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Fetch.ai’s price forecast shows that FET was unable to achieve significant growth above the moving averages.
Cryptocurrency Intelligence: Fetch.ai Faces Recession!
In the ever-changing landscape of cryptocurrencies, Fetch.ai (FET) finds itself at a crossroads. Once a shining star in March 2023, heralding the dawn of artificial intelligence, it is now navigating uncertain waters, prompting speculation about its future trajectory.
Fetch.ai prediction stats:
- Fetch.ai price now – $2.16
- Fetch.ai market cap – $1.6 billion
- Fetch.ai circulates offer – 845.9 million
- Total Fetch.ai 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
FET/USD Bulls could not push the price towards the upper limit of the channel due to bearish pressure. The coin traded on the negative side as the sellers dominated the market.
Fetch.ai Price Prediction: FET Price May Move Upwards
The Fetch.ai price is hovering around $2.16, but the market may rise if it bounces above the daily high of $3.0 to reach the upper limit of the channel, which represents potential resistance levels of $3.60, $3.80 and Could hit $4.00. Meanwhile, FET/USD could decline as the bears increase selling pressure, and if the channel lower boundary is breached, the critical support levels at $0.85, $0.65, and $0.45 could be found.
FET/BTC moves bearish
Looking at the daily chart, we see that FET/BTC is moving south as the coin has yet to post huge gains. However, the buyers can continue to gather momentum, and it is likely that the coin will begin an upward move as the bulls return to the market.
Nevertheless, a bullish move towards the upper limit of the channel could push the FET price towards the resistance level of 5000 SAT and above. Meanwhile, looking from below, Fetch.ai price is likely to cross below the channel lower bound as the bears increase the pressure. If the price falls below the current market value, the price could fall to the new low of 1500 SAT and lower.
In the meantime, @AltCryptoGems advised its 418.9k followers on X (formerly Twitter) to exercise patience as they wait for $FET to be accepted within the indicated green box. This move could potentially create a Power of 3 setup. Given $FET’s status as a leader in AI, securing an optimal entry point should be at the forefront of your agenda.
Patiently waiting $FET to find acceptance in the green box to see if it gets a Power of 3 lineup.$FET is the king of AI, so finding a fun entry should be at the top of your priority list. pic.twitter.com/NSUnBNpMaB
— Sjuul | AltCryptoGems (@AltCryptoGems) April 13, 2024
Alternatives to Fetch.ai
Fetch.ai price may see an upward move near the upper limit of the trading channel, possibly encountering resistance near USD 3.0 if bullish market trends prevail. Despite Fetch.ai’s significant valuation of $1.6 billion and ranking 50th on CoinMarketCap, its growth potential may be limited due to its current size. However, the newly introduced $DOGEVERSE token offers an innovative solution for creating memes, using advanced AI technology and easy-to-use prompts. Meanwhile, with pre-sales already exceeding $3.7 million, investors may consider this an opportune time to consider investment opportunities in the token.
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