- Fetch.ai approaches a critical $1.49 resistance level, signaling potential for a breakout.
- Analysts expect a rally if FET surpasses $1.49, targeting a new ATH.
- Strong technicals and fundamentals suggest possible double-digit gains for Fetch.ai in October.
Fetch.ai (FET) is gaining attention as it approaches a critical price point. If the token breaks $1.49 by the end of this month, a significant rally might be triggered. Analysts are eyeing a potential all-time high (ATH) in October.
With double digits in sight, many investors are watching closely to see if FET can maintain the momentum. Meanwhile, the question is whether FET will break $1.49 and enter new price territory?
Breaking $1.49: The Key Level to Watch
The $1.49 level is more than just a number for Fetch.ai. It’s a major resistance point. Analysts believe breaking this barrier will pave the way for a strong bullish run. A monthly close above $1.49 would confirm the uptrend. If this happens, the market could push FET toward a new ATH.
We could see the token quickly climb towards the $2 mark and higher. But why is $1.49 so important? This price point has been a psychological barrier for investors. Breaking this barrier would signal that buyers are ready to push the market higher. This would attract more investors and strengthen the token’s upward momentum.
October: A Month for Massive Gains?
Historically, cryptocurrencies often see strong gains in the fourth quarter. FET could follow this trend if it breaks through $1.49.
$FET – If we close this month above $1.49, Iwe'll head for a new ATH in October.
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Double digits are destined for this cycle!🚀✍️🏻 pic.twitter.com/QJMi7HvA8ogoogle news — L E O (@CryptoLeo00) September 13, 2024
As the post above suggests, some experts believe the token could hit double digits within this cycle. Fetch.ai’s focus on AI-driven decentralized solutions continues to build confidence in its long-term potential.
On the technical side, things also look promising. The Relative Strength Index (RSI) and moving averages suggest bullish trends. There’s even speculation that Fetch.ai could reach $10, which would represent a major leap from current levels.
Breaking $1.49 could set the stage for a new ATH in October. Strong technicals and solid fundamentals suggest that FET may see double-digit gains in the near future.
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