FET Price Prediction: What’s Next After a 30 Percent Increase in Just Three Days
“`html
Journalist
Posted:
- FET has successfully broken a critical long-term trendline resistance.
- Nonetheless, increasing bearish positions could threaten the ongoing recovery.
The Artificial Superintelligence Alliance (
FET
) has emerged as a leader in this week’s recovery rally, with the AI token experiencing a nearly 30% increase from $1.05 on September 8 to a peak of $1.30 by September 10.
This surge enabled the AI token to surpass an important long-term trendline resistance. The key question remains: will this rally persist?
Source: TradingView, FET/USDT
The preceding rallies for FET faced resistance around the $1.50 mark. Current daily price chart indicators imply that an uptrend may remain viable even if any potential price rejections cannot be countered.
Diving deeper into market sentiment, demand remains robust as indicated by RSI’s above-average readings; it still indicates no overbought conditions suggesting more room for growth ahead.
p >
Given the current bullish market structure, further upward movement could yield returns of up to 23%, or potentially as high as 55% if prices reach either $1.59 or breach into supply zones around $2. span >
p >
It’s worth noting that Stochastic RSI is nearing overbought territory triggering mixed signals and caution for short-term traders; furthermore,bearish scenarios become relevant should prices drop below $1 .3.
If such decline occurs , it might impact daily bullish order blocks (OBs) alongside support zones ranging between$1 .05 -$1 .12. span >
p >
Assessing FET’s rating and overall sentiment.
Source : Santiment .
Unfortunately , investors who acquired FET tokens in previous three to six months experience substantial losses .
Over both90 days and180 days , MVRV(Market Realized Value ) readings indicate unrealized investor losses profound at72 %and79 %, respectively .
Notably , despite current values reflecting relative undervaluation for this AI asset class ;
Potential participants looking enter market landscape should keep tracking whale transaction activity through recent data indicating primary influence came from big trades back during surge period.
Furthermore,
On6thSeptember,FETSaw trading volumes reaching56 .14millionwith11 %growth noted! color '>‘
(After punctuations)regarding future projections
=>See hereArtificial Superintelligence Alliance’s [FET]targeted pricing update encompassing years2024-2025*
(Features predictions based)
Additionally,the derivatives marketplace has seen uptick patterns showcasing higher instances amid bearish sentiments we reflect in active trades;
As applicable while drafting these updates,fifty-two percent(52%)of position volumes entail shorts on mentioned cryptocurrency purchasing expectations signifying desire closures pertaining@announcedupswing progress!
/>
Disclaimer>“docs logo one sec…”>> “
*taking everything factored carefully drawn conclusions indicate potentially drawn back resistances relative assessments(trend analysis)/}& spaces prone attenuate momentary motions before predicted rebounds expected take place soon ! ”
“`
