๐จ $FET / USDT โ Bounce from Support or Continued Downtrend?
๐ Fetch.ai faces technical pressures after recent drop
๐ Market Summary
โข Current Price: $0.6570 USDT
โข 24h Variation: โ3.18%
โข Intraday Range: $0.6372 โ $0.6984
โข 24h Volume: โ $117 M USDT
โข Market Cap: โ $1.57 B, circulating ~2.394 B FET
๐ Bearish Scenario
โข Overall indicators show โStrong Sellโ signal, with most moving averages and oscillators bearish.
โข Daily RSI ~ 43 โ not yet oversold, but trending downwards.
โข Negative daily MACD โ technical signal of ongoing selling pressure.
๐ Bullish Scenario
โข In short time frames (30m/1h), bullish momentum is observed with recovery above EMA7/25/99.
โข A close above $0.70 with increased volume could activate a bounce towards $0.75โ$0.80.
๐ฏ Professional Advice
โMonitor buying volume. If you see a bounce from โ $0.64โ$0.65 with a green candle and increasing volume, a short long could have a good reward. Place stop-loss below $0.63. However, if it falls below $0.64 on a daily close, we could see pressure towards $0.60โ$0.62.โ
๐ง Interesting Fact
The recent consolidation activates the Artificial Superintelligence Alliance, uniting Fetch.ai, SingularityNET, and Ocean Protocol, reinforcing its role in the decentralized AI ecosystem.
๐ฃ What do you think?
Do you believe that AI momentum will drive a bounce, or will the bearish pressure continue to push FET towards $0.60?
๐ฌ Share your opinion and we will share it with your community!
#MarketPullback #FETAlert #FetchAI #CryptoSwing #FETUSDT