What do the Short-Term Technicals Predict for Fetch.ai (FET) Thursday?

Thursday, December 02, 2021 05:52 PM | InvestorsObserver Analysts

InvestorsObserver gives Fetch.ai a strong short-term technical score of 71 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. FET has currently traded better than 71% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Fetch.ai a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Fetch.ai!

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Trading Analysis

FET is currently $0.08 (11.91%) above its 30-day low of $0.67 and -$0.28 (-27.15%) below its 30-day high of $1.02. Additionally, FET is under its average price of $0.82 over the past month of trading with its current price of $0.74. Overall, the recent trading history of Fetch.ai suggest that traders are currently bullish on the token. FET has a average market cap compared to the majority of tokens with a total market value of $555,783,551.63. The market valuation for Fetch.ai is relatively average due to the largest 100 cryptos having a market cap above $1 billion and FET sits underneath that mark but remains above $100 million in market capilization. Fetch.ai's average volume is average as $860,102,433.42 worth of the token is typically traded over a 24 hour period. The volume for FET is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours FET's volume is below its average with $34,526,621.90 exchanged. Fetch.ai's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

FET's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Fetch.ai (FET).