Fetch.ai ($FET) recently reached an all-time high after breaching the consolidation phase.
On the weekly chart, the price formed five bullish candles before consolidating within a range, and today it broke out of the previous trend.
Despite facing multiple rejections, $FET breached a significant barrier today, indicating a potential continuation of its upward trend.
During the recent correction, FET price exhibited a bullish flag pattern, which typically allows buyers to regain strength.
The price of #Fetch.ai has been steadily increasing over the past four days, culminating in a new all-time high of $3.23.
Over the last seven days, #Fetch.ai has provided nearly a 500% return.
The rising price has surpassed the pattern's resistance trendline, boosting Fetch.ai's momentum towards the ambitious $5 target, aligning with the 1.618 Fibonacci level.
Alternatively, a bearish reversal could lead to a price decline towards its low of $2.00.
According to Coingabbar Prediction, Fetch.AI prediction 2030 is estimated to be worth around $20, while Fetch.AI prediction 2040 suggests a projected value of $50.
KEY LEVELS :
RESISTANCE LEVEL : $5.0000-$8.0000
SUPPORT LEVEL : $1.9000-$0.8000
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