FET BTC Fetch.ai Technical Analysis

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By Frans van Elst

Fetch.ai logo In this Fetch.ai technical analysis, we will examine the current price action, trading volume, key levels and indicators for FET-BTC. Fetch.ai (FET) is a decentralized AI marketplace that enables developers to create, share, and monetize AI models and services on the blockchain. With FET, users can access a wide range of AI applications and tools without the need for centralized intermediaries or expensive hardware. By leveraging the power of blockchain technology and smart contracts, Fetch.ai is poised to revolutionize the way AI is developed, deployed, and monetized in various industries.

Fetch.ai Price Overview:

As of May 16, 2024, Fetch.ai is trading at approximately 3e-05 BTC. Let’s dive into the detailed price action for FET-BTC:

Explore Fetch.ai’s (FETBTC) potential setbacks at 3.34e-05 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 3e-05
High (H) 4e-05
Low (L) 3e-05
Close (C) 3e-05
Volume (C) 830,338.20
  • Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
  • High (H): Fetch.ai reached a daily high of around 4e-05 BTC.
  • Low (L): The daily low for FET-BTC was approximately 3e-05 BTC.
  • Close (C): At the time of analysis, Fetch.ai is trading near its daily close of 3e-05 BTC.
Metric Value
1D Change (%) -1.91%
3D Change (%) -0.83%
7D Change (%) -6.88%
30D Change (%) 1.03%
90D Change (%) 146.10%
YTD Change (%) 110.06%

Over the past three days, FETBTC has dropped by approximately -0.83%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -6.88%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FETBTC maintaining an upward trend of approximately 1.03%, despite intermittent fluctuations. Examining the last 90 days, FETBTC has witnessed substantial rise of approximately 146.10%, reflecting strong long-term confidence. Year-to-date, FETBTC has steadily increased by around 110.06%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Fetch.ai Live Chart:

You can access a live price chart for FET-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.56082.
  • Momentum score is -0.06176.

FET BTC Technical Analysis

Fetch.ai Trading Volume:

The trading volume for Fetch.ai (FET) over the past 24 hours has been insignificant, with approximately 830,338.20 BTC traded against FET. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): FET is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Fetch.ai is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for FET-BTC is currently in the neutral zone, around 48.69878. This suggests that Fetch.ai is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Fetch.ai (FET-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Explore Fetch.ai’s (FETBTC) potential setbacks at 3.34e-05 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Unlock additional insights on FET USDT Fetch.ai Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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