{"id":426353,"date":"2023-08-03T14:06:00","date_gmt":"2023-08-03T14:06:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=426353"},"modified":"2023-08-03T14:06:01","modified_gmt":"2023-08-03T14:06:01","slug":"fetch-ai-fet-price-prediction-an-imminent-crash-is-it-time-to-look-at-wall-street-memes-instead","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/fetch-ai-fet-price-prediction-an-imminent-crash-is-it-time-to-look-at-wall-street-memes-instead","title":{"rendered":"Fetch.ai (FET) Price Prediction: An Imminent Crash? Is It Time To Look At Wall Street Memes Instead?"},"content":{"rendered":"

Following a prolonged decline, Fetch.ai (FET) has identified a momentary support level that may prompt a rebound. <\/span><\/p>\n

As of 05:12 am EST, the coin is down by over 3% in the last 24 hours, trading at $0.20. Also, its trading volume is down by more than 30%.<\/span><\/p>\n

Fetch.Ai Signals Possible Retracement on Bullish Trendline<\/h2>\n

Fetch.ai FET\/USD indicates a recovery after its prolonged slump. The value has been gradually increasing from a new technical chart pattern.<\/span><\/p>\n

FETUSDT Daily Chart<\/h3>\n

\"Fetch.ai<\/p>\n

The chart shows that the market has been on a bearish channel pattern for six months. <\/span>Surprisingly, the market sentiment is shifting as the coin attempts to break out from a bearish channel chart pattern, signaling a potential bullish trend reversal. <\/span><\/p>\n

A break-out from the channel will trigger underlying buying interest, reinforcing the upward momentum and continuing the previous trendline support towards the primary resistance zone at $0.4797. <\/span><\/p>\n

Conversely, failure to break out or hold the trendline support will empower the bears for a trend reversal, facilitating a price decline below the trendline and more downward pressure on FET.<\/span><\/p>\n

Moreover, the RSI is at 38, approaching the oversold area, while the MACD line is below the signal line, demonstrating FET’s bearish market position today.<\/span><\/p>\n

Also, the bears are in charge, evident in the red MACD histogram bars and the bearish red candlesticks formed at the trendline support. <\/span><\/p>\n

Expect FET to continue its decline in the next few hours until the bulls recover momentum.<\/span><\/p>\n

Wall Street Memes Presale Smashes $20 Million Milestone – Best FET Alternative?<\/h3>\n

Wall Street Memes<\/span><\/a> ($WSM) is an innovative cryptocurrency project combining humor and financial expertise to create a unique proposition. <\/span><\/p>\n

By leveraging the widespread popularity of memes, this project provides investors with a unique and seamless experience that connects the realms of entertainment and serious investing.<\/span><\/p>\n