Fetch.ai (FET) Price Prediction: Will it Plunge Amid Market Instability, or Does Shibie Coin Offer a Safe Haven?

The prevailing market sentiment has impacted numerous tokens, leading to a massive value decline. Fetch.ai (FET) is another token stuck in the bearish cycle. It reached an all-time high in 2021 but has since retraced and dropped over 80%.

FET has lost most of its past gains, with over a 5% seven-day decline and a nearly 9% 30-day price decrease.

Fetch.ai Price Performance; Is a Bullish Recovery Possible?

Fetch.ai witnessed heightened volatility and fluctuations in the last week and has continued today, August 7, with bearish momentum. As of 5:40 am EST, FET is down by over 3% in the last 24 hours, trading at $0.20. 

The FET’s market outlook suggests a potential rebound following the extended period of decline. The chart illustrates that the market has been on a bearish channel pattern over the past months. But in recent weeks, the price has been rising gradually.

Fetch.ai Daily Chart

FET is trading below the 200-day and 50-day Simple Moving Average (SMA), a bearish short and long-term signal. However, there’s a notable support level at $0.17. Investors or traders should monitor this point closely, as a potential bounce could signal a shift in momentum. 

If the support holds, the coin might experience a recovery toward a critical resistance level at $0.4797. Conversely, a break below $0.17 could lead to further downside movement. 

Additionally, MACD is slightly below the signal line, with gradually fading histogram bars, signifying a potential weakening of the prevailing bearish trend. 

Also, with the Relative Strength Index (RSI) level at 37, the asset’s current condition indicates that it might be approaching oversold territory. If investors buy the dip at the oversold position, FET could witness an upward momentum, potentially leading to a rebound. 

Based on the analysis, FET could move toward the significant $0.4797 resistance in the coming days if buyers join the market at the current prices.

Meanwhile, FET fights to overcome the critical position, and Shibie Coin is gradually positioning itself as the best alternative with low risk for investors to consider.

Shibie Coin Explodes as Presale Generates $167K

The recently introduced Shibie Coin aims to become the crypto market sensation by merging the Barbie and Shiba Inu hypes, two worldwide trends with a strong community and fan base.

As expected, the presale is attracting investor attention and has raised over $167K within seven days of the presale launch. Like the latest Barbie movie’s record-breaking success at the box office, $SHIBIE could replicate this impact in the market. 

Also, SHIBIE aims to grant investors a second chance to re-live Shiba Inu‘s early days with massive returns on investment. That is because meme coin projects celebrating famous pop-culture figures are gaining traction, most exhibiting 1000% surges.

Nevertheless, the presale is limited to a $999,000 hard cap and concludes in less than a week days, providing investors with a brief window to join early for profit maximization.

The project reserves 20% of the total token supply for DEX liquidity and 10% for future centralized exchange listings, and 5% for marketing. 5% of tokens are designated for marketing efforts to increase awareness across the crypto community. 

Priced at $0.000167, SHIBIE holds the potential for a 10x increase post-launch, as crypto influencer Jacob Bury suggested.

Shibie Coin Unveils Ambitious Roadmap for Promising Journey Ahead

While the presale signifies SHIBIE’s grand market entrance, the project’s roadmap outlines its intended trajectory.

With intentions to secure notable CEX listings, $SHIBIE aspires to broaden its influence in the future significantly.

As the project attains more CEX listings, the potential for Shibie Coin to cultivate a diverse user base will expand, laying the groundwork for its prominence within the meme coin realm.

Moreover, CEX listings often increase trading volume, enhance liquidity, decrease price volatility, and amplify market interest. These factors could play a pivotal role in solidifying $SHIBIE’s market stance upon its introduction to exchanges.

With its unique identity, community-centered strategy, and comprehensive roadmap, Shibie Coin presents a potential contender within the low-cap cryptocurrency space that could shake the market in the coming weeks.

Interested investors can visit the Shibie website, connect their wallets and swap ETH, BNB, or USDT for $SHIBIE tokens.

Also Read:

• Bitcoin Price Prediction: Soaring Value and Why You Should Consider Evil Pepe as Your Next Big Investment
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