FET Teeters At Trendline: Will A Breakout Fuel A Run To $1.86?

Quick Summary:

Also, on the 1-day chart,  FET is gaining upward momentum as it targets a breakout above the bearish trendline, aiming to reach the 100-day Simple Moving Average (SMA).

Analyzing FET’s Current Price Action On the 4-hour chart, despite trading below the 100-day SMA, FET is showing promising momentum, attempting to move above the trendline.

By examining key technical indicators and market sentiment, we seek to determine whether FET has the potential to break through resistance and ignite a rally toward the $1.86 level, or if the bears will continue to dominate, keeping the price subdued.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: Relative Strength Index Fet RSI Fetch AI (FET) SMA FETUSDT FETUSD Simple Moving Average Fetch.ai

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 11:30:28 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22424114

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 3 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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