Fetch.ai ($FET ) is demonstrating strong bullish momentum on the 4H timeframe, pumping +16.83% to trade near $0.2610 after testing local resistance at $0.2647. While fundamentals remain supported by ongoing ASI Chain TestNet developments and global developer hackathons (MHacks & LA Hacks), the RSI(6) sitting at 80.19 indicates extreme overbought conditions on lower timeframes.
Immediate resistance stands at $0.2647 – $0.2700, where a high-volume 4H breakout clears the path toward higher targets. On the downside, primary support for a healthy retest sits between $0.2190 – $0.2250 (24h Low).
Chasing long positions directly into 80+ RSI resistance carries elevated risk. Waiting for a cool-off retest near $0.2250 or a confirmed breakout closure above $0.2650 offers optimal risk-reward structure!
#FET #ASI #FetchAI #AI
Immediate resistance stands at $0.2647 – $0.2700, where a high-volume 4H breakout clears the path toward higher targets. On the downside, primary support for a healthy retest sits between $0.2190 – $0.2250 (24h Low).
Chasing long positions directly into 80+ RSI resistance carries elevated risk. Waiting for a cool-off retest near $0.2250 or a confirmed breakout closure above $0.2650 offers optimal risk-reward structure!
#FET #ASI #FetchAI #AI
