During the European session today, the Fetch.ai price prediction begins a progressive movement as the price increases slightly.
Fetch.ai Prediction Statistics Data:
- Fetch.ai price now – $0.147
- Fetch.ai market cap – $95.4 million
- Fetch.ai circulating supply – 818.9 million
- Fetch.ai total supply – 1.1 billion
- Fetch.ai Coinmarketcap ranking – #170
Resistance levels: $0.22, $0.24, $0.26
Support levels: $0.09, $0.07, $0.05
FET/USD bulls have been attempting to move above the upper boundary of the channel. The $0.13 support level is the critical support where the price touched today. Meanwhile, the Fetch.ai price has earlier trades around this level before making an upward movement and this makes the support level a strong support zone.
Fetch.ai Price Prediction: Can Fetch.ai Move to the Upside?
The Fetch.ai price is likely to create additional gains if the bulls could defend the support level of $0.135 level; the coin may continue its upward movement by breaking above the 9-day and 21-day moving averages after touching the daily high at $0.172. Therefore, any further bullish movement above the upper boundary of the channel could hit the potential resistance levels of $0.22, $0.24, and $0.26.
However, as revealed by the daily chart, the current prediction may be invalidated if the bears break below the $0.13 level, and the Fetch.ai price could fall to the support levels of $0.09, $0.07, and $0.05. Meanwhile, the technical indicator Relative Strength Index (14) is hovering around the 70-level; suggesting more bullish signals in the market.
Against Bitcoin, the Fetch.ai price is currently trading above the 9-day and 21-day moving averages. However, the red line of the 9-day moving average may likely stay above the green line of the 21-day moving average to touch the nearest resistance of 1000 SAT.
Therefore, if the buyers could push the price above the mentioned resistance, higher resistance lies at 1200 and above. Moreover, should the bulls fail to move it upward, then, the nearest support level could be located at 600 SAT and below. The technical indicator Relative Strength Index (14) is likely to cross above the 70-level, which indicates that buyers could dominate the market.
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- Source: https://insidebitcoins.com/news/fetch-ai-price-prediction-for-today-january-9-fet-usd-resumes-upward-as-price-touches-0-172-level