Fetch.ai Price Prediction: FET Drops 6% as Traders Switch to This 2.0 Meme Coin with 100x Potential

adminApril 1, 2024

join us telegram A channel to stay up to date on breaking news coverage

The price of Fetch has plummeted 6% in the last 24 hours. Trade for $3.10 As of 1:15 a.m. EST, trading volume was down 28% to $337 million.

Despite the slight decline, FET shows a positive trend with an overall optimistic tone. It soared 17% last week and a whopping 83% last month.

Fetch.ai price maintains bullish momentum

FETUSDT Analysis by Tradingview

Fetch.ai price shows a steady upward trend after breaking out of the consolidation phase, maintaining momentum within a rising wedge pattern.

The price is falling towards the lower trend line of the wedge, which has continued to provide strong support for the price of Fetch.ai.

Technical indicators indicate a bullish bias with buyers pushing the price above the 50-day and 200-day simple moving averages (SMAs). Additionally, the moving average intersection at $0.3094 confirms the overall bullish sentiment towards the Fetch price.

Despite the slight decline, the Relative Strength Index (RSI) bounced back from 53 to 60, suggesting an overall upward trend. As momentum increases, we can expect RSI to enter overbought territory, indicating strong buying pressure.

MACD also supports the bullish trend, bouncing below the neutral line and showing a graceful upward trend with the blue moving average crossing the orange signal line. The histogram also reflects a positive outlook, with bars placed above neutral positions.

Fetch.ai price prediction

Currently, Fetch.ai’s price trajectory is at a critical point as the bulls are being rejected by the $3.47 resistance. If bearish sentiment prevails, the price could face downward pressure towards the $2.91 support zone as investors with a bearish outlook on FET look to profit from a potential decline.

However, further strength continuation above $3.47 is possible as the bulls aim to reach the high level of $4.3.

Meanwhile, if you missed the FET surge, consider turning your attention to the SpongeV2 meme coin, which could yield a 100x return on your investment.

SPONGEV2: Best Meme Coins to Buy Today for 100x Profits

Investors are showing great interest. Sponge V2 Amid rumors that it will be listed on several famous exchanges.

SpongeV2 builds on the achievements of its predecessor, Sponge V1. SpongeV1 has created quite a buzz, delivering 100x returns to early adopters in 2023, and has even reached a peak market capitalization of $100 million.

#SpongeV2 Explosion in 2024 🚀🔥#Cryptocurrency #memecoin #how #100x pic.twitter.com/GQQSbLPNla
— $SPONGE (@spongeoneth) March 29, 2024

Sponge V2 offers enhanced features and greater benefits to token holders. The staking feature offers holders an attractive Annual Percentage Yield (APY) of 169% on Ethereum and 379% on the Polygon network.

The platform also plans to launch a play-to-earn racer game that will be available in both paid and free versions. In the paid version, SPONGE is used as in-game credits and rewards are given in Meme Coins.

Don’t fall behind… Again 🧽☀#sponge #SpongeV2 #memecoin pic.twitter.com/moe6mphwPi
— $SPONGE (@spongeoneth) March 17, 2024

Analyst and cryptocurrency YouTuber Jacob Bury considers SpongeV2 to be one of the best meme coins to invest in this year, saying it has the potential to explode 1000x upon launch.