- FET’s price has risen 6.57% over the last 24 hours according to CoinMarketCap.
- The altcoin’s price may retrace back down to $0.1889 in the coming weeks.
- Weekly technical indicators for FET are still flagging bullish.
ហ្វីតសៃ (ហ្វត) saw its price rise over the last 24 hours according to the crypto market tracking website, CoinMarketCap. At press time, FET’s price is up 6.57% over the last 24 hours. As a result, FET is changing hands at around $0.241.
In addition to strengthening against the U.S. Dollar, FET has also strengthened against the two crypto market leaders, Bitcoin (BTC) និង Ethereum (ETH)4.71% និង 3.84% រៀងគ្នា។
Trading volume for the altcoin has, however, dropped over the last 24 hours. At press time, the total daily trading volume for FET stands at $76,340,229, which is 17.22% lower than yesterday.
The price of FET has flipped the weekly resistance level at $0.1889 into support and attempted to do the same with the next resistance level at $0.2604. Unfortunately, this attempt was rejected over the last 2 weeks.
The 9-week EMA line is still positioned above the 20-week EMA line, which suggests that there is still some bullish support present for the altcoin. The recent rejection from the $0.2604 level may see FET’s price retrace back to $0.1889 before entering into an upward move to break the $0.2604 resistance.
This bullish thesis is supported by the weekly RSI indicator as well. Currently, the weekly RSI is positioned above the weekly RSI SMA line. In addition to this, the weekly RSI line is sloped positively toward the overbought territory.
On the other hand, if the support level at $0.1889 fails to hold, then FET’s price could drop to a low of $0.1020 – the next closest weekly support level.
ការមិនទទួលខុសត្រូវ: ទស្សនៈ និងមតិ ក៏ដូចជាព័ត៌មានទាំងអស់ដែលបានចែករំលែកនៅក្នុងការទស្សន៍ទាយតម្លៃនេះត្រូវបានបោះពុម្ពផ្សាយដោយស្មោះត្រង់។ អ្នកអានត្រូវតែធ្វើការស្រាវជ្រាវ និងឧស្សាហ៍ព្យាយាម។ សកម្មភាពណាមួយដែលធ្វើឡើងដោយអ្នកអាន គឺស្ថិតក្នុងហានិភ័យផ្ទាល់ខ្លួន។ Coin Edition និងសាខារបស់វានឹងមិនទទួលខុសត្រូវចំពោះការខូចខាត ឬការបាត់បង់ដោយផ្ទាល់ ឬដោយប្រយោល។
Source: https://coinedition.com/fetch-ai-fet-posts-6-57-gains-over-the-last-24-hours/