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Fetch.ai Soars Over 23% in a Bullish Uptrend on the Daily Chart

Published 02/06/2023, 07:19 AM
Updated 02/06/2023, 07:30 AM
Fetch.ai Soars Over 23% in a Bullish Uptrend on the Daily Chart
FET/USD
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  • Fetch.ai price analysis shows a firm uptrend.

  • FET/USD is facing resistance at the $0.4717 level.

  • A bullish pattern is forming on the daily chart.

The FET/USD pair has been on a massive uptrend in recent days, with bulls pushing the price up by over 23%. The bullish momentum began after touching a low of $0.3550 and reaching a high of $0.4717 so far. At the time of writing, FET is trading at $0.4279, up by over 25% in the last week.

A look at the daily chart shows that a bullish pattern is forming and the price is facing resistance at the $0.4717 level. Further, it appears that bulls are holding their grip on FET as there have been higher highs and higher lows, with volume beginning to rise as well.

The FET/USD pair has seen an increase in trading volume as well. According to CoinGecko, the 24-hour trading volume of FET is currently at $446,288,837, up by nearly 287.17% in the last seven days. The surge in volume could indicate that more traders are entering the market, with bulls likely being in control of the current situation.

Fetch FET price action: Coinmarketcap

It is also worth noting that FET’s market capitalization has risen to $350,377,06…

The post Fetch.ai Soars Over 23% in a Bullish Uptrend on the Daily Chart appeared first on Coin Edition.

See original on CoinEdition

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