Essential FET Encounters Downward Trend: 3 Important Levels for Traders to Monitor
Current Price Movement: Fetch.ai (FET) is approaching a critical 100% Fibonacci extension level at $0.207, indicating a potential for further downside, with a support zone identified between $0.156 and $0.207.
Elliott Wave Analysis: Technical analysis reveals a bearish Elliott Wave structure, with significant price declines from a high of $0.75 in November, suggesting continued downward pressure on FET.
Market Sentiment: The AI-crypto sector is experiencing weakness, with FET and similar tokens like SingularityNET and Ocean Protocol seeing declines of 15-25%, attributed to profit-taking after a previous rally.
Long-Term Outlook: Despite current bearish trends, long-term traders are eyeing potential rebounds, particularly if FET holds above $0.156, with a target of $0.45 in a future wave, emphasizing the importance of risk management.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00934 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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