In this technical analysis of Fetch.ai, we’ll delve into the current price action, trading volume, key levels, and indicators for FET-USDT. Fetch.ai, a decentralized AI network, enables the creation and execution of intelligent contracts on a blockchain. The platform utilizes its novel “Deep Learning Consensus” algorithm to ensure fast and secure transactions. With FET, developers can build and deploy AI-powered applications without relying on centralized infrastructure or intermediaries.
Fetch.ai Price Overview:
As of July 19, 2024, Fetch.ai is trading at approximately 1.378 USDT. Let’s dive into the detailed price action for FET-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.403 |
| High (H) | 1.426 |
| Low (L) | 1.362 |
| Close (C) | 1.378 |
| Volume (C) | 7,446,014.50 |
- Open (O): The opening price for today’s trading session was approximately 1.403 USDT.
- High (H): Fetch.ai reached a daily high of around 1.426 USDT.
- Low (L): The daily low for FET-USDT was approximately 1.362 USDT.
- Close (C): At the time of analysis, Fetch.ai is trading near its daily close of 1.378 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.85% |
| 3D Change (%) | -3.64% |
| 7D Change (%) | 15.90% |
| 30D Change (%) | -8.44% |
| 90D Change (%) | -44.68% |
| YTD Change (%) | 104.88% |
Over the past three days, FETUSDT has experienced a significant decline of approximately -3.64%, indicating increased market volatility. In contrast, the cryptocurrency’s performance over the last week was more positive, with a gain of around 15.90%, suggesting growing investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -8.44%, despite occasional fluctuations. Looking back at the last 90 days, FETUSDT has witnessed a substantial decline of around -44.68%, reflecting a loss of long-term confidence. Year-to-date, however, FETUSDT has demonstrated steady appreciation, rising by approximately 104.88%.
Fetch.ai Live Chart:
You can access a live price chart for FET-USDT 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 0.91011.
- Momentum score is -0.0227.
FET USDT Technical Analysis
Fetch.ai Trading Volume:
The trading volume for Fetch.ai (FET) over the past 24 hours has been insignificant, with approximately 7,446,014.50 USDT 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-USDT is currently in the neutral zone, around 45.92676. This suggests that Fetch.ai is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Fetch.ai (FET-USDT) is currently displaying short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities to emerge. Furthermore, the neutral RSI reading and insignificant trading volume are indicative of a possible sideways movement.
Fetch.ai (FETUSDT) faces challenges, trading at 1.17 USDT, as technical analysis signals weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on FET BTC Fetch.ai Technical Analysis; it’s a natural follow-up if you enjoyed 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.