Join Our Telegram channel to stay up to date on breaking news coverage
Bullish momentum is increasing
Fetch.ai Price Analysis – 09 December
In case the support level of $0.09 holds, buyers may push the price to break up the $0.10 resistance level and it may increase to the potential resistance levels at $0.11, and $0.12. An increase in the sellers’ pressure may push the FET below the support level at $0.09, which may decrease further to $0.07, and $0.06.
Key Levels:
Resistance levels: $0.10, $0.11, $0.12
Support levels: $0.09, $0.07, $0.06
FETUSD Long-term Trend: Bullish
Fetch.ai is bullish in the daily chart. Sellers pushed the coin to the low of $0.05 support level on 22 November. The pressure on the sellers is reduced when the buyers’ momentum increases. Strong bullish candles were produced and the price increased. The price is soaring higher by breaking up the resistance level of $0.09. Fetch.ai is trying to break up the resistance level of $0.12.
The price is trading above the 9 periods EMA and 21 periods EMA. On the daily chart, FET/USD remains under the control of the buyers, In case the support level of $0.09 holds, buyers may push the price to break up the $0.10 resistance level and it may increase to the potential resistance levels at $0.11, and $0.12. An increase in the sellers’ pressure may push the price below the support level at $0.09, which may decrease further to $0.07, and $0.06.
FETUSD Medium-term Trend: Bullish
On the 4-hour chart, Fetch.ai is bullish. There was a period of price consolidation which took place many days ago within $0.05 and $0.06 levels, bulls gathered more momentum. Buyers pushed the price to break up the resistance level of $0.07, $0.09, and $0.10 Fetch.ai increased with strong momentum from the buyers toward the resistance level of $0.11.
The two EMAs are well separated and the price is soaring higher above the two EMAs indicating a strong bullish movement. Bulls are just propelling FET price to a high level but IMPT is soaring higher every day.
IMPT is environmental friendly and the project is gaining traction and close to $17 million has been raised in the current presale. Those who invest in Impact Token (IMPT) will be able to claim them as from December 12, 2022. In order to do this, they will connect the wallets they used to buy the tokens initially, and the token will be dropped into their wallets. Also Uniswap, LBank and Changelly Pro will list IMPT for trading, once the presale has been concluded.
Dash 2 Trade aims to guide all trades to speculate more proficiently. This is because effective risk control parameters are necessary in building robust strategies for initiating winning trades. There is a D2T presale ongoing and time is running out. The presale dashboard launch is coming soon since the product dev is ahead of the schedule. So far, the presale has raised almost $9.5 million.
Related
Join Our Telegram channel to stay up to date on breaking news coverage
