Fetch.AI Price Prediction: How Far Can This FET Rally Go?
$FET, $AGIX, and $OCEAN will merge into $ASI on July 5th
Bitcoin's price has fallen below $60,000, whereas altcoins are demonstrating robust signs of rebound.
$FET debuted through an initial coin offering (ICO) in February 2019 and entered the market at approximately $0.33 later that month.
FET’s price began its significant uptrend on November 26, 2022, starting at a support level of $0.050.
This rally peaked at nearly $3.480 by March 28, marking the conclusion of this bullish phase.
Three months after this ATH, FET crashed nearly 68%, setting up a local bottom at $1.104 and trading within a falling channel pattern.
FET will be replaced by a new merged token called Artificial SuperIntelligence (ASI) on centralized exchanges (CEXs).
After the news broke, whales seized the opportunity during the market panic to buy at lower prices, causing FET to skyrocket suddenly.
The price took support near the channel bottom as well as coincided with the 23.60 Fibonacci level.
In the last seven days, FET's price is up by 42%. Yesterday, it formed a Bullish Engulfing pattern and found support from the 200-day EMA.
According to Coingabbar Prediction, Further, the next bullish push may lift the levels above the 0.5 Fibonacci retracement level at $1.8, provided the market sentiments.
KEY LEVELS :
RESISTANCE LEVEL : $2.750-$4.000
SUPPORT LEVEL : $0.050-$0.007
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
