Fetch.ai (FET) Coin Price On The Verge Of A Major Bullish Reversal: Will FET Reclaim $2?

The Artificial Superintelligence Alliance price has displayed a strong bullish action over the past few days. Moreover, the altcoin is on the verge of testing its resistance trendline of the falling channel pattern. The outcome of which is uncertain.

Cryptocurrency market has been on a roll over the past week with top tokens breaking out of their crucial resistance levels.

Artificial Intelligence (AI) tokens have followed suit, recording a remarkable price action with many tokens adding a significant amount to their portfolio.

After trading in a bearish sentiment for a brief period, FET price has recorded a surge of over 80% during this period. This has led to questions like “How high will the FET price go?” and “Will FET reclaim $2?” Scroll down to uncover the price analysis and potential targets of this sensational altcoin.

FET Coin Price On The Verge Of A Major Bullish Reversal:

Artificial Superintelligence Alliance price has shown a strong bullish move over the past few days, where the altcoin is on the verge of testing its resistance trendline of the falling channel pattern, the outcome of which is yet to be determined.

notably, FET price has risen by 7.64% over the past day with a trading volume of $285.87 Million. Moreover, it has added 87.53% in the past week and has a YTD return of 81.79%. With a market cap of $3.339 Billion, it has secured the position of the 3rd largest AI token.

The Moving Average Convergence Divergence (MACD) has shown a continuous uptrend in its FET price chart. Moreover, its averages display a bullish price trend, suggesting that the price will continue gaining value in the coming time.

Further, the SMA indicator constantly supports the price chart in the 1D time frame, suggesting a positive outlook for the altcoin.

Will FET Price Hit $2 Soon?

If the bulls manage to break out of the resistance trendline, the FET price will test its upper high of $1.650. Maintaining the price at that level will pave the way for this altcoin to head toward its upper high of $2.230 in the coming time.

On the other hand, if the bears outpace the bulls, the Artificial Superintelligence Alliance price will plunge toward its support level of $1 during the upcoming weeks.

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