Fetch.ai Price Prediction for Today, February 20 – FET Technical Analysis

The Fetch.ai price prediction shows that FET continues with a steady increase above the moving averages to touch the resistance level of $0.87.

Fetch.AI (FET) Shows Robust Bullish Signal, Aims for 500% Surge

Over the past 24 hours, FET has surged by 12%, and it has seen an impressive 45% gain over the last week. The current trading momentum aligns closely with the excitement surrounding AI technology giant Nvidia. Fetch.AI is capitalizing on this heightened interest, riding the wave as Nvidia prepares for its Q4 2023 earnings release scheduled for February 21.

Fetch.ai Prediction Statistics Data:

• Fetch.ai price now – $0.85
• Fetch.ai market cap – $779.7 million
• Fetch.ai circulating supply – 831.9 million
• Fetch.ai total supply – 1.1 billion
• Fetch.ai Coinmarketcap ranking – #96

FET/USD Market

Key levels:

Resistance Levels: $1.10, $1.20, $1.30

Support Levels: $0.60, $0.50, $0.40

FET/USD keeps heading to the north as the price hovers above the resistance level of $0.85. A daily close above this level may increase the price of the coin to the resistance level of $0.90. However, traders should note that a consistent price increase may bring more buyers into the market if bulls increase their positions.

Fetch.ai Price Prediction: FET/USD Begins a Movement to the North

According to the daily chart, the Fetch.ai price is seen heading toward the upside as the coin touches the resistance level of $0.87 daily high. However, if the Fetch.ai price remains above the 9-day and 21-day moving averages, it is likely to break above the upper boundary of the channel. Meanwhile, the daily chart also reveals that as the 9-day moving average remains above the 21-day moving average, this could confirm the presence of the bulls in the market.

On the contrary, if the bulls fail to push the coin to the upside, the bears may take advantage and bring the market price toward the lower boundary of the channel. However, the 9-day MA keeps hovering above the 21-day MA, if the Fetch.ai price rises further, crossing above the upper boundary of the channel may locate the resistance levels at $1.10, $1.20, and $1.30 but sliding to the downside may bring the price to the supports at $0.60, $0.50, and $0.40.

FET/BTC Looks for Additional Gains

Against Bitcoin, the Fetch.ai price is hovering above the 9-day and 21-day moving averages heading toward the upper boundary of the channel. However, any further bullish movement above the channel may likely hit the resistance level at 2000 SAT and above.

On the contrary, if the sellers bring the market to the south, traders can expect a fall toward the lower boundary of the channel, breaking below this barrier may locate the support at 1300 SAT and below. Meanwhile, the 9-day MA crosses above the 21-day MA, suggesting more bullish signals for the coin.

@CryptoThannos informed his 56k+ followers on X (formerly Twitter) that he underestimated the ascent of this emerging AI powerhouse! Despite expecting the $FET rally to taper off, it’s forming a significant rounding bottom on the weekly chart, suggesting the potential for another 15X increase or even more from current levels. With FET already up 17X from its 2022 low, @CryptoWizardd and company are poised to propel it to much greater heights, in my opinion!

I was really underestimating this rising AI lord!

I thought the $FET rally was about to end, but it's printing a big rounding bottom on the weekly chart and another 15X or even higher from here seems easily possible.

FET is up 17X from the 2022 bottom and @CryptoWizardd fam is… https://t.co/8gVKAqad1A pic.twitter.com/qXQ8tvLCVT

— Crypto Thanos (@CryptoThannos) February 19, 2024

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The Fetch.ai coin is currently trading at $0.85, potentially reaching $1.00 if it surpasses $0.90. Meanwhile, Fetch.ai (FET) boasts a market cap of $715.1 million. The ongoing presale of Bitcoin Minetrix has raised $11.2 million, positioning $BTCMTX for significant growth. The strong presale performance shows investors’ confidence in $BTCMTX’s future.

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