Crypto Analyst Says This AI Altcoin Will Hit A Fresh ATH After 300% Rally
22 Dezembro 2023 - 3:08AM
NEWSBTC
The anonymous crypto analyst Rekt Capital’s observations point to a
promising future for the artificial intelligence (AI)
cryptocurrency project, with a focus on Fetch.ai (FET). Along with
with a sizable 377,500 followers on the social media network X, the
analyst offers a bullish prediction, stating that Fetch.ai is about
to reach a new all-time high (ATH). Rekt Capital’s investigation
shows that the machine learning platform is presently experiencing
a notable upswing following a successful retesting of a critical
price level. Related Reading: Injective (INJ) Hits New ATH At $44 –
Is $50 Next This Christmas? Technical Analysis Illuminates Fetch.ai
Momentum The spotlight placed on Fetch.ai’s retest points to a
technical analysis viewpoint in which the price behavior of the
project at this crucial level acts as a key predictor of potential
future profits. FET has increased over 300% since the
cryptocurrency watchlist, claims Rekt. In terms of fluctuation in
price, the AI cryptocurrency went up from $0.53 on December 9 to
$0.67 on December 16. $FET Up almost +300% since the Altcoin
Watchlist Now trying to breach one of the final resistances before
new All Time Highs Weekly Close above the red resistance would be
bullish#FET #Fetchai #Crypto https://t.co/kNZBSTw7Nw
pic.twitter.com/KUlU5ovkzH — Rekt Capital (@rektcapital) December
15, 2023 Additionally, the technical analysis presents a positive
picture for the cryptocurrency Fetch.ai, which has seen 60% of
“green” trading days. Additionally, Fetch.ai is showing bullish
indications from almost 30 technical indicators. The rise in
cryptocurrencies with an AI focus indicates a rising awareness of
the possibilities at the nexus of blockchain technology and
artificial intelligence. An illustrative case in point is the
significant increase in the value of Fetch.ai (FET) that followed
its partnership with SingularityNET (AGIX). FETUSD currently
trading at $0.77175 on the daily chart: TradingView.com The
collaboration between Fetch.ai and SingularityNET most likely
represents a strategic relationship with the goal of maximizing the
technological synergies between the two enterprises. SingularityNET
is a platform that facilitates the production and trading of AI
services. Fetch.ai could gain from SingularityNET’s experience and
skills. Earlier this week we announced we’ve strategically
partnered with @SingularityNET to tackle some of #AI‘s biggest
challenges! 🤖 This partnership focuses on overcoming #LLM
hallucinations and enhancing multi-step reasoning 💡 Read all of the
details 👇https://t.co/2WWukiqqH0 — Fetch.ai (@Fetch_ai) December
17, 2023 Crypto And AI Synergy: Catalyst For Innovation This
partnership is proof of the expanding fusion of blockchain and
artificial intelligence (AI), which many investors think has the
potential to usher in a new wave of innovation in the
cryptocurrency space. At the time of writing, FET was trading
$0.76, up 7.5% in the last 24 hours, and sustaining a weekly gain
of 10% in the last week, data from Coingecko shows. $FET FET
performed a picture-perfect retest of the purple level as support
this week Trying again to break beyond the red resistance Very
close to challenging for new All Time Highs Just needs to break
this red resistance and flip it to support#FET #Fetchai #Crypto
https://t.co/oCKhEegMyV pic.twitter.com/UptI8o74B1 — Rekt Capital
(@rektcapital) December 19, 2023 Related Reading: NEAR Hits New
High Since 2022 – Will The Bears Get In The Way? There is a chance
that FET would reach new all-time highs, which would be a
challenge. According to Rekt, the crucial next step in realizing
this potential is to successfully break through the red resistance
and turn it into a level of support, which would represent a
turning point in the price trend of FET. All of this information
was considered by industry experts when developing their Fetch.ai
price forecasts. They anticipate that Fetch.ai’s value will reach
$0.77 by the end of 2023, making it an intriguing DeFi coin to
monitor. Featured image from Shutterstock
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