1. Current trend
The current price of Fetch.ai ($FET ) is hovering around 1.60 USDT. The market is showing notable bullish momentum after a consolidation phase. Here are the key takeaways:
Supports and resistances:
Main support: 1.50 – 1.55 USDT, an interesting accumulation zone.
Key resistance: 1.75 USDT, then 1.90 – 2.00 USDT if the uptrend continues.
Moving averages:
MA 7 and MA 25 confirm a short-term bullish trend.
MA 99 remains a strong medium-term support, located lower around 1.26 USDT.
2. Technical Indicators
Volume: Volumes are increasing, confirming buyer interest.
RSI (Relative Strength Index): Currently close to 60, showing good bullish momentum without being in the overbought zone.
3. Buying and Selling Opportunities
Buying Zones: On pullbacks towards 1.50 - 1.55 USDT. This zone offers a good entry point.
Sales objectives:
First target: 1.75 USDT.
Second target: 1.90 - 2.00 USDT.
If there is a break above 2.00 USDT, a potential move towards 2.20 - 2.50 USDT could open up.
The Utility of Fetch.ai (FET)
Fetch.ai is an innovative blockchain that uses decentralized artificial intelligence to solve complex problems. Its use cases include:
Automation of logistics tasks: Optimization of supply chains.
Decentralized Finance (DeFi): Automation of financial strategies using AI.
Smart Cities: Improving the efficiency of urban infrastructure.
Fetch.ai is a flagship project in the convergence between AI and blockchain, sectors in full expansion.
FET Future Perspectives
The artificial intelligence market is experiencing massive adoption, and Fetch.ai, with its innovations, is well positioned to capture this growth.
With industries growing interest in intelligent automation, Fetch.ai has significant long-term potential.
If the crypto bull market continues in 2024, FET could reach and surpass its all-time highs.
Conclusion: Strategy for Investors
Buy on pullbacks between 1.50 and 1.55 USDT.
Sell partially at 1.75 USDT, then 1.90 - 2.00 USDT.
Monitor volumes and RSI to confirm next bullish steps.
