The Fetch.ai price prediction shows that FET begins to fetch significant growth toward the upper boundary of the channel.

Fetch.ai Prediction Statistics Data:

• Fetch.ai price now – $0.548
• Fetch.ai market cap – $468.6 million
• Fetch.ai circulating supply – 824 billion
• Fetch.ai total supply – 1.1 billion
• Fetch.ai CoinMarketCap ranking – #106

FET/USD Market

Key Levels:

Resistance levels: $0.700, $0.750, $0.800

Support levels: $0.350, $0.300, $0.250

FET/USD is currently trading at around $0.548 as the coin faces the upside. Once it manages to surpass the daily high of $0.576, the next target could be at $0.600 which it could touch in the next positive move. Meanwhile, a breach of the current market value may send the price straight to around the $0.490 support level and if this level fails to hold strong, the price could slip below the lower boundary of the channel.

Fetch.ai Price Prediction: FET Price Could Spike to the Upside

The Fetch.ai price is hovering around $0.548. The market may go up if it bounces above the daily high of $0.576 to cross above the upper boundary of the channel, which could hit potential resistance levels of $0.700, $0.750, and $0.800. Meanwhile, FET/USD may sink if the bears step into the market, and crossing below the channel could locate the critical support levels of $0.350, $0.300, and $0.250.

FET/BTC May Create More Gains

Looking at the daily chart, the Fetch.ai price is seen facing the upside, but it is yet to record a tremendous gain above the 9-day and 21-day moving averages. However, the buyers may increase the pressure, the coin may likely spike to the upside.

On that note, a bullish movement above the upper boundary of the channel could push the FET price to the resistance level of 1600 SAT and above. Meanwhile, looking from below, the Fetch.ai price is likely to retreat a little before creating additional gains but any bearish break below the lower boundary of the channel may bring the price to the new low of 950 SAT and below.

Fetch.ai Alternatives

The Fetch.ai price could face the upside as the coin heads toward the upper boundary of the channel. However, if the market continues with the upward movement, the $0.600 resistance level is likely to surface. Therefore, FET/USD may further look for higher price levels if the bulls increase the pressure.

Meanwhile, despite Fetch.ai ranking 107th on CoinMarketCap, the newly introduced BTCMTX token stands out with its innovative approach to meme generation, incorporating advanced AI technology and a token-based credit system. The presale for BTCMTX has successfully raised nearly $5.3 million, making it an appealing investment opportunity amidst its revolutionary features.

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• Source: https://insidebitcoins.com/news/fetch-ai-price-prediction-for-today-december-12-fet-technical-analysis