Please enter CoinGecko Free Api Key to get this plugin works.
Please enter CoinGecko Free Api Key to get this plugin works.
HomeCrypto NewsAI Crypto Rising: FETCH.AI Next Target Revealed

AI Crypto Rising: FETCH.AI Next Target Revealed

-

Fetch.ai crypto coin can be a good pick from the AI crypto coins bunch with the crypto on the verge of a good breakout.

In this article, we will look at Fetch.ai crypto next price target by looking at price chart and technicals.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

FET Crypto Next Target

  • Price: $0.6464
  • Market Capitalization: $1.54 billion
  • 24-Hour Trading Volume: $123.81 million
  • Circulating Supply: 2.38 billion FET
  • Total Supply: 2.71 billion FET

Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with +20% upside potential to $0.65 resistance. Stop Loss at $0.37. 

Forecast Indicators

  • Relative Strength Index (RSI): Currently at 60.
  • Moving Averages:
    • 50-day SMA: $0.6200
    • 200-day SMA: $0.5800
  • Trading Volume Trends: A 20.02% increase in 24-hour trading volume suggests growing investor interest.
  • Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
  • Momentum: Price is neither overbought nor oversold currently.
  • Support and Resistance: Nearest Support Zone is $0.40. Nearest Resistance Zone is $0.80, then $1.10.

Latest News

  • Formation of the Artificial Superintelligence Alliance: Fetch.ai has collaborated with SingularityNet and Ocean Protocol to establish the Artificial Superintelligence Alliance.
  • Fetch Compute Initiative: On March 5, 2024, Fetch.ai announced a $100 million investment in infrastructure, introducing “Fetch Compute.” This platform deploys advanced Nvidia GPUs to bolster AI development capabilities, offering Fetch Compute Credits to FET stakers.
  • Administration and Restructuring: In early 2024, Fetch.ai’s UK operations faced financial difficulties, leading to administration proceedings. The assets were subsequently acquired by Assmbl.ai, a new entity established by Fetch.ai’s founder, Humayun Sheikh.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

Harsh PanghalHarsh Panghal

Harsh Panghal

Get Daily Updates

Crypto News, NFTs and Market Updates

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

S.Korea Cuts Out Bitcoin Strategic Reserve Considerations: Report

South Korea's central bank, the Bank of Korea (BOK), has taken a cautious stance on including bitcoin in its foreign exchange reserves, per a Korea...

Bitcoin Slumps, Cardano, Ripple Drop 5%

Bitcoin (BTC) started Monday in the red with a 2% drop over the past 24 hours, according to CoinDesk Indices data, leading to heaviness in...

U.S. Treasury Secretary Scott Bessent Calls Corrections Normal, Suggesting a Higher Pain Threshold for the ‘Trump Put’

On Sunday, U.S. Treasury Secretary Scott Bessent described asset market corrections as healthy, suggesting a greater tolerance for pain before the much-anticipated policy support or...

XRP Price Prediction: XRP Set for a Major Surge? Analysts Predict $15 Potential Amid Key Resistance Test

The price of XRP has been making waves in the cryptocurrency market, drawing attention from investors and analysts alike. As Ripple continues to face legal battles...

Most Popular