- Buying pressure on FET was high even as its price increased.
- Whale confidence in FET declined, but several indicators remained bullish.
The bullish market condition has allowed quite a few cryptos to lift their prices, and Fetch.ai [FET] was one of them. The token’s price has rallied substantially, which has resulted in the formation of a bullish pattern on the token’s chart.
If the latest data is to be considered, FET investors might have yet another reason to rejoice.
FET is surging like no other
FET stole the limelight from other cryptos as its price surged by more than 100% over the last 30 days. In fact, the token’s price shot up by over 32% in just that last week, allowing it to gain a substantial amount of market capitalization.
Thanks to that, a bullish pattern formed on the token’s chart.
Crypto Tony, a popular crypto investor and trader, recently posted a tweet revealing that FET’s price had reached a key resistance level. If it manages to go above it, investors could expect a further rally.
Weekly close above 0.46c is exactly what we need to see from the bulls. Deviation and back below, means we likely fill out this ascending triangle
Either way hot pick for the bull run pic.twitter.com/b1jz7Gd08E
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Author: Dipayan MitraDid you like this?
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