Support and resistance levels
Fetch.AI has reached the support level in the $0.70 to $0.74 range after a downtrend. This strong support level may play a crucial role in stabilizing the price and preventing further decline. However, there are not yet sufficient signs to confirm a trend reversal, and market reaction in this area should be closely monitored.
Support and Resistance Levels:
Support Levels:
$0.74 Level: This is a key support level, with the price currently fluctuating near it.
$0.70 Level: This lower support level may act as a backup if the $0.74 level is broken.
Resistance Levels:
$0.888 Level: This level acts as the first significant resistance, and breaking through it could indicate a return of buyer strength.
$0.948 Level: This higher resistance level, if surpassed, could further strengthen the upward trend.
FET is currently in a support zone that could act as a balance area. However, to confirm a trend reversal and the start of a new upward movement, the price needs to break through the key resistance levels at $0.888 and $0.948.
Support and Resistance Levels:
Support Levels:
$0.74 Level: This is a key support level, with the price currently fluctuating near it.
$0.70 Level: This lower support level may act as a backup if the $0.74 level is broken.
Resistance Levels:
$0.888 Level: This level acts as the first significant resistance, and breaking through it could indicate a return of buyer strength.
$0.948 Level: This higher resistance level, if surpassed, could further strengthen the upward trend.
FET is currently in a support zone that could act as a balance area. However, to confirm a trend reversal and the start of a new upward movement, the price needs to break through the key resistance levels at $0.888 and $0.948.
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