In this Fetch.ai technical analysis, we will examine the current price action, trading volume, key levels and indicators for FET-USDT. Fetch.ai (FET) is a decentralized AI network that enables the creation and execution of intelligent contracts on a blockchain. The platform utilizes a novel consensus algorithm called “Deep Learning Consensus” to ensure fast and secure transactions. With FET, developers can build and deploy AI-powered applications without the need for centralized infrastructure or intermediaries.
Fetch.ai Price Overview:
As of December 05, 2023, Fetch.ai is trading at approximately 0.5352 USDT. Let’s dive into the detailed price action for FET-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.5427 |
| High (H) | 0.5476 |
| Low (L) | 0.5139 |
| Close (C) | 0.5352 |
| Volume (C) | 49,896,028.00 |
- Open (O): The opening price for today’s trading session was approximately 0.5427 USDT.
- High (H): Fetch.ai reached a daily high of around 0.5476 USDT.
- Low (L): The daily low for FET-USDT was approximately 0.5139 USDT.
- Close (C): At the time of analysis, Fetch.ai is trading near its daily close of 0.5352 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.36% |
| 3D Change (%) | -4.14% |
| 7D Change (%) | -0.89% |
| 30D Change (%) | 46.51% |
| 90D Change (%) | 108.49% |
| YTD Change (%) | 484.28% |
Over the past three days, FETUSDT has declined by approximately -4.14%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -0.89%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FETUSDT maintaining an upward trend of approximately 46.51%, despite intermittent fluctuations. Examining the last 90 days, FETUSDT has witnessed substantial increase of approximately 108.49%, reflecting strong long-term confidence. Year-to-date, FETUSDT has steadily increased by around 484.28%, 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-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 1.03608.
- Momentum score is 0.4651.
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 49,896,028.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Fetch.ai is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FET-USDT is currently in the high zone, around 62.83182. This suggests that Fetch.ai is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Fetch.ai (FET-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Navigate Fetch.ai’s (FETUSDT) potential downturns at 5.35e-01 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on FET BTC Fetch.ai Technical Analysis — a perfect 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.