Fetch.ai (FET) Faces a Bullish Momentum and a High Risk of Noting a Decline, Here\'s Why

Fetch.ai (FET) price is in the middle of a bullish momentum and, at the same time, at a high risk of noting a decline.

Fetch.ai's (FET) price is caught between bullish momentum and a high risk of noting a decline, as per a new analysis. The cryptocurrency, which is up by 10% this week, might be setting itself up for a correction.

Profit-taking could bring FET back down to $1.04. As FET price dropped to $1.04 following the last rejection, the level might act as strong support again. However, if the selling pressure is strong enough, the altcoin could drop further down to $0.78.

On the other hand, if the support holds, the FET price could bounce towards $1.71. Breaching this resistance would invalidate the bearish thesis, sending the crypto asset on a run-up.

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