Fetch.ai (FET): growth or preparation for a pullback? 🚀📉
Today, the FET/USDT token is showing a growth of +1.65%, reaching a mark of $1.2976. The price is approaching the upper Bollinger Bands ($1.3049), indicating possible overbought conditions. 📊
💡 Key levels:
Resistance: $1.30–$1.31. A breakout will open the way to $1.34.
Support: $1.26. In the case of correction, this is a strong level for price recovery.
🔍 Indicators:
MACD confirms bullish momentum, but its strength is currently limited.
Trading volumes are increasing, which enhances the probability of an upside breakout.
Scenarios:
1️⃣ Breakout at $1.31 — target $1.34–$1.35.
2️⃣ Sideways movement in the range of $1.26–$1.31.
3️⃣ Pullback below $1.26, leading to a drop to $1.23.
⚠️ Recommendations: watch the movement at the level of $1.30. An upward breakout may provide strong momentum, while a consolidation below will signal for profit-taking.
👉 What do you think, will FET continue to grow or are we expecting a correction? Share your opinion in the comments!