Fetch.ai (FET) Price Leads Weekend Gainers
During the weekend, the FET price has increased and cleared important resistance levels. The price has been following an ascending support line since June and recently broke out and closed above the $0.25 resistance area. The RSI indicator supports the breakout, indicating a bullish trend. If FET continues to increase, it can reach the next resistance at $0.34. However, if the price closes below $0.25, a drop to the ascending support line at $0.20 is likely.
Stellar (XLM) Price Breaks Out After Bounce
The XLM price has been decreasing since July, following a descending resistance line. However, it recently bounced off the $0.110 support area and created a higher low. Two days later, XLM broke out from the resistance line. If the price reclaims the $0.130 area, it can increase by 30% and reach the next resistance at $0.160. But if it is rejected from the area, a drop to the support line at $0.110 is possible.
Bluzelle (BLZ) Aims to Clear Resistance
The BLZ price has been increasing since August after being rejected from the $0.125 resistance area. However, during the weekend, the price managed to break above the area. If the upward movement continues, BLZ can increase by 50% and reach the $0.22 resistance area. But a loss of momentum can lead to a 15% drop to the $0.125 area.
Hot Take
Overall, FET, XLM, and BLZ have all shown positive price movements during the weekend, breaking important resistance levels. If these trends continue, significant increases are possible for each coin. However, it is important to monitor the support and resistance levels, as a failure to maintain above or below these levels can lead to price reversals.
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