Fetchai (FET), one of the popular cryptocurrencies of the artificial intelligence industry, attracted attention with its rise in the last 24 hours.
As BTC started to recover, the increase in FET, one of the altcoins that tested the upper levels, attracted attention. Overtaking all artificial intelligence coins in the Top100, FET took the third place in the “Top Rising” list with its 8.87 percent increase in the last 24 hours. Can FET, which has been performing better compared to other altcoins for a while, continue its rise? How does technical analysis progress?
Artificial intelligence enthusiasts trust FET!
With the intermediate corrections of BTC, FET, which pinned the needle to $ 0.4873, started to increase rapidly. The popular coin, which first managed to exceed its daily and weekly opening price, then stepped on the gas. FET, which was based on the $ 0.548 band within hours, finds buyers at $ 0.5461 as of the writing of the news.
If the artificial intelligence craze grows, BTC moves to $40,000, or the news flow throughout the industry remains positive, higher levels can be targeted for FET. With persistence above $0.5486, $0.5632 and $0.5794 can be targeted respectively. The artificial intelligence sector remaining in the background, BTC retreating to $ 35,000 or various Fud news that may come will naturally shake FET. In such a scenario, a pullback to $0.5348 – 0.5172 – 0.4837 – 0.4771 and $0.4597 can be expected, respectively.
What is Fetch.ai (FET)?
It is an ERC-20 based smart contract running on the Ethereum blockchain. FET, which aims to enable its users to create and distribute commercial models with its individual ecosystem infrastructure as a platform, is among the most popular artificial intelligence cryptocurrencies of recent times. While FET saw its lowest value with $ 0.00827 on May 13, 2020, it saw its highest value with $ 1.19 on September 8, 2021. The circulating supply of the cryptocurrency, whose total supply is 1,151,441,226 FET, is 746,113,681 FET.
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