Fetch.AI Price Prediction: Rally Shows No Signs of Cooling

FET and AGIX lead as AI tokens regain bullish momentum

• #Fetch.ai saw a major price surge in early March reaching $3.48 before declining sharply by over 68% to around $1.10.

• After this steep drop, it has shown signs of rebounding, suggesting potential for price recovery soon.

• Currently, $FET is trading within a descending parallel channel pattern on the charts. It recently bounced after breaking below the lower channel support.

• Short-term moving averages 20 and 50 indicate some upside momentum, with the price trading above these averages.

• According to Coingabbar Prediction, For bullish continuation, $FET needs to break out above the $1.76 resistance level and the descending channel.

• If it can clear $1.76 and exit the channel, there could be speculation of a move towards $2 or higher by the end of the month.

• Conversely, failure to break $1.76 and increased selling pressure could push FET down towards critical $1 support by month-end.

KEY LEVELS :

RESISTANCE LEVEL : $2.000-$2.750

SUPPORT LEVEL : $1.100-$0.500

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.