Our FEG token price prediction might not be encouraging for the bulls. The FEG coin is battling with key support right now, and the price might fall below very soon. The price is currently hovering around January 2022 lows again, which could be the last support. Any lower low than $0.0000000022 could tank the price to the $0.0000000013 level within no time. Therefore, FEG token price needs to hold current levels and avoid lower lows to avoid a long-term bearish outlook.
Latest FEG Coin News
There is very little information available on the team behind Feed Every Gorilla token. Nevertheless, the project became a big hit in last year’s memecoin season and touched the highs of $0.000000038 in May. As per the latest FEG coin news, the project has won the DeFi Technology of the Year award. This award was presented by Crypto Expo Dubai 2022, which took place in March. Having attended that event in person, I can tell that there weren’t any big projects exhibited at the event. Therefore, FEG token price prediction depends massively on its hype.
However, the FEG team seems to be quite active in not just marketing but also development. The project has already deployed a functional DEX known as FEGEX. It also allows its users with opportunities for passive income. Other FEG products include a Token Template, an investment tracking app, and FEG Radio. It is available on Pancakeswap as a BEP-20 asset.
FEG Token Price Prediction
Although cryptocurrencies like FEG crypto keep defying technical analysis most of the time still, we can try. FEG coin technical analysis shows that the price faced a massive rejection from $0.0000000090 in February 2022. At the time of writing, the price is trading at $0.0000000027 level and 93% below its May 2021 all-time high.
The coin must hold the current level and avoid any lower lows. Any lower low than $0.0000000022 could be curtains for the bulls. Therefore, this level could be their last chance. For any bullish FEG token price prediction, the price needs to break above the $0.0000000046 level. A daily close above this level could take the price to the $0.0000000074 level very soon.