The post Fetch.ai (FET) Rallied Over 100% This Week; What’s Cooking in It? appeared on BitcoinEthereumNews.com.

The FET coin displayed a golden crossover and registered a rally, which led to a curse for the bears who had made short positions. The coin has registered a sharp bullish rally, and a rebound from the 20-day EMA support mark led to a surge of over 100% this week. Following the market surge, Fetch. Ai was one of the top gainers who acquired investors’ interest and replicated cues of institutional buying activity. The coin has climbed sharply above the key moving averages and reached the top above $0.9000. Additionally, the bulls intend to sustain above the round mark of $1 to claim shortly and will continue to stretch the rally. Amid the higher highs, profit booking may be activated anytime, and investors need to keep an eye on the $0.9400 mark. Until the mark is not breached, the rally will continue. The Fetch. Ai coin (FET) price was $0.9862 at press time, with an intraday gain of 4.28%, showing bullishness on the charts. Moreover, the trading volume increased by 44.89% to $343.83 Million. The pair of FET/BTC is at 0.0000192 BTC, and the market cap is $2.09 Billion. Analysts are bullish and suggest that the Fetch.Ai (FET) coin price will continue to rise and may sustain above the round mark of $1 soon. FET Witnessed Buyer Accumulation On Daily TimeFrame Source: FET Price Chart By TradingView On the daily timeframe, the coin witnessed a massive rebound from the 50-day EMA mark and noted a golden crossover, resulting in a tremendous rally. The mighty bear cartel is trapped, has covered their positions because of the sharp rally, and is staying on the backfoot.  The Relative Strength Index (RSI) curve is in the overbought zone and delivers a retracement in the last sessions. Similarly, the MACD indicator shows a bullish crossover,…

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Filed under: News - @ February 21, 2024 4:22 pm