09 Sep Fetch.ai Price Prediction 2021 – Will FET Hit $0.9 Soon?
Fetch.ai (FET) is a fairly new project, having launched in late 2017. The coin was created by a decentralized group of developers, who aim to build a decentralized platform for the smart contracts ecosystem. The platform, called Fetch, will enable smart contracts to interact with the real world. And to make this possible, the team will employ artificial intelligence, which will understand the situation in real time. It’s a promising project, but the team hasn’t revealed much about their roadmap or how they intend to use the funds.
The purpose of this article is to provide a Fetch.AI price prediction from the end of this year till 2021. In this article I will discuss the following points: Will FET hit $0.9 soon? Will FET cross the $1 mark soon? Will FET reach the $1.30 mark soon? Will FET reach $1.50 mark soon? Will FET reach $1.70 mark soon? Will FET reach $1.90 mark soon? Will FET reach $2 mark soon? If you would like to read the rest of this article, please click on the link below.
Fetch.ai is a decentralized information database, which was created to store metadata. It consists of a blockchain-based database, which stores information about different objects. This database will be used to store such metadata such as object’s name, description, etc. The database is most commonly used to store user’s information such as mail addresses, phone numbers, etc. Fetch.ai has been designed to be highly secure and most importantly, the database is decentralized and has no single point of failure.. Read more about aave price prediction 2021 and let us know what you think.
- The range of bullish FET price predictions is $0.46 to $0.88.
- The price of FET may potentially approach $0.9 in the near future.
- For 2021, the FET pessimistic market price forecast is $0.18.
We utilize data, price trends, ADX, and other information about FET to evaluate the cryptocurrency’s future movement in Fetch.ai (FET) price forecast 2021.
Fetch.ai is an Internet of Things (IoT) platform that links devices and algorithms so that they may learn together. FET offers smart contract capabilities, machine learning and artificial intelligence solutions, and decentralized issue resolution based on a high-throughput sharded ledger. These open source tools are intended to aid users in the development of ecosystem infrastructure and the deployment of business models.
At the time of writing, the Fetch.ai (FET) price is $0.41, with a 24-hour trading volume of $43,246,607, according to CoinGecko. FET, on the other hand, has risen by 0.7 percent in the past 24 hours.
Furthermore, there are 688,117,804 FET in circulation. FET is currently traded on Binance, HitBTC, Gate.io, Coinbase Exchange, and KuCoin, among other cryptocurrency exchanges.
Price Prediction for Fetch.ai (FET) in 2021
Fetch.ai (FET) is currently ranked 163rd on CoinGecko. The price of FET in 2021 is forecasted using a daily time period, as shown below.
Daily Time Frame FET/USDT Price Chart (Source: TradingView)
During downtrends, the descending triangle is most frequently observed and regarded as a negative indicator. In the descending triangle pattern, the rising triangle pattern is reversed.
Descending triangles signal to investors and traders that selling are more aggressive than buyers as the market continues to reach lower highs. The pattern is complete when the price breaks out of the triangle in the direction of the general trend.
It is possible for the descending triangle to be bullish or bearish. A bearish chart pattern that is formed by a consistent descending triangle formation. On the other side, a descending triangle pattern may be bullish.
If the bullish trend continues, the FET may hit $0.88 on the daily time frame chart. Otherwise, if the FET price breaks through the $0.45 resistance level, it will fall to the next support level at $0.15. As a result, the FET’s trend is dependent on the breakout.
Support and Resistance Levels for Fetch.ai (FET)
The chart below depicts FET’s support and resistance levels.
Support and Resistance Levels for FET/USDT (Source: TradingView)
The following are the resistance and support levels of FET, as seen in the above daily time frame.
- $0.46 is the first level of resistance.
- $0.71 is the second level of resistance.
- $0.9 is the third level of resistance.
- Level 1 Support – $0.34
- Level 2 Support – $0.18
FET has been on a bullish trend for the last month, according to the charts. If the current trend continues, FET may join the bulls and break over the $0.9 barrier mark.
In the event that investors turn against cryptocurrency, the price of FET may drop to nearly $0.18, indicating a negative indication.
Average Directional Index of Fetch.ai (FET) (ADX)
Let’s take a look at FET’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders use to assess the strength of a trend rather than its direction. It may be used to see whether the market is shifting or if a new trend is beginning. It’s linked to the Directional Movement Index (DMI) and consists mostly of the ADX line.
The oscillator has a range of 0 to 100. A strong trend is indicated by a high value, whereas a weak trend is shown by a low value. It is often used in conjunction with directional indicators.
ADX FET/USDT (Source: TradingView)
The ADX of FET remains above the range of 46.36 in the chart above, indicating a strong trend.
The FET is one of the cryptos that has managed to hold its ground in a negative market. Our long-term FET price forecast for 2021 is also optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $0.86. However, this will only happen if it overcomes a number of previous psychological barriers.
Furthermore, the FET ecosystem may have a bright future ahead of it in 2021, thanks to continuous advancements and enhancements. It may soon hit $0.7 and even higher levels, but it is more likely to reach $0.9 if investors believe FET is a solid investment in 2021.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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