$FET Price Prediction: FET Is Ready For 36% Move - CoinGape Analytics

Amid the developments in the ecosystem, Fetch AI is gearing up for a major run this week that could see it rise by 36% from the inverse head and shoulders (H&S) pattern resistance at $1.7.

Referencing the hurdle at $1.7 which has already been broken, more traders will likely long Fetch AI betting on the potential breakout to $2.34.

The Relative Strength Index (RSI) backs this breakout as it rallies into the overbought region. Should the RSI settle above 70 and consistently move toward 100, FET might rise to reach higher levels.

Other indicators like the Exponential Moving Averages (EMAs) back the uptrend with the 200-day EMA in line at $1.75 to provide support in case of a sudden correction.

The 20-day EMA in blue crossed above the 50-day EMA in red further validating the bullish grip on Fetch AI price. The area at $1.6 will also come in handy if losses intensify due to profit-taking.