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The Fetch.ai price prediction shows that FET couldn’t fetch any significant growth above the moving averages.
Cryptocurrency Intelligence: Fetch.ai Facing Downturn!
In the ever-changing landscape of cryptocurrencies, Fetch.ai (FET) is at a crossroads. Once a shining star in March 2023, heralding the dawn of artificial intelligence, it now navigates uncertain waters, prompting speculation about its future trajectory.
Fetch.ai Prediction Statistics Data:
- Fetch.ai price now – $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
FET/USD bulls could not push the price toward the channel’s upper boundary because of bearish pressure. The coin has been trading on the negative side as the sellers dominate the market.
Fetch.ai Price Prediction: FET Price Could Spike to the Upside
The Fetch.ai price is hovering around $2.16, but the market may go up if it bounces above the daily high of $3.0 to face the upper boundary of the channel, which could hit potential resistance levels of $3.60, $3.80, and $4.00. Meanwhile, FET/USD may sink if the bears increase the selling pressure, and crossing below the lower boundary of the channel could locate the critical support levels of $0.85, $0.65, and $0.45.
FET/BTC Moves Bearishly
Looking at the daily chart, FET/BTC is seen heading toward the south as the coin is yet to record a tremendous gain. However, the buyers may continue to gather momentum, and it is likely that the coin to begin an upward movement if the bulls return to the market.
Nevertheless, a bullish movement toward the upper boundary of the channel could push the FET price to the resistance level of 5000 SAT and above. Meanwhile, looking from below, the Fetch.ai price is likely to cross below the lower boundary of the channel if the bears increase the pressure, breaking below the current market value may bring the price to the new low of 1500 SAT and below.
In the meantime, @AltCryptoGems advised his 418.9k followers on X (formerly Twitter) to exercise patience as they await $FET’s acceptance within the designated green box. This move could potentially trigger a Power of 3 setup. Given $FET’s status as the AI leader, securing an optimal entry point should be paramount on your agenda.
Patiently waiting for $FET to find acceptance inside the green box to see if it will get a Power of 3 setup.$FET is the king of AI, so finding a nice entry should be at the top of your priorities. pic.twitter.com/NSUnBNpMaB
— Sjuul | AltCryptoGems (@AltCryptoGems) April 13, 2024
Alternatives to Fetch.ai
The Fetch.ai price may face upward movement near its trading channel’s upper boundary, possibly encountering resistance at $3.0 if bullish market trends prevail. Despite Fetch.ai’s significant $1.6 billion valuation and 50th rank on CoinMarketCap, its growth potential may be limited due to its current size. However, the newly introduced $DOGEVERSE token presents an innovative solution for meme creation, utilizing advanced AI technology, and user-friendly prompts. Meanwhile, with its presale already exceeding $3.7 million, investors may view this as an opportune time to consider investment opportunities in the token.
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