Fetch.AI (FET) is steadily soaring with a new bullish movement that recently attracted the interest of traders and analysts. The price is near key resistance levels and any breakout will likely lead to a further increase in the price.
Targets and levels of support according to analyst CryptoLeo00 reveal that a reversal of the trend is expected soon.
Fetch.AI Rising Momentum and Key Indicators
The daily chart for Fetch.AI is quite bullish, with the price fairly close to the upper Bollinger Band at $1.51. However, this means that there is upward pressure on its buying price. This is because FET has risen from the lower and upper bands within a short period.
1-day Fetch.AI trading chart | Source Tradingview
Bollinger Band’s continuous widening signifies increased volatility, a situation that usually precedes a new trend, likely in the upper direction.
In addition, the Relative Strength Index (RSI) is at 60.21. It’s not far from the overbought level above 70, indica
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