Fetch.ai Price Prediction: FET Up 43% in One Week as This New AI Meme Coin Races for $500,000.

adminFebruary 20, 2024

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Fetch price has surged 15% in the last 24 hours. Traded for $0.9501 As of 6:56 a.m. EST, trading volume was down 7% to $289 million.

FET prices surged 43% last week to a two-year high after Deutsche Telekom announced it had partnered with an AI platform to support blockchain advancements.

It’s a monumental day!
Deutsche Telekom (@Telecom_MMS) has joined the Fetch Foundation as a corporate partner. #verifier network through subsidiaries. @mms_blockchain.
Learn more below 👇https://t.co/v58DtHPj4J
— Fetch.ai (@Fetch_ai) February 13, 2024

The price of Fetch.ai is also rising after OpenAI announced its latest AI tool, Sora. This announcement had a positive impact on other AI altcoins such as WLD and ARKM.

Fetch.ai price is trending beyond the upper boundary of the ascending triangle.

Fetch.ai price chart analysis Source: Tradingview.com — FETUSD Chart Analysis Source: Tradingview.com

Fetch.ai price has been trending upward since November after exiting a consolidation phase around $0.2. However, February saw an even bigger increase, with FET recording an impressive increase of 86.98%. This surge allowed the bulls to utilize $0.508 as a support zone.

The upward trend allowed the bulls to break the upper boundary of the ascending triangle.

FET is currently trading above the 50-day and 200-day simple moving average (SMA), confirming its bullish momentum. The Relative Strength Index (RSI) also supports this sentiment as it is trading above the 80 level, which is in the overbought area of the 70 level. This indicates strong buying pressure as the bulls try to push the price even higher.

FETMACDADX

Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is trading above the signal line (orange), indicating a bullish crossover. This invites more entry points because it indicates the price could go much higher.

Additionally, the green bar extends upward from the zero line, indicating a continued bullish trend. The Average Directional Index (ADX) is currently at 30 and is moving north, showing a strong trend.

Fetch.ai price prediction

Fetch.ai price long-term analysis shows signs of continued bullish momentum with a breakout of the upper boundary of the ascending triangle pattern. With this, the bulls aim to push the price higher, targeting $1.30, an increase of 35.10% from the current price.

Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.2475, indicating a long-term bullish outlook for the Fetch price. However, in the opposite scenario, if the bears take control of the price, it could lead to a retracement as they aim to reclaim the support zone at $0.508.

Investors looking for a cryptocurrency with strong potential are exploring Scotty the AI, an AI integration project that analysts say has 10x the potential at launch.

Scotty AI Presale Race to $500,000 – What’s the Best Meme Coin You Can Buy Now?

that much AI Scotty The pre-sale brought in $483,103 in seed funding, meeting its goal of $542,839.

🚨Sold out quickly in 4 steps!
There is only 800,000 won left.
Stages 1 to 3 also ended too early.
⚠️ The price increases from level 5, so don’t miss it.
Buy $Scotty Pre-sale at https://t.co/zRmy4g8hfW#blockchain #memecoin #Binance #Ticketing #Ethereum #Cryptocurrency pic.twitter.com/XkVA1qg1mG
— Scotty The Ai (@ScottyThe_Ai) February 18, 2024

Through the project’s AI integration, AI Scotty plans to change the community’s perception of security and fraud detection within the blockchain industry. The project has already set up AI-based features aimed at providing utility to the meme coin while also helping the community.

One such feature is Scotty Swap, a platform that facilitates seamless and rapid token exchanges. The second feature is ScottyChat, a chatbot that provides users with market insights and provides easy access to the digital asset space.

Currently in the 4th funding stage, Buy $SCOTTY tokens at a discounted price of $0.0053.

$SCOTTY Stake, 259% Annual Rewards

You can also earn passively from the platform. Staking $SCOTTY Tokens It earned an impressive Annual Percentage Yield (APY) of 259%.

Crypto analyst and YouTuber Jacob Bury says Scotty, the AI, could potentially deliver 10x the performance at launch.

If you would like to participate in the pre-sale, you can purchase tokens here: Scotty AI official website Exchange ETH or USDT for $SCOTTY. You can also make purchases using your bank card.