Fetch Price Prediction for Today, December 12 – FET Technical Analysis

The Fetch.ai price prediction shows that FET is starting to produce significant growth towards the upper boundary of the channel.

Fetch.ai predictive statistical data:

• Current Fetch.ai price – $0.548
• Fetch.ai market cap – $468.6 million
• Fetch.ai Circulating Supply – KRW 824 billion
• Fetch.ai total supply – 1.1 billion
• Fetch.ai CoinMarketCap Ranking – 106th

FET/USD market

Main level:

Resistance levels: $0.700, $0.750, $0.800

Support levels: $0.350, $0.300, $0.250

FET/USD is currently trading at around $0.548 as the coin is on the rise. If it breaks above the daily high of $0.576, the next target could be $0.600, which could be reached in the next positive move. Meanwhile, a violation of the current market value could lead the price straight to the $0.490 support level, and if this level is not held strongly, the price may fall below the lower boundary of the channel.

Fetch.ai Price Prediction: FET Price May Rise

The price of Fetch is hovering around $0.548. A break above the daily high of $0.576 and above the channel cap could push the market higher, reaching potential resistance levels of $0.700, $0.750 and $0.800. Meanwhile, if bears enter the market, FET/USD may move lower, and a cross below the channel could find important support levels at $0.350, $0.300, and $0.250.

FET/BTC can generate more profits

Looking at the daily chart, the price of Fetch is showing an upward trend, but has not yet recorded a significant increase beyond the 9-day and 21-day moving averages. However, buyers may apply pressure and the coin will likely rise.

In that respect, strength above the channel upper limit could push FET price up to resistance levels above 1600 SAT. Meanwhile, looking below, Fetch.ai price is likely to pull back a bit before generating further gains, but a bearish break below the lower border of the channel could push the price down to new lows below 950 SAT.

Fetch.ai Alternatives

The Fetch.ai price may see an upward trend as the coin heads towards the upper border of the channel. However, if the market continues its upward trend, the $0.600 resistance level is likely to surface. Therefore, if the bull market puts pressure, FET/USD may seek higher price levels.

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