FET Price Gains Momentum After Rebounding from $0.452 Support Level
Fetch.AI (FET) has rebounded from the $0.452 support level, gaining momentum and driving prices higher as buying pressure increases. Key points include:
- FET's recovery follows a strong bounce off the $0.452 level, indicating solid demand.
- Technical indicators suggest potential for further price gains if upward momentum continues.
- Trading volume has increased, reflecting growing trader interest and participation.
- A breakout above the 4-hour Simple Moving Average (SMA) could signal a shift in market sentiment.
Price targets for FET include:
- The first major target is around the $0.80 psychological barrier.
- A successful break above $0.80 may lead to a move towards $1.09, previously noted resistance.
- Failure to clear these resistance levels may result in a pullback to the $0.452 support or lower to $0.057.
