FET/USD Touches $0.093 Resistance, Can it Reach $0.100 Level?

On Dec 18, 2022

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The Fetch.ai price prediction shows that FET may climb above the 9-day moving average to hit the resistance level of $0.100.

Fetch.ai Prediction Statistics Data:

Fetch.ai price now – $0.089
Fetch.ai market cap – $66.7 million
Fetch.ai circulating supply – 746.1 million
Fetch.ai total supply – 1.1 billion
Fetch.ai Coinmarketcap ranking – #266

FET/USD Market

Key Levels:

Resistance levels: $0.155, $0.160, $0.165

Support levels: $0.035, $0.030, $0.025

FETUSD – Daily Chart

FET/USD has seen some positive movement in the last few days despite the market onslaught. Fetch.ai has been able to see more than 2.5% gains at a time when the majority of the crypto market was struggling price-wise. Currently, FET/USD is still standing at a good short-term level but it has not been about to main the $0.100 resistance.

Fetch.ai Price Prediction: What could be the Next Move for FET?

The Fetch.ai price would need to rise and stay above the 9-day and 21-day moving averages, but if the sellers push lower, traders can expect very strong support at $0.070; this could then be followed up with support at $0.050. If the bears push further below this support, then additional supports could be located at $0.035, $0.030, and $0.025.

On the other hand, if the buyers regroup and rebound from the current market value of $0.089, the first level of resistance lies at $0.100. This could then be followed by the resistance levels of $0.155, $0.160, and $0.165, while the Relative Strength Index (14) is moving in the same direction above the 50-level to indicate indecision within the market.

Against Bitcoin, the Fetch.ai price keeps trading as the moves sideways within the market. FET/BTC is currently trading at 535 SAT, and the bulls could push the price to the north. However, if the price drop towards the lower boundary of the channel, the next support may come at 300 SAT and below.

However, a possible bullish movement could push the market to cross above the 9-day moving average, and a break above this may enable the Fetch.ai price to reach the resistance level of 850 SAT and above as the Relative Strength Index (14) is moving above the 50-level to create additional bullish signals.

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