Fetch.ai (FET) Prepares to Break into the Bull’s Region of the Market

Trading activities in the Fetch.ai market started gaining upside traction four trading sessions ago, but with minimal intensity. However, yesterday’s trading session saw this market rise above a physiological price mark. And since then, price action has continued to correct towards the upside. Can more be expected from this market?

Fetch.ai Statistics:
Fetch.ai Value Now: $0.2320
FET Market Cap: $186,373,807
FET Circulating Supply: 820,912,676 FET
Fetch.ai Total Supply: 1,152,997,575 FET
FET CoinMarketCap Ranking: 149

Major Price Levels:
Top: $0.2320, $0.2420, and $0.2530
Base: $0.2300, $0.2200, and $0.2100

Fetch.ai Buyers May Record More Upside Profits

Price action in the Fetch.ai 24-hour market has continued on its upside path following a stronger upside correction that occurred in the previous trading session. At this point, the price movement has just pipped above the 78.60 Fibonacci Retracement level. By implication, this signals that price action may commence trading in the bullish region of the market. Additionally, trading activity has been occurring above the 9- and 21-day Simple Moving Average curves. Meanwhile, the Relative Strength indicator curves continue to rise into the overbought region. Therefore, it appears that more may be expected from this market.

Upside Hopes in the FETUSDT Market Continue to Brighten

The FETUSDT 4-hour market seems to be effectively communicating that upside momentum in this market is strengthening. Trading activities from five sessions ago brought this market above the 9- and 21-day SMA lines. And since then, trading activities have continued to occur above this important mark. The current session has vigorously advanced the upside correction, going by the appearance of the price candle that represents it. At the same time, the RSI indicator curves seem to be approaching a bullish crossover above level 80 of the indicator. Consequently, it seems reasonable to anticipate an extension of this upside correction towards the $0.2400 mark.

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