#Fetch.ai ($FET) surged over 4000% from the beginning of 2023 to March 2024.
In March, the price peaked at $3.48 but faced resistance, resulting in a notable 50% decline within two weeks.
Despite reaching new highs earlier in March, resistance in the last week of the month led to a bearish trend throughout April.
Currently, the token is consolidating within a narrow range of a descending triangle, with a strong support zone.
Recent price action showed a breach above the Bollinger average bands, suggesting a potential move towards the upper resistance of the band above the triangle.
There's a chance of consolidation followed by a bullish breakout, possibly leading to a new all-time high in the upcoming week.
Conversely, a breach below the $2 mark, sustained over time, might prompt profit booking from sellers, resulting in significant selling pressure.
According to Coingabbar Prediction, Fetch.AI Price Prediction 2040 is expected to be approximately $100.
KEY LEVELS :
RESISTANCE LEVEL : $2.9000-$3.5000
SUPPORT LEVEL : $1.8500-$1.3500
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