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After analyzing the daily chart of fetch.ai (FET), it's apparent that FET is currently experiencing a downtrend and is consolidating. The support zones at $2.2150 and $2.2690 are being retested intermittently, while encountering resistance around $2.2540. Additionally, a significant trendline acts as a barrier to bullish momentum. FET remains below the golden level, ranging from $2.2920 to $2.2700.
However, a potential bullish trend may emerge upon breaking the trendline, with a target price of $2.3789. Consider taking profits at this level, followed by $2.4460 for those willing to take on more risk. Some traders may opt for a third profit target at $2.4874. The timeframe for these movements could span a few hours to a day.
Please note that this analysis is contingent upon BTC maintaining its current trajectory or exhibiting stability. Conduct your own research (DYOR) before making any investment decisions.
> The current price of FET is $2.24 as of writing this.