Our FEG token price prediction is awaiting a breakout. FEG coin has been trading inside the $0.00000000053-$0.00000000037 range for the past 3 months. The price has retested the top and bottom of this range many times but failed. A breakout from this range will likely trigger a massive move in that direction.
FEG coin enjoyed an insane amount of hype in 2021 as the memecoin mania took it on a parabolic bull run. However, the euphoria was short-lived as the Bitcoin slump that followed dried up the liquidity from the memecoins.
At the time of writing, FEG token price is trading at $0.00000000044. The memecoin is1.4% down from yesterday. On the higher timeframe, FEG has lost more than 99% of its value since its May 2021 all-time high. The unprecedented downtrend suggests that many big investors cashed out at the top leaving behind the new entrants with their bags.
According to FEG token news, the coin is in the process of migration right now. A brand-new token contract for the hybrid FEG & ROX would be created leveraging SmartDeFi 2.0 system. Holders of the FEG crypto would be able to convert their coins with the help of a migration tool.
FEG Token Price Prediction
Technical analysis of the FEG USD price chart depicts a prolonged bearish accumulation phase. The price appears to be range bound between $0.00000000037 support and the $0.00000000053 resistance. If you’re holding FEG, then a good idea would be to wait for a breakout from this range. An upwards breakout could send the price to the $0.00000000085 level within a very short time.
On the other hand, a breakdown below the $0.00000000037 level would make FEG token price prediction extremely bearish. In such a scenario, the price would dip to new lows, and any downwards price target would be on the cards. These breakouts can be traded with proper risk management on Uniswap, Pancakeswap and FEG exchange.