Fetch.ai Price Prediction: FET Increases by Another 5% as Top Analyst Predicts Imminent Breakout and Experts Say This Revolutionary New AI Meme Coin Could Multiply 10X.

Fetch.ai Pricing pumping It has traded up more than 5% in the last 24 hours. As of 9:55 a.m. EST, it is at $0.9604 as investors rush to buy the AI ​​cryptocurrency.

and a cryptocurrency analyst who goes by the pseudonym The Flow Horse. said His 202,100 followers predicted that FET price would soon hit a new all-time high.

In the post, the analyst noted that FET’s spot cumulative volume delta (CVD) has been steadily increasing. According to analysts, this suggests that market participants are rapidly accumulating altcoins.

There is a risk that the price of Fetch will break out of the bullish channel.

FET/USDT 4-hour chart (Source: TradingView)

that much Fetch.ai The price has formed a medium-term positive price channel over the past few days, but there is a risk of breaking out of this channel in the next 12 hours. If the altcoin closes a 4-hour candle below the lower limit of the bullish channel, it may fall towards the immediate support level of $0.8600 in the next 24 hours. A drop below this important price range could put cryptocurrencies at risk of plummeting altogether. In the short term, it will fall to $0.6520.

This bearish theory may be invalidated if Fetch.ai price bounces from the lower boundary of the bullish price channel in the next 8 hours. In this alternative scenario, FET could continue its bullish trend, which could lead it to challenge the next major resistance level at $1.1180 in the coming days.

Tech experts warn that Fetch price may continue to fall.

technical indicators complete The 4-hour chart suggests that altcoins may continue to decline over the next 24 hours. Both Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are bearish.

The MACD line recently crossed below the MACD signal line. Traders generally view this as a key technical signal confirming that a cryptocurrency has entered a short-term downtrend. Sellers have an advantage over buyers because RSI is breaking below the simple moving average (SMA) line. If these technical flags are verified, Fetch.ai price could soon test the $0.860 support level.

While Fetch.ai is trying to maintain a bullish channel, another AI project Artificial Intelligence Scotty It is quickly gaining traction in the cryptocurrency market, with presales reaching $500,000.

AI enhancements to Meme Coin and cryptocurrency

The face of the AI ​​Scottie is the Scottish Terrier, a dog breed known for its incredible intelligence and extreme loyalty. This aligns perfectly with AI Scotty’s integration, which allows you to explore endless lines of code to extract valuable insights that even veteran blockchain developers might otherwise miss.

Scotty the AI: The Next Meme Coin Trend to Watch https://t.co/UNnEiHXGzW

🔥Purchase your pre-sale here https://t.co/zRmy4g8hfW pic.twitter.com/zcd8qeRJZB

— Scotty The Ai (@ScottyThe_Ai) February 16, 2024

We aim to gain the trust of the Meme Coin community.

Cryptocurrency communities are built on trust. This is even more true in the meme coin space. Therefore, AI Scotty’s main goal is to establish itself as a recognized and reputable figure in the meme coin sector.

Once established as a trusted insight detection tool, the project will unlock a suite of sophisticated AI-based solutions to traders aimed at enhancing security, protecting against fraud, and mitigating risk during trading.

Several AI-based products are already available within the Scotty AI ecosystem. One of the project’s flagship products is Scotty Swap. This is an AI-based decentralized exchange that maximizes traders’ profits while ensuring the security of all transactions through AI.

There is also ScottyChat, an AI cryptocurrency companion that allows you to discuss various cryptocurrencies with investors. It also provides market insights and helps investors navigate the complex Web3 space.

Scotty available for purchase here.

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