Change

Fetch.AI (FET) has recently caught the attention of many traders and analysts due to the recent price surge. 
Observing the recent price movements, there’s a notable emphasis on the 78.6% retracement level. This level is often seen as a pivotal point for potential price reversals. If FET manages to sustain its position above this level, it could signal a positive trend for the cryptocurrency. 
On the other hand, if Fetch.AI doesn’t turn around at this level, it might make new local lows. 
However, it’s essential to approach this with a degree of caution. The current market conditions, especially for altcoins, are not particularly favorable. While some cryptocurrencies are breaking out from their support zones, the overall sentiment remains mixed. 
<figure class="wp-block-image size-large"> <a href="https://captainaltcoin.com/go/coinstats-3/" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" width="1024" height="699" src="https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-1024x699.png" alt="" class="wp-image-313097" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-1024x699.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-1536x1048.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-2048x1397.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-513x350.png 513w, https://captainaltcoin.com/wp-content/uploads/2023/08/ETH-CHART-17-788x537.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"></a> 
</figure> 
Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats</a> 
For those keenly observing Fetch.AI, two potential target levels have emerged: $0.25 and $0.272. These levels could serve as critical resistance points in the short term. Furthermore, a closer look at the price patterns suggests the need for a five-wave movement to confirm a sustained upward trend. 
Recent Data: Fetch.AI (FET): 
<ul> 
 <li>Current Price: $0.2319</li> 
 <li>Price Change (24h): 13.16% increase</li> 
 <li>Market Cap: $189,666,569 (Ranked #147)</li> 
 <li>24h Trading Volume: $86,574,624</li> 
 <li>Circulating Supply: 820,912,676 FET</li> 
 <li>Total Supply: 1,152,997,575 FET</li> 
</ul> 
In conclusion, while Fetch.AI shows promise, it’s crucial for traders and investors to remain vigilant. The cryptocurrency market is known for its volatility, and while technical analysis provides valuable insights, external factors can significantly influence price movements. As always, thorough research and risk management are key to navigating the crypto landscape. 
The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/fetch-ai-fet-price-surges-past-pivotal-point-but-theres-a-catch/">Fetch.AI (FET) Price Surges Past Pivotal Point, But There’s a Catch</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.

Fetch.AI (FET) Price Surges Past Pivotal Point, But There’s a Catch

CaptainAltcoin

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