FET Token Analysis: Charting the Course to Potential 5x Gains
In this video, we analyze the current price action of Fetch.ai's FET token, which is experiencing market indecision around the 38% Fibonacci retracement level. We'll discuss the importance of confirming this level as support and the potential for a bullish push toward the previous all-time high (ATH). If FET can break through and establish the ATH as a new support, we could see a trajectory toward a 5x return. However, considering the current market cap of approximately $5.36 billion, a 15x return appears less likely. Alternatively, we'll explore the scenario of a price movement toward $1.10, awaiting a retest for potential entry points, with the same profit targets in mind. Join us as we navigate these possibilities and outline strategic approaches for swing traders aiming to capitalize on FET's market dynamics.
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