Fetch.ai (FET) is currently experiencing a notable upward trend, as depicted in the recent technical analysis. The chart reveals key insights into the price movements and potential future performance of FET.
Key Levels:
Support Level: The support level is established at $1.2000, where the price previously found a strong buying interest.
First Resistance Level: The first major resistance is identified at $1.8900. This level is crucial as it represents the next potential barrier for FET's upward movement.
Current Price Movement:
FET is on an upward trajectory, approaching the first resistance level of $1.8900. The dotted line indicates the projected path, suggesting a bullish sentiment in the market.
What to Watch:
Resistance Testing: If FET manages to break through the $1.8900 resistance, it could pave the way for further gains.
Support Reassessment: In case of a pullback, the $1.2000 support level will be critical to watch for potential buying opportunities.