#feth.ai Why could Fetch.ai (FET) face a major correction in April 2024?đ„đ„đ„
Fetch.ai (FET) just set a new peak in the last days of March thanks to positive news related to the project. However, many signals show that the price may face a significant correction in April after increasing 580% since the beginning of the year until now.
đ¶âđ«ïžHere are the latest updates and reviews from BeInCrypto on Fetch.ai (FET) price fluctuations.
đ€ #1. Technical signals suggest the possibility that FET prices will adjust sharplyđđ
One of the reasons why FET just increased another beat and set a high of over 3.7 USD last week is thanks to news related to the cooperation between three leading AI projects in the Crypto market including Fetch.ai, Singularity. NET, Ocean Protocol. This news makes many investors more positive and have more expectations for AI projects in the market.
Weekly FET technical analysis with RSI indicator and volume. Weekly FET technical analysis with RSI indicator and volume.
But it can be seen that the news did not promote a new series of increases, but the price only increased locally during the day and was immediately sold strongly again to below 3 USD. From a technical perspective, FET shows the following notable signs and motifs:
FET's weekly trading volume in March decreased gradually, from over 5 billion USD/week to 3 billion USD/week. Although FET prices moved higher, weekly volume was lower. This is a signal that the upward momentum seems to have cooled down.
FET's weekly RSI indicator shows a divergence signal while at a high level of over 80 points.
#cĂČn continue.
