indicating a bearish sentiment according to technical indicators despite a Fear & Greed Index of 63 (Greed). Over the last 30 days, Fetch.ai has had 7 out of 30 green days, demonstrating 18.92% volatility, making it a less favorable time to purchase.
Looking forward to 2025, based on historical data and Bitcoin halving cycles, Fetch.ai's price is anticipated to range between $1.504385 and $1.89925. This potential suggests a 19.37% increase from current prices if it reaches the upper end of the prediction.
As of June 21, 2024, technical signals remain bearish, with 14 indicators showing bullish tendencies and 17 indicating bearish trends. Fetch.ai's 200-day Simple Moving Average (SMA) is expected to reach $0.00 by July 21, 2024, with the short-term 50-Day SMA also projected at $0.00 by the same date.
The Relative Strength Index (RSI) stands at 43.77, indicating a neutral market position for Fetch.ai, neither oversold nor overbought at present.
Moving averages (MA), both Simple Moving Average (SMA) and Exponential Moving Average (EMA), which smooth price trends over time, highlight Fetch.ai's forecasted price at $1.640112 by June 28, 2024, reflecting a 3.14% increase based on recent trends.
In conclusion, while Fetch.ai shows potential for price appreciation into 2025 and beyond, investors should consider the current bearish sentiment and volatility before making investment decisions. Monitoring technical indicators and market trends will be crucial in assessing Fetch.ai's future price movements accurately.$FET