Fetch.ai (FET) has successfully broken out of the descending trendline resistance, a key level that had been capping price action for several weeks. This breakout has been validated with a successful retest, indicating strong buyer interest and market confidence in the breakout.
Currently, $FET
is consolidating above the trendline, forming a solid base. With bullish momentum gradually building, both in volume and RSI indicators (if applicable), the price action suggests a potential continuation move.
🚀 Target in Focus: $1.50 If the current momentum sustains, a rally toward the $1.50 resistance zone looks increasingly likely in the coming weeks. Key levels to watch include minor resistances at $1.20 and $1.35, but a clean break above these could open the door for a strong bullish leg.
Support: $0.96 (trendline retest), $0.88
Resistance: $1.20, $1.35, $1.50