Fetch.ai (FET) Price Predictions: Will FET Reach $10 in 2023?

Following the U.S. SEC's approval of the Bitcoin Spot ETF and Ethereum ETF, altcoins have gained momentum. Additionally, Trump's return to the White House

The Artificial Superintelligence Alliance (ASI) token, formerly known as Fetch.ai (FET), has seen a price decrease amid a broader market downturn. According to price analysis on 25 February, FET faced increased selling pressure as it encountered resistance at immediate Fib lines.

Over the last 24 hours, FET price has experienced a minor bullish trend as buyers attempted to halt further drops below the $0.61 mark. However, volume has decreased over the last 24 hours. Currently, FET is trading at $0.644, showing a decrease of over 13% in the last 24 hours.

The daily price chart showcases a strong crash after bears plunged the price below immediate Fib lines. Over the last 24 hours, FET price has been on a minor bullish path as buyers defended further drops below the $0.61 mark. The 24-hour volume surged to $54.6 million, showing an increased interest in trading activity today.

On the other hand, the RSI-14 trend line has dropped from its previous level and currently hovers around 31-level, showing that bears are slowly gaining the momentum of the price. The SMA-14 level suggests downward volatility in the next few hours.

The 4-hour FET price chart suggests FET continues to experience bearish activity near EMA lines, creating a negative sentiment on the price chart. As the price continues to hold below EMA lines, bulls are aiming for a break above the EMA20 trend line.

The BoP indicator is trading in a bearish region at 0.18, hinting that sellers are trying to build pressure near resistance levels and boost a downward correction.

Additionally, the MACD trend line has formed red candles below the signal line and the indicator aims for a negative momentum, strengthening bearish positions.