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Fetch.ai (FET) is currently experiencing an upward trajectory within a trend channel, suggesting a sustained period of growth in the medium to long term. This uptrend reflects a growing sense of confidence among investors, signaling an ongoing positive sentiment and indicating the likelihood of further upward movement in the future. In the last week, the […]
Fetch.ai (FET) has recently demonstrated remarkable market resilience, exhibiting a strong rebound hinting at potential upward momentum. During the bullish period, the token reached an unprecedented all-time high of $3.46. However, this exhilarating rise was followed by a correction, during which FET retreated to $1.63 before finding support and rebounding. As of the current moment, Fetch.ai is […]
Analyst More Crypto Online also provided a technical analysis of FET, stating that the price of FET has reached the 100% Fibonacci extension. This implies that the asset has reached a critical stage in its price cycle, a highly technical development. The current price structure falls within a three-wave symmetrical triangle pattern, which is typically […]
Key Takeaways: Fetch.ai (FET) is making headlines this week with a sharp 30% rally over the past seven days, supported by strong market momentum and the highly anticipated launch of ASI-1 Extended, its most advanced Web3-native large language model (LLM) to date. The token climbed nearly 8% in the last 24 hours alone, with the […]
Could FET possibly hit $5 before the Bitcoin halving? Let's delve into this FET price prediction piece and explore it further.
Fetch.ai (FET) has been on a bullish run, which has attracted significant attention as regards its upward price movements. In the past month alone, FET has risen by 170%, vowing to its market resilience. Besides, just over the last week, it surged by nearly 22% As of the latest update, FET still has enough positive […]
OpenAI’s chatbot ChatGPT took the world by a storm leading to increased investor interest in the Artificial Intelligence (AI) space. Tech giant Microsoft moved with [...]
AI crypto prices exploded in January following renewed investor interest in similar projects, some outside the crypto purview. Tokens like Fetch.ai (FET) and SingularityNET (AGIX) [...]
In this article, we'll look at Fetch.ai in detail and describe how it works and FET price prediction.
In a new technical analysis, renowned crypto analyst Gert van Lagen forecasts a 500% surge in the value of Fetch.AI (FET), with a price target of $5.5. This bold prediction comes as the AI-centric cryptocurrency coin, FET, records a 12% increase over the past 24 hours and an impressive 45% gain over the last week. Currently trading with a momentum that correlates with the buzz around AI technology giant Nvidia, Fetch.AI is riding the wave of heightened interest as Nvidia approaches its Q4 2023 earnings release on February 21. Nvidia’s stock has experienced a remarkable 45% surge since their previous earnings report, expanding its market cap by an unprecedented $600 billion. As the tech community anticipates Nvidia’s next financial update, speculation abounds regarding the potential influence of the company’s performance on the broader AI and cryptocurrency markets. FET, along with other AI-tied tokens such as The Graph (GRT), Injective (INJ), Render Network (RNDR), and SingularityNET (AGIX), stands at a critical juncture where Nvidia’s financial results could significantly sway investor sentiment within the AI and crypto sectors. A positive report from Nvidia could catalyze a wave of enthusiasm, potentially bolstering investments in AI-dedicated cryptocurrencies. Fetch.AI (FET) Eyes A 500% Rally Van Lagen’s chart showcases a massive inverse ‘Head and Shoulders’ (H&S) pattern, consisting of three troughs: the left shoulder formed in early 2022, the head reached its nadir at the end of 2022, and the right shoulder developed in August 2023. Related Reading: Fetch AI Breakout Confirmed: Analysts Reveal Bullish Targets For FET Price The pattern is characterized by a ‘neckline,’ which is a resistance level that the price must surpass to confirm the reversal. For Fetch.AI, the neckline is situated around the $0.5 mark, a threshold that was successfully retested as support in January 2024. This retest is seen as a bullish confirmation, reinforcing the integrity of the reversal pattern. A noteworthy element in the analysis is the decisive breakout from the green Fibonacci resistance zone last week. The Fibonacci retracement tool is commonly used to ascertain potential support and resistance zones, and a breach beyond these confines typically suggests a strong market conviction. Related Reading: OpenAI Setback No Match For FETs 160% Surge: Time To Invest In AI? Thus, Fetch.AI has not only surmounted the neckline but has also made strides past the resistance zone, paving the way for the asset to strive towards new all-time highs. Van Lagen has calculated a technical target for the iH&S pattern at $5.5, extrapolated from the depth of the pattern’s head to the neckline, and projected upwards from the breakout point. The analyst has also stipulated a condition for the invalidation of this bullish scenario: should Fetch.AI print a ‘lower low’ (LL), it would disrupt the structure of the iH&S pattern and potentially signal a bearish shift in the market’s sentiment. He summarizes: FET [1W] – Head and Shoulders bottom playing out neatly: + Dec-23 breakout of the right shoulder & the green Fib resistance zone; + Jan-24 multi-week successful retest of the neckline; + Feb-24 clearance for new ATHs Technical target iH&S: $5.5 Invalidation: print LL At press time, FET traded at $0.92. Featured image from MEXC Blog, chart from TradingView.com
Artificial Superintelligence Alliance (FET) is showing strong signs of a breakout as the cryptocurrency market regains bullish momentum. With Bitcoin reaching new all-time highs, AI-related tokens, including FET, are once again pushing towards key resistance levels. FET had an impressive start to 2024, hitting its all-time high in March when Bitcoin surged to $74,000. However, […]
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