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Fetch.ai Price Prediction for Today, January 4: FET/USD Gains Momentum Above $0.115

Fetch.ai Price Prediction for Today, January 4: FET/USD Stays Above $0.115
Fetch.ai Price Prediction for Today, January 4: FET/USD Stays Above $0.115

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The Fetch.ai price prediction shows that FET is rising with a gain of 9.52% as the market price rises above the $0.115 level.

Fetch.ai Prediction Statistics Data:

  • Fetch.ai price now – $0.112
  • Fetch.ai market cap – $90.3 million
  • Fetch.ai circulating supply – 818.9 million
  • Fetch.ai total supply – 1.1 billion
  • Fetch.ai Coinmarketcap ranking – #176

FET/USD Market

Key Levels:

Resistance levels: $0.150, $0.170, $0.190

Support levels: $0.080, $0.060, $0.040

FET/USD is trading above the resistance level of $0.110 as the coin moves toward the upper boundary of the channel. It is likely that if the resistance level of $0.117 is tested once again, the coin may break higher. However, if the Fetch.ai price slides below the 9-day and 21-day moving averages, traders could expect the market price to break below the lower boundary of the channel and this may cause the market to test the support levels of $0.080, $0.060, and $0.040.

Fetch.ai Price Prediction: FET/USD Ready to Touch $0.120 Resistance

As seen on the daily chart, the Fetch.ai price is hovering around $0.112 with a slight bullish movement towards the upper boundary of the channel. However, if the bulls put more pressure, the Fetch.ai price may cross above the upper boundary of the channel to hit the resistance levels at $0.150, $0.170, and $0.190.

However, the technical indicator Relative Strength Index (14) is beginning to recover from the downtrend as the signal line moves to cross above the 70-level. Meanwhile, the bulls may come into focus if the 9-day MA remains above the 21-day MA.

Against Bitcoin, the Fetch.ai price is trying to cross above the upper boundary of the channel. After touching the support level of 605 SAT, the price begins to ascend and it is currently trading around 660 SAT. However, the Fetch.ai price is now contained within the channel as traders wait for the bulls to hopefully push the price above the channel.

FETBTC – Daily Chart

On the upside, if the bulls can break above this barrier, traders can expect initial resistance at 800 SAT. Above this, higher resistance could be located at 850 SAT and above. On the contrary, if the sellers bring the market towards the lower boundary of the channel, FET/USD may hit the support at 500 SAT and below. Meanwhile, the Relative Strength Index (14) is moving to cross into the overbought region, and it’s likely to create more bullish signals.

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Related

View the latest FET price on CoinCodex.

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