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On November 22, the bullish price skyrocketed to $0.08 price. However, the $0.0687 is a stronghold for the Fetch.ai bears; therefore, the bullish price was cut short to around $0.0638 – a lower resistance level. Sellers increase pressure on the market, but the support level remains strong and unmovable above the moving average . Today’s bullish market is a continuation of the price breakout of the last daily trading session which brought the price to $0.0687
Fetch.ai Market Price Statistic:
- FET/USD price now: $0.0716
- FET/USD market cap: 52,317,365
- FET/USD circulating supply:746,113,681.00
- FET/USD total supply:1,151,441,226
- FET/USD coin market ranking: #331
Key Levels
- Resistance: $0.08, $0.09, $0.10
- Support: $0.06, $0.05, $0.04
Fetch.ai Market Price Analysis: The Indicators’ Point of View
The way the Bollinger indicator illustrates the price breakout suggests that the sellers may respond to this bullish price movement in the next session. The upper band and lower band diverge as an indication of increasing volatility. Strong bearish activities are also obvious in today’s market as buyers now just have less than half the bullish price to hold on to. Keeping the support price above $0.0687 is important for bulls.
FET/USD 4-Hour Chart Outlook
In the third session, the bears take of control the market. And the bulls might eventually lose out completely if the strong bearish moves continue. Due to the level of volatility, the tide can still turn in favour of the seller. Bulls need to conserve the price and establish a support level at this point to stabilize the market above the major resistance level.
Although the FETUSD is just coming out of the gridlock market, the volume of trade is not as strong to ensure the continuation of the trend. These days, investors in the crypto world, need to stay in the loop with all the events affecting cryptocurrencies. With the groundbreaking Dash 2 Trade platform, you will not miss any important events in the cryptocurrency market. This is because the platform helps you stay on top of your trading game. D2T presale dashboard is launching soon as the product dev is ahead of schedule. In the ongoing presale, almost $8.5 million has been raised.
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