šØ $FET / USDT ā Bounce from Support or Continued Downtrend?
š Fetch.ai faces technical pressures after recent drop
š Market Summary
ā¢ Current Price: $0.6570 USDT
ā¢ 24h Variation: ā3.18%
ā¢ Intraday Range: $0.6372 ā $0.6984
ā¢ 24h Volume: ā $117 M USDT
ā¢ Market Cap: ā $1.57 B, circulating ~2.394 B FET
š Bearish Scenario
ā¢ Overall indicators show āStrong Sellā signal, with most moving averages and oscillators bearish.
ā¢ Daily RSI ~ 43 ā not yet oversold, but trending downwards.
ā¢ Negative daily MACD ā technical signal of ongoing selling pressure.
š Bullish Scenario
ā¢ In short time frames (30m/1h), bullish momentum is observed with recovery above EMA7/25/99.
ā¢ A close above $0.70 with increased volume could activate a bounce towards $0.75ā$0.80.
šÆ Professional Advice
āMonitor buying volume. If you see a bounce from ā $0.64ā$0.65 with a green candle and increasing volume, a short long could have a good reward. Place stop-loss below $0.63. However, if it falls below $0.64 on a daily close, we could see pressure towards $0.60ā$0.62.ā
š§ Interesting Fact
The recent consolidation activates the Artificial Superintelligence Alliance, uniting Fetch.ai, SingularityNET, and Ocean Protocol, reinforcing its role in the decentralized AI ecosystem.
š£ What do you think?
Do you believe that AI momentum will drive a bounce, or will the bearish pressure continue to push FET towards $0.60?
š¬ Share your opinion and we will share it with your community!