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The post <a href="https://coinpedia.org/price-analysis/fet-price-will-fetch-ai-price-skyrocket-to-1-55-or-crash-below-1-00/" rel="noopener noreferrer nofollow">FET Price: Will Fetch.AI Price Skyrocket to $1.55 or Crash Below $1.00?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As Bitcoin holds the $59K mark, the minor stability in the broader market puts the AI token on a bullish path. Despite last week’s failed attempt, the FET price regained bullish momentum and is expected to continue with an uptrend next month. Will the uptrend in Fetch.AI surpass $1.50?
<h2 class="wp-block-heading" id="h-fet-price-performance-nbsp">FET Price Performance&nbsp;</h2>
With a bullish failure to sustain the Falling Channel breakout rally, the FET price takes a bearish reversal from the 200-day EMA. The bearish turnaround accounts for four consecutive bearish candles and declines the market cap of the AI token by 17.62%.&nbsp;&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcop5fkGvzjSsJ8x0p1VUZ0ElJO6OJlR84hA5W98rxocSnX-o0AVkPCx6Ojwe0mY9CiSVxpk9XNfdc1qhL81zyoisunsS8LAMz_MabvQ35nyMFcEBeRUBXg87vM8PN-i2mNFZM6C6WW_ShFXT8jaoHR49RI?key=k41gmUZw1nkYhIE-sHI2kA" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/x/d0NGpSdd/" rel="noopener noreferrer nofollow">Tradingview</a>
 </figcaption>
</figure>
However, the bullish dominance at the 23.60% Fibonacci level in confluence with the 50-day EMA holds the downfall. The FET price took a bullish reversal with a 6.50% jump yesterday but failed to sustain the momentum.&nbsp;
Currently, the FET price shows a 1.14% intraday pullback and is currently trading at $1.1824. The ongoing brawl at the 23.60% Fibonacci level, 50-day EMA, and the broken trend line represent the crossroads at which FET is stuck.&nbsp;
Technical indicators:
RSI: The daily RSI line shows a bullish trend in motion, but the recent pullback from the overbought boundary tests the 14-day SMA line. The overall sentiment remains bullish while maintaining a position above the halfway line at 55%.&nbsp;
EMA: The daily exponential average lines 50-day and 200-day EMA enter a sideways trend after the recent death cross, leading to a potential consolidation range between the two dynamic average lines.&nbsp;
<h2 class="wp-block-heading" id="h-will-fet-price-hit-1-55">Will FET Price Hit $1.55?</h2>
A bullish breakout of any of the average lines will determine the upcoming trend in FET’s AI. A bullish breakout of the 38.20% Fibonacci level at $1.55 can put the $1.88 and $2.20 or the 50% and 61.80% levels as potential bullish targets.&nbsp;
On the flip side, a bearish breakdown continuation under the $1.15 mark will test the $1.001 psychological mark and the $0.80 support level.

FET Price: Will Fetch.AI Price Skyrocket to $1.55 or Crash Below $1.00?

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