Fetch [FET] hits the obstacle at 61.8% Fib level – Are more gains unlikely?

Suzuki Shillsalot
Suzuki Shillsalot

16 Mar 2023 2:30 AM

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion FET hit a key price rejection level  Bulls can be hopeful because of rising Mean Coin Age and favorable sentiment  Fetch [FET] oscillated around $0.371 – $0.490 over the last few days before breaking […]...

  • FET faced rejection at the upper boundary of its previous range and is currently valued at $0.4310, down 10% in the last 24 hours.
  • FET could benefit from a renewed AI narrative as OpenAI and Google-backed Anthropic rolled out new AI chatbots.
  • The 61.8% Fib level hurdle could be cleared as AI narrative floods socials in the next few hours, potentially leading to a surge in FET's value.
  • Rising Mean Coin Age and positive sentiment indicate a potential rally signal for FET.

The article presents a mix of positive and negative sentiment. While FET faced rejection and a drop in value, there is potential for a surge in value due to a renewed AI narrative and rising Mean Coin Age and positive sentiment.

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Related Questions

What is FET's current value and how much has it dropped in the last 24 hours?
How could FET benefit from a renewed AI narrative?
What is the 61.8% Fib level hurdle and how could it impact FET's value?
What signals indicate a potential rally for FET?
What is the potential risk for short-term selling pressure on FET's value?

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