Million

Billion

Artificial Superintelligence Alliance

<ul class="list-ic vertical"> 
 <li> 1 <a>FET/USD was consolidating near a demand zone.</a> </li> 
 <li> 2 <a>The RSI and SMA line produced a positive divergence, indicating a bullish reversal might be on the horizon.</a> </li> 
</ul> 
The Fetch.ai crypto chart was a mixed bag last week. The crypto started the week on a positive note, however, suffered rejection and lost most of those gains made over the week. At the time of writing, FET was exchanging hands at $1.40, highlighting a notable 4.47% rise intraday.&nbsp; 
The short term trend outlook is neutral to bearish. However, the price is still above the strong demand zone of $1.1, from where the price rebounded. The daily chart indicates a possible short-term consolidation as the price was range-bound with support at $1.1 and resistance at $1.77. 
<h2 class="wp-block-heading" id="strong-fetch-ai-crypto-volume-and-volatility-analysis-strong">Fetch.ai Crypto Volume And Volatility Analysis</h2> 
The long term trend outlook points to a declining trend since mid May. Fetch.ai price dropped nearly 60.53% from its all time high value of $3.47, which was recorded in the last week of March.&nbsp; <iframe loading="lazy" title="Santiment Chart: Price (FET), Volume (FET), Price (FET) MA(50), Price (FET) MA(200)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=fetch&amp;pt=FET&amp;df=2024-03-29T18%3A30%3A01.029Z&amp;dt=2024-06-30T18%3A29%3A59.029Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd%3B%5B2%3Bprice_usd%3BMA50%5D%3B%5B2%3Bprice_usd%3BMA200%5D&amp;wax=0%3B1&amp;wc=%2333bd5d%3B%23D2D6E7%3B%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%3B%3B" scrolling="no"></iframe> 
The volume analysis shows that the volume inflow has dropped by 28.4% as compared to the previous and was at $110.57 Million. It has a live market capitalization of $1.187 Billion and ranks 64th in the <a href="https://www.thecoinrepublic.com/2023/01/01/top-five-memecoins-in-cryptoverse-by-market-capitalization/" target="_blank" rel="noreferrer noopener">cryptoverse</a>.&nbsp; 
Moreover, the volume to market cap ratio at 8.75% signals mild volatility. FET has a total supply of 2.63 Billion tokens, out of which 848.19 Million tokens are in circulation. 
<h3 class="wp-block-heading" id="strong-fetch-ai-crypto-technical-analysis-strong">Fetch.ai Crypto Technical Analysis</h3> 
FET was hovering below the 20, 50 and 200 day EMAs, suggesting that the short term trend is bearish. Recently, the price attempted a recovery, however, it ended up consolidating at the 50 day EMA, indicating a bearish continuation.  
<a href="https://in.tradingview.com/chart/FETUSD/8cCFC7fW-Fetch-ai-Crypto-A-Rebound-on-the-Horizon-or-a-Persistent-Slump/"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a>&nbsp; <a href="https://in.tradingview.com/"> </a>  
At the time of writing, the RSI line was close to 41.58 points and that of the 14 day SMA line was close to 40.39 points. It was headed towards the mean line, indicating improvement in the sentiment. Moreover, a positive divergence between the RSI and SMA line was also observed, which is a bearish signal. 
<h3 class="wp-block-heading" id="strong-conclusion-strong">Conclusion</h3> 
Fetch.ai (FET) experienced a volatile one last week, starting strong, then facing resistance that wiped out early gains. At the time of writing, FET price was $1.40, recording 4.47% rise intraday. The short-term outlook was neutral to bearish, with the price hovering above the $1.1 demand zone.&nbsp; 
The technical indicators suggest a bearish trend, as FET had spent some time under the 20, 50, and 200-day EMAs. Despite a recent recovery attempt, the token couldn’t pass the resistance level at the 50-day EMA. The RSI and SMA lines hint at improving sentiments, suggesting potential for a bullish continuation. 
<h4 class="wp-block-heading">Disclaimer</h4> 
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Fetch.ai Crypto: A Rebound On The Horizon Or A Persistent Slump?

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