Fetch.ai (FET) Market Analysis – April 25, 2025
Current Price: $0.74
Trend: Bullish Continuation
Previous Target Achieved: $0.50 (previously shared), now moving higher.
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Current Situation:
FET has successfully conquered and is maintaining above the $0.70 resistance.
Two daily closes above $0.70 confirm strength.
As long as $0.70 holds, we expect continuation toward $1.00.
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Entry Point:
Ideal Entry: Between $0.70 and $0.74, while it holds above $0.70.
Profit Targets:
First Target: $1.00 (psychological and technical resistance).
Support Levels (for Risk Management):
Immediate Support: $0.70 (critical level to hold).
Next Support: $0.57 (neckline of previous double bottom structure).
Major Support: $0.50 (strong historical support).
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Stop Loss:
Place stop loss just below $0.68 (to avoid fakeouts).
Aggressive stop (for tight risk management): $0.69.
Conservative stop (giving room for volatility): $0.56.
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Summary:
If price holds above $0.70: Expect a move towards $1.00.
If price loses $0.70 and stays below for 2+ daily candles: Expect a pullback to $0.57 or even $0.50.