Our FEG Token price prediction is not that great as the price has just broken below the trendline. The price has been hovering on the trendline for more than two weeks. This sideways movement finally ended with a breakdown, and now the FEG coin is trading at $0.00000000182. The only level where the bulls may find some support is the $0.00000000150 level. This could mean another 20% price decrease from the current level.
FEG was launched in the memecoin mania of 2021 when investors were flocking towards the memecoin. During this time, many memecoins soared to record levels due to a massive influx of capital from retail. FEG token also surged to the $0.00000004550 level generating insane gains for the early buyers. However, the euphoria was short-lived, and the price couldn’t hold those levels. The coin is now 95.8% down from its May 2021 all-time high, and the bears are gaining even more momentum.
Although the project started as a memecoin, the team has worked pretty hard to remove that stigma. The project has added features like FEGEX, FEG Token Template, and FEG Radio in the last few months. Nevertheless, many still find the project a very risky investment due to very little and questionable fundamentals. As per the latest FEG news, it is one of the 500 top cryptocurrencies with a market cap of $76 million.
FEG Token Price Prediction
Technical analysis of FEG crypto shows that the coin has finally broken below the key trendline. This trendline has acted as strong support as the price bounced off it quite a few times. If the price closes a daily candle below this trendline, then bears can easily target $0.00000000150 level. Therefore, the bulls need to step up and bring their A-game to the table.
It won’t be appropriate to talk about any bullish FEG token price prediction at the moment due to a severe downtrend. If the coin regains the $0.00000000440 level, then bulls can aim further upside. However, this seems to be quite unlikely in current market conditions.
FEG USD Daily Chart
