Rally

Satoshi

AI Crypto

Resistance

<p>Fetch.AI (FET) has been a standout performer in the AI sector, displaying robust bullish trends on high-time-frame charts. Following the crucial resistance break at $0.5, FET’s price surged, stabilizing around $2.3. The market dynamics suggest a complex yet promising future for FET, as examined by Sjuul from AltCryptoGems.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FET</a> has been the leading coin in the AI sector, and the high-time-frame charts speak for themselves: bullish bullish bullish.<br><br>After breaking the key resistance level of $0.5, <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FET</a> has been consistently rising, and now the price is hovering around $2.3.<br><br>What can we expect next… <a href="https://t.co/PDAfKwEeXY" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PDAfKwEeXY</a></p>— Sjuul | AltCryptoGems (@AltCryptoGems) <a href="https://twitter.com/AltCryptoGems/status/1793935354082230479?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 24, 2024</a>
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<h2 class="wp-block-heading" id="strong-fetch-ai-s-fet-technical-analysis-strong"><strong>Fetch.ai’s (FET) Technical Analysis</strong></h2>
<p>FET’s journey has been marked by milestones. After breaching the $0.5 resistance, the coin witnessed a consistent rise. However, after peaking at $3.47, FET entered a correction phase. This shift was evident on the daily charts, where the price structure turned bearish, forming lower highs.</p>
<p>Since the beginning of May, FET’s price action has shown resilience. It has reversed its downward trend, creating a series of higher lows. The formation of a large flag pattern visually represents this recovery phase. Recently, FET managed to break this flag pattern, achieving its first higher highs in months.</p>
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<h2 class="wp-block-heading" id="strong-short-term-consolidation-and-resistance-strong"><strong>Short-Term Consolidation and Resistance</strong></h2>
<p>On the 4-hour chart, FET has been in consolidation for 40 days. This phase indicates a battle between bullish and bearish forces. The supply zone remains a critical resistance point, consistently pushing the price lower. The price is currently retesting the mid-range level for the third time, which is crucial for maintaining bullish momentum.</p>
<p>For FET to continue its upward trajectory, the mid-range level must hold. If this level sustains, it could lead to breaking the resistance and initiating a new uptrend. Sjuul highlights that as long as this mid-range holds, there is potential for FET to resume its bullish path.</p>
<p>Fetch.AI’s performance underscores its prominence in the <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> sector. The coin’s ability to break through key resistance levels and form higher highs after a correction phase indicates a resilient market structure. However, the current consolidation phase and resistance challenges need to be closely monitored.</p>
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<p>The post <a href="https://captainaltcoin.com/fetch-ai-fet-price-analysis-expert-predicts-rally-for-the-ai-crypto-if-key-level-holds-heres-his-outlook/" rel="noopener noreferrer nofollow">Fetch.AI (FET) Price Analysis: Expert Predicts Rally for the AI Crypto if Key Level Holds – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Fetch.AI (FET) Price Analysis: Expert Predicts Rally for the AI Crypto if Key Level Holds – Here’s His Outlook

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