#FetchAI
#CryptoMarket
#Cryptocurrency
#Altcoin
#BullishMarket
#CryptoTrading
#CryptoNews
#CryptoAnalysis
Fetch.ai (FET) saw a price surge of approximately 25% yesterday, setting a new yearly high of $0.62 before slightly retreating. Regardless of the minor dip, the price remains above an important horizontal line, sparking speculation as to whether there will be a bounce or a breakdown. The rally began after a low point of $0.16 in August and has increased considerably since then with no major retracements.
The altcoin made significant strides yesterday and reached a yearly high today. Despite this high, it fell below $0.60 afterward. Traders are now using the Relative Strength Index (RSI) as a momentum indicator to determine whether they should accumulate or sell. If the RSI is above 50 and the trend is upward, it suggests an advantage for the bulls. However, if it’s below 50, the opposite is true. Crypto analysts predict a more upward trend and there are suggestions that the price may increase to the next resistance at $1.
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