🤖 $FET /USDT Tagline: AI Sector Wakes Up – Can Fetch.ai Break the Downtrend?
Traders, all eyes on $FET$! Fetch.ai is showing the strongest reversal signs we've seen in months, backed by a huge volume spike.
The daily chart shows $FET$ is attempting a powerful turnaround after an extended downtrend.
📊 Key Technical Summary
Current Price: $\sim\$0.3295$
Recent Low: $\sim\$0.1130$ (Marking the bottom of a sharp drop).
Volume Surge: We see a massive spike in volume accompanying the recent price move, lending strong credibility to this reversal attempt.
🔑 Moving Average Crossover Watch
Reclaiming Short-Term Power: The price is now trading above the MA(7) ($0.2732$ ) and the MA(25) ($0.2630$). This is a decisive short-term bullish signal!
The Major Barrier: The ultimate resistance lies at the MA(99) ($0.5253$). This long-term average is the final hurdle to confirm the end of the macro downtrend.
Breakout Confirmation: $FET$ recently broke out of its immediate consolidation range (around the $0.20$ to $0.25$ area).
💡 Trading Outlook
Bullish Bias: The strong volume, coupled with the break above MA(7) and MA(25), suggests buyers are firmly in control in the short term.
Support: The newly reclaimed MA(25) at $0.2630$ now acts as a critical dynamic support level.
Goal: The immediate target for the bulls is to push toward the $0.40$ to $0.45$ area, and eventually challenge the long-term MA(99).
Summary: $FET$ is showing impressive strength. The market is reacting to the AI narrative. Watch for the price to consolidate above the $0.30$ level.
#HashTags
#FET #Fetchai #Aİ #ArtificialIntelligence #Crypto #Binance #TA #Trading #Altcoin $FET
