|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Fetch.AI (FET) Eyes 100% Breakout As It Approaches the $1.8 Resistance Level
Oct 07, 2024 at 10:00 pm
FET is showing renewed positive strength, with recent price action suggesting a breakout toward the $1.8 resistance level may be on the horizon.
Cryptocurrency prices have been volatile over the past 24 hours. The global cryptocurrency market cap now stands at $1.10 trillion, showing a 0.04% decrease in the last 24 hours.
Top Performers
The top performer among the top 100 cryptocurrencies is Fetch.AI (FET), which has seen a 10.49% rise. The recent bullish momentum has brought FET closer to the $1.8 resistance level, and a breakout could lead to further gains.
Worst Performers
On the other hand, the worst performer among the top 100 cryptocurrencies is Curve DAO Token (CRV), which has dropped by 3.43%. The recent pullback from higher levels has brought CRV down to the $1.08 support zone, and a failure to hold could lead to further losses.
FET Catches Attention With Strong Upward Move
FET is showing renewed positive strength, with recent price action suggesting a breakout toward the $1.8 resistance level may be on the horizon. After bouncing back from key support zones, the cryptocurrency has caught the attention of traders as upward pressure begins to build.
With buying interest growing and technical indicators showing signs of strength, the stage is set for FET to potentially reclaim higher price levels, positioning $1.8 as a crucial target for bulls looking to extend the rally.
The aim of this article is to analyze FET’s recent bullish momentum as it approaches the $1.8 resistance level. By examining key technical indicators, price patterns, and market sentiment, this piece seeks to assess the likelihood of a breakout and the potential for further upside movement in the near term.
After successfully avoiding a drop below the daily 100-day SMA, FET has positioned itself firmly above this key level, indicating that buyers have regained control. Holding above this crucial technical indicator suggests that FET may continue its upward trajectory, with the 100-day SMA now acting as a solid support level, further reinforcing the potential for continued gains.
Additionally, the RSI on the daily chart is currently sitting at 54%, after a previous dip to 44%. The rise from lower levels indicates that FET may be regaining strength, with the potential for more growth if buying interest remains consistent.
Should the price fail to hold above the 100-day SMA or encounter strong resistance at $1.8, a pullback toward the $0.966 support level could follow. If the price drops below this critical point, it may trigger additional declines, potentially opening the door for deeper price corrections.
CryptoSlate now tracks over 600 cryptocurrencies. You can adjust the display of cryptocurrency prices onᏟryptoSlate from the cryptocurrency篩選器 at the top of each table.
Thisصفائح العملة المشفرة can be sorted by cryptocurrency rank, price, 24-hour volume, and 24-hour price change.
Theصفائح العملة المشفرة are also available inصفائح العملة المشفرة,صفائح العملة المشفرة,صفائح العملة المشفرة,صفائح العملة المشفرة, andصفائح العملة المشفرة.
You can click on any cryptocurrency to view its detailed price analysis.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Stability and Freedom in Chaos
- Oct 08, 2024 at 02:20 am
- Today marks 10 years of USD₮ ! To celebrate, we're launching our documentary 'Stability and Freedom in Chaos' soon. Dive into the journey of how $USDT has become a lifeline for millions, fighting inflation and fueling financial freedom worldwide.