Fetch.ai (FETUSD) Price Forecast: April 1
Despite the drop in the crypto world, the FETUSD price still holds above the supply levels claiming that the bulls are much stronger in the market. The crypto remains in an uptrend despite the brief touch by the sell traders. However, the coin may experience a quick turnaround soon if the bulls can sweep the bearish forces under the rug by pushing higher. This may drive the crypto’s price to a high at the $3.500 upper resistance level, resulting in a greater potential for the coin buyers.
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)
Even at the drop downs in the crypto market, the Fetch.ai price holds above the supply levels and remains bullish on the daily chart. The crypto’s price can be sighted above the supply levels which means it’s in a bullish trend.
The bulls’ action to the $3.485 high level on the 28th of March has made the coin price hold above the supply levels in recent times.
The price drop to the $3.080 low value above the supply levels on the daily chart has no serious effect on the coin as the price remains in an uptrend. Hence, there is a possibility of the fetch.ai price turning positive to retest the $3.485 high level as it remains in an uptrend.
Additionally, if buyers eventually wrestle trend control from sellers and rebound from $3.080 support, a breakout above the trend line is needed to confirm the potential Bull Run as the coin price holds above the supply levels in its long-term outlook.
FET (USD) Medium-term Trend: Bullish (4H Chart)
Despite the interruption by the bears, the Fetch.ai price still holds above the supply levels on the medium-term chart.
The bullish reversal at the $3.258 high value in the previous action has sustained the crypto price to hold above the trend line in recent times.
Actions from the bears plummeted the FETUSD price to the $3.089 support level as the 4-hourly chart resumes today. Nevertheless, today’s price drop has still not stalled the bull run as the price remains above the supply levels and remains intact.
Additionally, should the bulls increase their pressure, the resistance level of $3.476 may not hold and it may extend to a $3.500 high level and beyond.
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