Fetch.AI's token (FET) is consolidating within a bullish flag pattern, suggesting a potential continuation of its recent rally. Currently trading at $0.6469, FET has increased by 4.8% over the past week. The token faces resistance at $0.6546 and support at $0.6178, with its price action nearing the upper boundary of the flag pattern.
FET has also shown strength against major cryptocurrencies, gaining 3.9% against Bitcoin and 4.4% against Ethereum. The ongoing price compression highlights the significance of upcoming trading sessions, as a breach of resistance could lead to a notable directional move.
Fetch.AI (FET) Approaches Key Resistance in Bullish Flag Formation
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