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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.
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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.
Buy Now 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.
- 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.
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