FET climbed to $0.39 but was immediately rejected after the breakout. The $0.36 region could be the perfect entry point should selling momentum drive FET there. With November filled with AI updates, traders are bullish on FET’s price action. As altcoins continue to trend higher, ...
- FET climbed to $0.39 but was immediately rejected after the breakout.
- The $0.36 region could be the perfect entry point should selling momentum drive FET there.
- With November filled with AI updates, traders are bullish on FET’s price action.
As altcoins continue to trend higher, AI tokens like Fetch.ai (FET) have also not been left behind. Previously, Coin Edition reported how FET has been performing well, as many AI-related conferences were billed for November.
FET continued to build upon its initial hike. For instance, FET broke out of the $0.36 consolidation area on November 6. This breakout resulted in an 8% increase as the price hit $0.39 on the same day. However, its price at $0.39 was short-lived today, and an attempt to retest the zone was met with resistance, pushing the token price down to $0.38.
However, Caleb Franzen, trader and founder of Cubic Analytics, opined that FET was still bullish. Before his latest post on X (formerly Twitter), Franzen had also projected a breakout for FET on November 6.
The post Fetch.ai (FET) Price Analysis: Why $0.50 Could Be On the Radar appeared first on Coin Edition.