FET USDT 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-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 May 07, 2024, Fetch.ai is trading at approximately 2.4603 USDT. Let’s dive into the detailed price action for FET-USDT:

Embrace a bullish sentiment for Fetch.ai (FETUSDT) at 2.46 USDT as technical analysis emphasizes strong support and positive indicators for potential growth.

Metric Value
Open (O) 2.378
High (H) 2.4995
Low (L) 2.362
Close (C) 2.4603
Volume (C) 20,403,607.10
  • Open (O): The opening price for today’s trading session was approximately 2.378 USDT.
  • High (H): Fetch.ai reached a daily high of around 2.4995 USDT.
  • Low (L): The daily low for FET-USDT was approximately 2.362 USDT.
  • Close (C): At the time of analysis, Fetch.ai is trading near its daily close of 2.4603 USDT.
Metric Value
1D Change (%) 3.45%
3D Change (%) 13.96%
7D Change (%) 21.64%
30D Change (%) -9.11%
90D Change (%) 340.52%
YTD Change (%) 265.79%

Over the past three days, FETUSDT has risen by approximately 13.96%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 21.64%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FETUSDT maintaining a downward trend of approximately -9.11%, despite intermittent fluctuations. Examining the last 90 days, FETUSDT has witnessed substantial increase of approximately 340.52%, reflecting strong long-term confidence. Year-to-date, FETUSDT has steadily increased by around 265.79%, 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 0.93403.
  • Momentum score is 0.1653.

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 20,403,607.10 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 neutral zone, around 53.8236. This suggests that Fetch.ai is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Embrace a bullish sentiment for Fetch.ai (FETUSDT) at 2.46 USDT as technical analysis emphasizes strong support and positive indicators for potential growth.

Dive into the details with our in-depth analysis on FET BTC Fetch.ai Technical Analysis; you won’t want to miss it if you found this post interesting.

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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