Fetch.ai (FET) Price Prediction 2024, 2025–2030

Explore short and medium-term Fetch.ai price prediction analysis and check long-term Fetch.ai forecasts for 2025, 2030, and beyond

5-Day Prediction
$?1.42304
1-Month Prediction
$?1.56999
3-Month Prediction
$?1.345278
6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?1.359129
Price Prediction $?1.56999  (13.42%)
Fear & Greed Index 70 (Greed)
Sentiment Bearish
Volatility 7.01%
Green Days 12/30 (40%)
50-Day SMA $?1.405324
200-Day SMA $?1.624932
14-Day RSI 46.52

According to our current Fetch.ai price prediction, the price of Fetch.ai is predicted to rise by 13.42% and reach $?1.56999 by November 21, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 70 (Greed). Fetch.ai recorded 12/30 (40%) green days with 7.01% price volatility over the last 30 days. Based on the Fetch.ai forecast, it's now a bad time to buy Fetch.ai.

$
≈ $?217.84

If you invest $?1,000.00 in Fetch.ai today and hold until May 17, 2025, our prediction suggests you could see a potential profit of $?217.84, reflecting a 21.78% ROI over the next 206 days (fees are not included in this estimate).

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Short-Term Fetch.ai Price Targets

DatePredictionPotential ROI
Oct 23, 2024$?1.384229
1.85%
Oct 24, 2024$?1.39167
2.39%
Oct 25, 2024$?1.392502
2.46%
Oct 26, 2024$?1.406103
3.46%
Oct 27, 2024$?1.42304
4.70%

Over the next five days, Fetch.ai will reach the highest price of $?1.42304 on Oct 27, 2024, which would represent 4.70% growth compared to the current price. This follows a -9.28% price change over the last 7 days.

Fetch.ai Prediction Table

202420252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Oct 2024$?1.384229$?1.495694$?1.586241
16.71%
Nov 2024$?1.396131$?1.48418$?1.544713
13.65%
Dec 2024$?1.484332$?1.499705$?1.518555
11.73%

In 2024, Fetch.ai (FET) is anticipated to change hands in a trading channel between $?1.384229 and $?1.586241, leading to an average annualized price of $?1.493193. This could result in a potential return on investment of 16.71% compared to the current rates.

Fetch.ai Price Prediction 2024

October 2024: FET Prediction

With a negative market trend seen last month (with the price of FET losing -15.06%), Fetch.ai is expected to reject the trend in October. The projected monthly trading range is between $?1.384229 and $?1.586241, with the average monthly value sitting at $?1.495694, which would be a -6.53% decrease compared to the previous month. This could offer investors a potential return of 16.71%.

Potential ROI: 16.71%

November 2024: FET Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $?1.48418. The expected price range lies between $?1.396131 and $?1.544713, influenced by last month's market performance. Investors may witness a potential gain of 13.65%, if they decide to buy FET at current prices and sell it at predicted rates.

Potential ROI: 13.65%

December 2024: FET Prediction

Fetch.ai is predicted to finish the year by changing hands in a trading channel between $?1.484332 and $?1.518555. This would entail that the price of FET increased by 10.34% in comparison to today’s prices (assuming December’s average price of $?1.499705). In other words, investors would generate a potential profit of 11.73% if FET follows the prediction.

Potential ROI: 11.73%

Fetch.ai Price Prediction 2025

In 2025, Fetch.ai is forecasted to trade in a price channel between $?1.309931 and $?1.655197. On average, FET is expected to change hands at $?1.451132 during the year. The most bullish month for FET could be May, when the currency is anticipated to trade 21.78% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.325204$?1.397125$?1.47212
8.31%
February$?1.309931$?1.342312$?1.388359
2.15%
March$?1.321624$?1.347682$?1.385968
1.97%
April$?1.387922$?1.435297$?1.481245
8.98%
May$?1.468607$?1.567573$?1.655197
21.78%
June$?1.544395$?1.566141$?1.594788
17.34%
July$?1.551399$?1.591077$?1.639895
20.66%
August$?1.443982$?1.534744$?1.608365
18.34%
September$?1.428602$?1.460663$?1.48576
9.32%
October$?1.365345$?1.398841$?1.451569
6.80%
November$?1.339652$?1.372979$?1.407836
3.58%
December$?1.370429$?1.399153$?1.438119
5.81%

Fetch.ai Price Prediction 2026

Generally speaking, Fetch.ai price prediction for 2026 is bearish. The FET cryptocurrency is forecasted to hit a high point of $?1.462218 in December and reach a low of $?1.251756 in September. Overall, FET is expected to trade at an average price of $?1.298288 in 2026.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.345624$?1.381964$?1.449787
6.67%
February$?1.290827$?1.312896$?1.353363
0.42%
March$?1.260335$?1.281682$?1.302018
4.20%
April$?1.258513$?1.262017$?1.26703
6.78%
May$?1.260951$?1.269202$?1.275158
6.18%
June$?1.262756$?1.26582$?1.270069
6.55%
July$?1.261831$?1.263641$?1.267182
6.77%
August$?1.255485$?1.263558$?1.268302
6.68%
September$?1.251756$?1.25523$?1.269155
6.62%
October$?1.265167$?1.269688$?1.278199
5.95%
November$?1.284344$?1.33513$?1.355317
0.28%
December$?1.357738$?1.418629$?1.462218
7.58%

Fetch.ai Price Prediction 2027

The outlook for Fetch.ai in 2027 indicates a possible uptrend, with an expected price of $?1.382947. This represents a 1.75% increase from the current price. The asset's price is projected to oscillate between $?1.308596 in April and $?1.562257 in November. Investors could see a potential ROI of 14.95%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.369873$?1.400758$?1.422546
4.67%
February$?1.375243$?1.389396$?1.414605
4.08%
March$?1.333806$?1.352727$?1.380085
1.54%
April$?1.308596$?1.328846$?1.348939
0.75%
May$?1.312085$?1.328151$?1.334933
1.78%
June$?1.314066$?1.320597$?1.329091
2.21%
July$?1.313815$?1.325918$?1.342857
1.20%
August$?1.322063$?1.326802$?1.332412
1.97%
September$?1.31762$?1.349035$?1.391827
2.41%
October$?1.392317$?1.438262$?1.477856
8.74%
November$?1.454022$?1.515815$?1.562257
14.95%
December$?1.478799$?1.51906$?1.5494
14.00%

Fetch.ai Price Prediction 2028

Following a bullish trend in the previous year, 2028 is expected to continue this momentum. Fetch.ai’s value is forecasted to increase, potentially reaching an average price of $?1.999225. The price is predicted to fluctuate between a low of $?1.462834 in January and a high of $?2.67 in March.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.462834$?1.549281$?1.728957
27.21%
February$?1.717718$?2.23$?2.52
85.61%
March$?2.13$?2.39$?2.67
96.75%
April$?2.11$?2.23$?2.33
71.47%
May$?1.922946$?2.17$?2.36
73.53%
June$?1.748296$?1.84306$?1.993003
46.64%
July$?1.603146$?1.766248$?1.881632
38.44%
August$?1.59994$?1.691696$?1.831132
34.73%
September$?1.705311$?1.875891$?1.980547
45.72%
October$?1.823199$?1.905672$?2.25
65.59%
November$?2.15$?2.24$?2.40
76.85%
December$?1.881631$?2.10$?2.22
63.17%

Fetch.ai Price Prediction 2029

Forecasts for 2029 suggest that FET will experience a significant growth, with expected fluctuation ranging from $?1.644963 to $?2.59. Investors might anticipate a potential ROI of 90.78%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.686895$?1.869746$?2.06
51.58%
February$?1.644963$?1.72334$?1.814306
33.49%
March$?1.677066$?1.758985$?1.877028
38.11%
April$?1.887182$?2.00$?2.12
55.64%
May$?2.08$?2.37$?2.59
90.78%
June$?2.29$?2.35$?2.43
78.57%
July$?2.32$?2.42$?2.55
87.69%
August$?2.01$?2.24$?2.46
81.32%
September$?1.970783$?2.06$?2.13
56.55%
October$?1.797105$?1.882131$?2.03
49.64%
November$?1.726564$?1.812748$?1.901372
39.90%
December$?1.811065$?1.902611$?2.03
49.28%

Fetch.ai Price Prediction 2030

In the long term, Fetch.ai could reach a price of $?2.06 in December of 2030. That’s a rather optimistic scenario, as FET could trade as low as $?1.48524 in September. Overall, FET’s price is projected to hover at around $?1.612734 during the year, about 18.66% above the current price of $?1.359129.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.742959$?1.826322$?1.966936
44.72%
February$?1.592511$?1.642814$?1.756165
29.21%
March$?1.508793$?1.561465$?1.623238
19.43%
April$?1.503791$?1.513335$?1.523533
12.10%
May$?1.510484$?1.533448$?1.549491
14.01%
June$?1.515441$?1.523883$?1.535519
12.98%
July$?1.5129$?1.517264$?1.522492
12.02%
August$?1.491254$?1.516016$?1.530667
12.62%
September$?1.48524$?1.49832$?1.547778
13.88%
October$?1.522059$?1.537005$?1.594855
17.34%
November$?1.606333$?1.727992$?1.80866
33.07%
December$?1.854823$?1.954947$?2.06
51.79%

Fetch.ai Price Prediction For Years 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Fetch.ai is projected to increase, with prices potentially reaching $?2.67 by 2028. This represents a 96.75% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $?2.67 and lows of $?1.251756 over the period.

YearMin. PriceAvg. PriceMax. PricePotential ROI
2024$?1.384229$?0.373298$?1.586241
16.71%
2025$?1.309931$?1.451132$?1.655197
21.78%
2026$?1.251756$?1.298288$?1.462218
7.58%
2027$?1.308596$?1.382947$?1.562257
14.95%
2028$?1.462834$?1.999225$?2.67
96.75%
2029$?1.644963$?2.03$?2.59
90.78%
2030$?1.48524$?1.612734$?2.06
51.79%

Fetch.ai Technical Analysis

Sentiment

Bearish

Based on data from October 22, 2024 at 08:48, the general Fetch.ai price prediction sentiment is bearish , with 10 technical analysis indicators signaling bullish signals, and 19 signaling bearish signals.

FET price prediction was last updated on October 22, 2024 at 08:48.

Fetch.ai's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Fetch.ai's 200-day SMA will drop in the next month and will hit $?1.50606 by Nov 21, 2024. Fetch.ai's short-term 50-Day SMA is estimated to hit $?1.458693 by Nov 21, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 46.52, which indicates that the FET market is in a neutral position.

Popular FET Moving Averages and Oscillators for Tue, Oct 22, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?1.418023SELL
SMA 5$?1.438877SELL
SMA 10$?1.418603SELL
SMA 21$?1.443817SELL
SMA 50$?1.405324SELL
SMA 100$?1.261628BUY
SMA 200$?1.624932SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?1.412523SELL
EMA 5$?1.419734SELL
EMA 10$?1.429361SELL
EMA 21$?1.441713SELL
EMA 50$?1.398246SELL
EMA 100$?1.390804SELL
EMA 200$?1.409632SELL

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21$?1.067899BUY
SMA 50$?1.332483BUY
SMA 100$?0.775649BUY
SMA 200$?0.387486BUY

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?1.405914SELL
EMA 50$?1.29909BUY
EMA 100$?1.009598BUY
EMA 200$?0.623553BUY

Fetch.ai Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)46.52NEUTRAL
Stoch RSI (14)97.90SELL
Stochastic Fast (14)65.61NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)8.30NEUTRAL
Awesome Oscillator (5, 34)-0.08NEUTRAL
Momentum (10)0.13NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-34.39NEUTRAL
Ultimate Oscillator (7, 14, 28)55.32NEUTRAL
VWMA (10)1.44BUY
Hull Moving Average (9)1.40BUY
Ichimoku Cloud B/L (9, 26, 52, 26)1.50NEUTRAL

Fetch.ai Key Price Levels

Based on today's classical pivot point (P1) with the value of $?1.4117, Fetch.ai has support levels of $?1.353059, $?1.315564, and the strongest at $?1.256922. Similarly, Fetch.ai resistance levels are at $?1.449195, $?1.507837, and $?1.545332.

Support Levels

#PriceStrength
S1$?1.353059  
S2$?1.315564  
S3$?1.256922  

Resistance Levels

#PriceStrength
R1$?1.449195  
R2$?1.507837  
R3$?1.545332  

Fetch.ai Correlation

Over the past 7 days, Fetch.ai price was most positively correlated with the price of Render Token (RENDER), Conflux (CFX), NEAR Protocol (NEAR), Core DAO (CORE) and Arweave (AR) and most negatively correlated with the price of Fasttoken (FTN), Stellar (XLM), KuCoin Token (KCS), Litecoin (LTC) and Dogecoin (DOGE).

Positively Correlated Currencies

NameCorrelation
0.944
0.938
0.928
0.918
0.915

Negatively Correlated Currencies

NameCorrelation
-0.472
-0.355
-0.322
-0.307
-0.298

Fetch.ai price is positively correlated with the top 10 coins by market cap with a price of 0.493, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.411.

Currencies that are positively correlated with Fetch.ai indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Fetch.ai, a move in one direction for Fetch.ai would translate into a move in the opposite direction for the negatively correlated coin.

Fetch.ai Price Prediction FAQ

What is Fetch.ai's price prediction today?

Based on our Fetch.ai prediction chart, the price of Fetch.ai will increase by 0.00% and reach $?1.384229 by Oct 23, 2024.

What is Fetch.ai price prediction for tomorrow?

Fetch.ai is predicted to gain 0.00% and reach a price of $?1.384229 tomorrow.

What is the Fetch.ai price prediction for this week?

According to our Fetch.ai price prediction, FET is forecasted to trade within a price range of $?1.384229 and $?1.428896 this week. Fetch.ai will increase by 3.23% and reach $?1.428896 by Oct 28, 2024 if it reaches the higher value target.

What is the Fetch.ai price prediction for next week?

The Fetch.ai price prediction for next week is between $?1.428896 on the lower end and $?1.49998 on the high end. Based on our FET price prediction chart, the price of Fetch.ai will increase by 4.97% and reach $?1.49998 by Nov 04, 2024 if it reaches the upper price target.

What is the Fetch.ai price prediction for 2024?

Fetch.ai is forecasted to trade within a range of $?1.384229 and $?1.586241. If it reaches the upper price target, FET could increase by 16.71% and reach $?1.586241.

What is the Fetch.ai price prediction for 2025?

According to our Fetch.ai price prediction, FET is forecasted to trade within a price range of $?1.384229 and $?1.586241 next year. Fetch.ai will increase by 16.71% and reach $?1.586241 if it reaches the higher value target for 2025.

What is the Fetch.ai price prediction for 2030?

The Fetch.ai price prediction for 2030 is between $?1.644963 on the lower end and $?2.59 on the high end. Based on our FET price prediction chart, the price of Fetch.ai could gain 90.78% and reach $?2.59 if it reaches the upper price target.

Will Fetch.ai reach $10?

Fetch.ai would need to gain 635.77% to reach $10. According to our Fetch.ai prediction algorithm, Fetch.ai will hit $10 in February 2040.

Will Fetch.ai reach $100?

Fetch.ai would need to gain 7,257.65% to reach $100. According to our Fetch.ai prediction algorithm, the price of Fetch.ai will not reach $100. The highest expected price our algorithm estimates is $?44.78 by 2048.

Will Fetch.ai reach $1,000?

Fetch.ai would need to gain 73,476.53% to reach $1,000. According to our Fetch.ai prediction algorithm, the price of Fetch.ai will not reach $1,000. The highest expected price our algorithm estimates is $?44.78 by 2048.

What is the current Fetch.ai sentiment?

The current Fetch.ai sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.

What is the Fetch.ai Fear & Greed Index and what does it indicate?

Currently, the Fetch.ai Fear & Greed Index stands at 70, which means that investors’ sentiment is in the so-called Greed zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Fetch.ai investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Fetch.ai?

Over the last 30 days, Fetch.ai had 12/30 (40%) green days. According to our historical data, it is currently not profitable to invest in Fetch.ai. The price of Fetch.ai increased by 487.53% in the last 1 year, while the coin’s 3-year performance is 78.04%.

Is Fetch.ai a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Fetch.ai in 2024 is bearish. This could be an indication that Fetch.ai is a bad buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Fetch.ai or not.

What will the price of Fetch.ai be next week?

According to our Fetch.ai forecast, the price of Fetch.ai will increase by 2.80% over the next week and reach $?1.42304 by October 27, 2024.

What will the price of Fetch.ai be next month?

According to our Fetch.ai forecast, the price of Fetch.ai will increase by 13.42% over the next month and reach $?1.56999 by November 21, 2024.

What is Fetch.ai's 50-Day SMA and what does it indicate?

Fetch.ai’s 50-day SMA (simple moving average) is currently $?1.405324. The 50-day SMA indicates the average price of Fetch.ai over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive FET price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Fetch.ai's 200-Day SMA and what does it indicate?

Fetch.ai’s 200-day SMA is currently $?1.624932. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Fetch.ai 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that FET has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Fetch.ai price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Fetch.ai’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Fetch.ai's 14-day RSI and what does it indicate?

Fetch.ai’s 14-day RSI is at 46.52, indicating that FET is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Fetch.ai. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Fetch.ai go back up?

Based on our algorithmically generated price prediction for Fetch.ai, the price of FET is expected to decrease by 13.42% in the next month and reach $?1.56999 on Nov 21, 2024. Additionally, Fetch.ai’s price is forecasted to gain 4.83% in the next six months and reach $?1.451086 on Apr 20, 2025. Finally, Fetch.ai is expected to trade at $?1.368977 on Oct 22, 2025, following a -1.10% value increase in one year.

How does our price prediction for Fetch.ai work?

The Fetch.ai price prediction on CoinCodex is calculated using the historical Fetch.ai price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Fetch.ai prediction.

How to read and predict Fetch.ai price movements?

Fetch.ai traders use a variety of tools to try and determine the direction in which the FET market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Fetch.ai price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Fetch.ai Price Prediction Indicators

Moving averages are among the most popular Fetch.ai price prediction tools. As the name suggests, a moving average provides the average closing price for FET over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for FET is a sum of FET’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the FET price moves above any of these averages, it is generally seen as a bullish sign for Fetch.ai. Conversely, a drop below an important moving average is usually a sign of weakness in the FET market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the FET price.

How to read Fetch.ai charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Fetch.ai with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Fetch.ai’s price action in 1-hour chunks. Each candlestick will display FET’s opening price, closing price, as well as the highest and lowest prices that Fetch.ai reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Fetch.ai?

Just like with any other asset, the price action of Fetch.ai is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of FET. The market capitalization of Fetch.ai can change significantly in a short period of time.

When trying to make a Fetch.ai forecast, many traders also try to monitor the activity of FET “whales”, which are entities and individuals that control large amounts of FET. Since the Fetch.ai market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Fetch.ai’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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