Fetch.ai (FETUSD) Price Forecast: March 29
The Fetch.ai buying time is now and the bullish pattern may continue as the price is currently running a bullish race. The cryptocurrency is facing high pressure from the bulls. Further, if the coin prices sustain above the current correction phase at the $3.408 supply value, the bulls’ trend would continue upward and might hit the $3.500 upper high level.
Key Levels:
Resistance Levels: $3.100, $3.200, $3.300
Support Levels: $2.000, $1.900, $1.800
FET (USD) Long-term Trend: Bullish (Daily Chart)
Fetch.ai turns positive today. The crypto’s bullish pattern may continue as we can see the pair facing the upper resistance area, which indicates that the price is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buy trader and signifies a buy signal.
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.
As the daily chart resumes today, the bullish pattern continues to a $3.408 higher value above the moving average as the bulls are attempting to extend the bullish rise with persistent buying.
Any more attempts by the bulls to swing above the current price at the $3.408 level would refute any more negative theories.
Furthermore, the FETUSD bullish momentum may continue as suggested by the daily stochastic which remains in an uptrend. It is expected that buyers to push the price of FETCH.ai further up to a significant level and in this case, the target might be the $3.500 supply level in the higher time frame.
FET (USD) Medium-term Trend: Bullish (4H Chart)
Despite the interruption by the bears, the Fetch.ai price on the medium-term chart is above the moving averages and has confirmed a bullish momentum.
Pressure from the bulls at the $3.280 high value in the previous action has sustained its upward stability in its recent high.
The drop in the price of FETUSD to the $3.254 low value as the 4-hour chart commenced today has no serious effect on the market as the price remains in an uptrend.
With sustained buying the coin price is likely to plunge higher and retest the high accumulation zone of $3.483, which would enable the crypto’s bullish pattern to continue.
Hence, Fetch.ai’s price may likely continue its bullish pattern if the bulls can wrestle with the bears at the mentioned support.
This will make the coin price turn positive and hit the $3.500 upper resistance level in the days ahead in its medium-term time frame.
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