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Fetch.ai (FETUSD) Looks for an Upside Reversal

Johnathon Fox
03/30/2024 | UPDATED ON: 03/30/2024

Fetch.ai (FETUSD) Price Forecast: March 30
The Fetch.ai pair looks for an upside reversal at the moment following the intervention of the sell traders on the coin market. The crypto remains in an uptrend despite the brief touch by the sell traders. The cryptocurrency may turn positive and face the upside if the bulls increase their buying pressure, this may further extend the coin price to a $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 remains bullish and still looks for an upside reversal on the daily chart. The crypto’s price which is in red is trading above the supply level.
Fetch.ai (FETUSD) Looks for an Upside Reversal
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 bears challenged the bulls and dropped the price of FETUSD down to a $3.166 low value above the supply levels. This suggests an uptrend while the coin looks for an upside reversal.

Staying above the supply levels gives the Fetch.ai price the tendency to swing upsides and this may lead to the retest of the previous high of $3.485 level.

Furthermore, with sustained buying, the price may look for an upside reversal to hit the $3.500 supply strength and set the potential for further growth 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.
Fetch.ai (FETUSD) Looks for an Upside Reversal
Pressure from the bulls at the $3.476 high value in the previous action has sustained its upward stability in its recent high.

The drop in the price of FETUSD to the $3.223 low value as the 4-hour chart commenced today has no serious effect on the market as the price remains in an uptrend.

Trading above the moving averages will enable the market value of FETUSD to look for an upside reversal and keep pushing up.

With sustained buying the coin price is likely to reverse at the mentioned support and retest the high accumulation zone of $3.476, which would enable the crypto’s bullish pattern to continue.

Hence, Fetch.ai’s price may look for an upside reversal and 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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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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