The Fetch.ai (FET) token has experienced positive gains, ranging from 15% to 23%, in monthly and weekly timeframes. However, the token is facing resistance and is currently moving within a symmetrical triangle pattern. The presence of a new resistance area suggests potential pullbacks if the upper side of the triangle is not broken. FET holders have been selling off their tokens, indicating bearish sentiment among traders. Liquidations on long positions have also increased, creating headwinds for FET's rally. Despite these challenges, FET's open interest has increased, indicating optimism in the derivatives market. The current price of FET is $1.49, with analysts eyeing the $2 mark, although achieving it may be difficult due to mixed market sentiment.



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