CoinDCX Lists a New Future Trading Pair: FET/USDT – Trade Now!

Key Takeaways

• Fetch.ai, the popular AI-based token, has triggered a decent upswing after remaining under an acute bearish trend for a pretty long time.
• As the Bitcoin price remains stuck around $30,500, the FET price is also hovering just below the crucial resistance.
• The price is heading toward crucial resistance, which may trigger a giant upswing in achieving these levels.

FET/USDT Price Analysis

Source: Tradingview

• The Fetch.ai price is trading within a decisive symmetrical triangle and is very close to the apex of the consolidation.
• The price may face minor bearish action in the next few days but may quickly trigger a rebound from the lower support of the triangle.
• This rebound may enable the price to surge above the triangle and achieve levels within the upper resistance zone between $0.29 and $0.30
• Interestingly, the 200-D MA levels also coincide along these levels, which makes the area around $0.3 extremely important to clear.
• Besides, the RSI is rising and is on the way to reaching upper resistance, which may help the price keep up the bullish momentum.
• Therefore, although a minor pullback is on the horizon, the price may still achieve the interim resistance at $0.3 very soon.

Read More: CoinDCX Lists New Futures Trading Pair: FLM/USDT

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Fetch.AI 2023 Price Prediction

After the 2022 bear market, the FET price underwent a parabolic rebound in the beginning of 2023 to regain the levels it traded at in January 2022. Unfortunately, the bulls failed to hold the rally above the resistance, which caused a huge plunge of over 55% from yearly highs. Recently, the price has sparked a minor upswing and is believed to sustain above the gained levels. The second half of 2023 is speculated to be more bullish, which may assist the price to regain $0.5 initially and find new highs before the end. 

Additional Read: CoinDCX Lists New Futures Trading Pair: STX/USDT

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