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The Fetch.ai price has plunged 6% in the past 24 hours to trade at $3.10 as of 1:15 a.m. EST on a 28% drop in trading volume to $337 million.
Despite the slight drop, FET shows a positive trend, with a general bullish sentiment. It has surged by 17% in the last week and an impressive 83% in the past month.
Fetch.ai Price Sustains Bullish Momentum
FETUSDT Analysis by Tradingview
The Fetch.ai price shows a steady upward trend following its breakout from the consolidation phase, maintaining momentum within the rising wedge pattern.
The price is moving downwards towards the lower trendline of the wedge, which has consistently provided strong support for the Fetch.ai price.
The technical indicators indicate a bullish bias as buyers push the price above the 50-day and 200-day simple moving averages (SMAs). Furthermore, the moving average cross at $0.3094 confirms the overall bullish sentiment for the Fetch.ai price.
Despite a slight dip, the Relative Strength Index (RSI) suggests a general uptrend, bouncing back from 53 to 60. With increasing momentum, we can expect the RSI to enter the overbought zone, indicating strong buying pressure.
The MACD also supports the bullish trend, rebounding below the neutral level and showing a graceful surge as the blue moving average line crosses the orange signal line. Additionally, the histogram reflects a positive outlook, with bars positioned above the neutral position.
Fetch.ai Price Prediction
Currently, the price trajectory of Fetch.ai is at a critical point as the bulls face rejection at $3.47 resistance. If bearish sentiment prevails, the price may face downward pressure towards the $2.91 support zone as investors with a bearish outlook on FET seek to profit from potential declines.
However, a further bullish continuation is possible above $3.47 as the bulls aim to reach new levels at $4.3 high.
Meanwhile, if you missed the FET surge, consider shifting your attention to the SpongeV2 meme coin, which could yield a 100X return on investment.
SPONGEV2: Best Meme Coin To Buy Today For 100X Returns
Investors are showing strong interest in Sponge V2 amid rumours circulating about its upcoming listing on several high-profile exchanges.
SpongeV2 is building upon the achievements of its predecessor, Sponge V1. SpongeV1 created quite a buzz in 2023, delivering 100X returns for early adopters, and it even reached a peak market capitalization of $100 million.
#SpongeV2 blasting off in 2024 🚀🔥#Crypto #MemeCoin #Alts #100x pic.twitter.com/GQQSbLPNla
— $SPONGE (@spongeoneth) March 29, 2024
Sponge V2 offers improved features and greater benefits for token holders. The staking feature offers holders an attractive annual percentage yield (APY) of 169% on Ethereum and 379% on the Polygon network.
Additionally, the platform plans to launch a play-to-earn racer game available in both paid and free versions. In the paid version, SPONGE will serve as in-game credits, and rewards will be given in the meme coin.
Don't get left behind…again 🧽💦#Sponge #SpongeV2 #MemeCoin pic.twitter.com/moe6mphwPi
— $SPONGE (@spongeoneth) March 17, 2024
Analyst and Crypto YouTuber Jacob Bury considers SpongeV2 to be one of the best meme coins to invest in this year and says it has the potential to explode 1000X on launch.
Visit the project’s official website to connect your Web3 wallet to the platform and buy the token using your ETH, MATIC, or USDT. You can also use your bank card.
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