Fetch.ai: What crossing this key price level means for FET predictions

December 14, 2023

By Dipayan Mitra

• FET’s trading volume increased, as did buying pressure.

• Market indicators turned bearish on the token, suggesting a price correction. 

Fetch.ai [FET] displayed a commendable performance last week as its price rallied in double digits. Thanks to the recent uptrend, the token managed to go above a key resistance level. Does this mean that FET is about to reach an all-time high anytime soon?

Fetch.ai crosses a key level

According to CoinMarketCap, FET’s price has rallied substantially in the recent past as its value surged by more than 15% in the last 24 hours alone.

While the token’s price gained bullish momentum, a crypto investor pointed out a key resistance zone near the $0.58 mark. Because of the current uptrend, FET managed to go beyond that level for quite some time.

Therefore, the possibility of FET reaching new highs seemed likely to happen. At the time of writing, Fetch.ai was trading at $0.5797 with a market capitalization of over $477 million.

The token’s trading volume also surged by more than 190%, which acted as a foundation for the bull rally.

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