Fetch.ai Price Prediction for Today, December 7: FET/USD Looks Strong Above $0.0687

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Fetch.ai is making bullish progress with the price. After succeeding in beating the major resistance level (which is $0.0687) in the last session, the bulls almost lost their grip on the price as the price closed at $0.07019. This is a reflection of how volatile the market is.

Fetch.ai Market Price Statistic:

FET/USD price now: $0.0807
FET/USD market cap: $61,050,052
FET/USD circulating supply:1,151,441,226
FET/USD total supply: 746,113,681.00
FET/USD coin market ranking: #302

Key Levels

Resistance: $0.09, $0.10, $0.11
Support: $0.06, $0.05, $0.04

Fetch.ai Market Price Analysis: The Indicators’ Point of View

The Bollinger bands explode widely, illustrating the extent of the volatility in the market. After the consolidating period, the bull market and the bear market break out on both sides. But, the bulls are having the upper hand. The 20-day moving average is also following the direction of the bullish price. Since the two market players are formidable, investing at this time should be done with caution. But the bulls, so far, are doing very well (for now) as they are making the best out of the wide struggle for price control.

FET/USD 4-Hour Chart Outlook

Currently, the attempt by the bulls to break the $0.08 price level is failing due to the strong bearish resistance at that level. But the three consecutive candlesticks show that more traders are willing to buy than those who are willing to sell. Considering the volatility, the bull market may not go too far. However, the next stop for the price may be around the $0.09 price level.

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