Our FEG Token price prediction is not that great, as the price has just broken below the weekly support. The price has tested the weekly support at $0.00000000138-$0.00000000164 level multiple times and finally trading below it. Therefore, if the FEG coin closes a weekly candle below #0.00000000138, then it might plummet to $0.00000000055 level.
FEG was launched in the memecoin mania of 2021 amid extreme hype. During this time, many memecoins prices surged to record highs as the retail investors lead the rally. FEG token also surged to $0.00000004550 level, pumping early investors’ bags. However, the euphoria was short-lived, and the price couldn’t hold such high levels. The coin is now 97.3% 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 $48 million.
FEG Token Price Prediction
Technical analysis of FEG crypto shows that the coin has finally broken below the weekly support area. The $0.00000000138-$0.000000001648 had acted as strong support, and the price bounced off it quite a few times. However, if the price closes a weekly candle below this support then bears can easily target the $0.0000000055 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 intense fear in the markets. The ongoing bearish outlook may only flip to bullish if the coin regains the $0.00000000440 level. However, this seems to be quite unlikely in current market conditions.