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 July 06, 2024, Fetch.ai is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for FET-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 1,709,802.70 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Fetch.ai reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for FET-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Fetch.ai is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 5.02% |
| 3D Change (%) | 3.66% |
| 7D Change (%) | -2.45% |
| 30D Change (%) | -25.42% |
| 90D Change (%) | -44.77% |
| YTD Change (%) | 35.39% |
Over the past three days, FETBTC has risen by approximately 3.66%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -2.45%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FETBTC maintaining a downward trend of approximately -25.42%, despite intermittent fluctuations. Examining the last 90 days, FETBTC has witnessed substantial decline of approximately -44.77%, reflecting strong long-term confidence. Year-to-date, FETBTC has steadily appreciated by around 35.39%, 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 1.63464.
- Momentum score is -0.0218.
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 1,709,802.70 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 low zone, around 43.43135. This suggests that Fetch.ai is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Navigate Fetch.ai’s (FETBTC) potential downturns at 2.15e-05 BTC with bearish technical analysis, emphasizing weakened support and cautionary indicators.
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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.