Fetch.ai forecast shows that FET has failed to gain any significant growth over the moving averages.
Crypto Intelligence: Fetch.ai faces a downturn!
In the ever-changing cryptocurrency landscape, Fetch.ai (FET) is at a crossroads. Once a shining star at the dawn of artificial intelligence in March 2023, it now navigates uncertain waters, sparking speculation about its future trajectory.
Fetch.ai prediction statistics:
Fetch.ai Current Price – $2.16
Fetch.ai Market Cap – $1.6 billion
Fetch.ai Circulating Supply – 845.9 Million
Fetch.ai Total Supply – 1.1 Billion
Fetch.ai Coinmarketcap Ranking – #50
FET/USD Market
Key Levels:
Resistance levels: $3.60, $3.80, $4.00
Support levels: $0.85, $0.65, $0.45
FETUSD – Daily Chart
FET/USD
The bulls have not been able to push the price towards the upper boundary of the channel due to the bearish pressure. The price has been trading in the negative direction as sellers dominate the market.
Fetch.ai Price Prediction: FET prices could rise
Fetch.ai price is currently hovering around $2.16, but if it rebounds above the daily high of $3.0 and faces the upper boundary of the channel, the market may move up and may encounter resistance levels of $3.60, $3.80, and $4.00. Meanwhile, if the bears increase the selling pressure and break below the lower boundary of the channel, they may find key support levels of $0.85, $0.65, and $0.45, and FET/USD may fall.
FET/BTC bearish trend
Looking at the daily chart, FET/BTC is heading south and the price has not yet recorded a huge increase. However, if the bulls return to the market, buyers may continue to accumulate momentum and the price may start to rise.
FETBTC – Daily Chart
However, if the bullish movement pushes towards the upper boundary of the channel, the FET price could rise to the resistance level of 5000 SAT and above. Meanwhile, from below, if the bears increase the pressure and break below the current market value, the price could drop to new lows at 1500 SAT and below.
Meanwhile, @AltCryptoGems advised his 4.189 million followers on X (formerly Twitter) to patiently wait for $FET to get accepted in the designated green zone. This move could spark a Power of 3 setup. Given $FET’s position as an AI leader, ensuring you find an optimal entry point should be at the top of your agenda.
Wait patiently for the $FET to be accepted in the green zone and see if the Power of 3 setting will appear.
$FET is the king of AI, so finding a good entry point should be your first priority.
pic.twitter.com/NSUnBNpMaB
— Sjuul | AltCryptoGems (@AltCryptoGems)
April 13, 2024
Fetch.ai Alternatives
If the bullish market trend continues, Fetch.ai price could rise near the upper boundary of its trading channel, potentially encountering resistance at $3.0. Although Fetch.ai has a significant $1.6 billion valuation and ranks #50 on CoinMarketCap, its growth potential could be limited due to its current size. However, the newly launched $DOGEVERSE token offers an innovative solution for creating memes, leveraging advanced AI technology and user-friendly prompts. Meanwhile, with presales already exceeding $3.7 million, investors may see this as a time to consider an investment opportunity.
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