As the bulls face challenges in maintaining Fetch.AI's uptrend, the FET token price is consolidating above the $2 mark. This sideways movement in the FET price trend raises concerns about the stability of the $2 psychological level. Recently, the FET price broke through a resistance trendline and underwent a retest accompanied by an evening star pattern. However, there are indications of growing demand, as evidenced by the rising Relative Strength Index (RSI) line.
The likelihood of a post-retest reversal is considerable, potentially propelling the AI coin price to $5.9 or the 1.618 trend-based Fibonacci level.
https://coinpedia.org/price-analysis/is-the-correction-phase-ending-for-ai-coins/