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