Fetch.ai Price Prediction: FET Pumps 14% Uplift in Nvidia Revenues as AI Cryptocurrency Booms and Analysts Say This New Solana Meme Coin Could Surpass BONK, WIF and MYRO

The price of Fetch has surged 14.5% in the last 24 hours. Traded for $1.12 As of 8:15 a.m. EST, trading volume was up 10.5% to $612 million.

The surge comes after AI chipmaker Nvidia reported fourth-quarter results that beat market expectations, sending much of the AI ​​cryptocurrency sector higher.

Including other AI cryptocurrencies set to surge Render (RNDR), Akash Network (AKT), and Bittensor (TAO) all rose by double digits.

Fetch.ai Price Bullish Momentum Above Sustains Bullish Pennant

FETUSD Analysis by Tradingview

Fetch.ai price shows a continued upward trend even after exiting the consolidation phase. However, the resistance level at $0.78 has led to the formation of a bullish pennant, which signals a reversal in the bullish trend.

However, the uptrend worked for the pennant, showing resilience at the $0.4424 support zone and pushing the price above the $0.78 resistance line, confirming the uptrend to the $1.17 resistance level.

The technical indicator has a bullish bias as the price rises above the 50-day and 200-day simple moving averages (SMAs), which act as immediate support for the current price. Moreover, the moving average intersection at $0.2504 confirms the overall bullish outlook.

At the same time, the uptrend Relative Strength Index (RSI) rebounded from 38, indicating a surge into overbought territory at 84, indicating strong buying pressure on the Fetch price.

FETUSD MACD Analysis by Tradingview

MACD indicates a bounce below the neutral line, and it surges gracefully as the blue moving average crosses the orange signal line, confirming the bullish trend. Additionally, the histogram indicates a positive outlook as the bars are above the neutral position.

Fetch.ai price may decline in the short term.

Currently, Fetch.ai’s price trajectory is at a critical point as the bulls are rejected at $1.17 resistance. If bearish sentiment prevails, the price may face downward pressure towards the $0.78 support zone as investors with a bearish outlook on FET look to profit from a potential decline. However, further strength continuation above $1.17 is possible as the bulls aim to reach new levels at the $1.22 high.

Meanwhile, if you missed the FET surge, you may want to consider diversifying your portfolio with Smog. Analysts say Smog is well-positioned to outperform Solana competitors BONK, WIF and MYRO.

SMOG, a promising alternative offering the largest airdrop ever

smog, Solana The latest addition to the meme coin craze is going from strength to strength and has established itself as one of the best cryptocurrencies of the year.

The SMOG project has already earned a reputation for its fair launch, listing on a fully decentralized exchange, and launching the Solana-Ethereum bridge.

It also promises the mother of all airdrops. SMOG will allocate 35% of the 1.4 billion supply for airdrops. So if you missed Jupiter’s landmark $700 million airdrop on Solana, get ready to take advantage of the most generous distribution in the Solana ecosystem.

To qualify, investors must purchase and hold Smog tokens in their wallet to earn airdrop points. You can also earn more airdrop points by participating in the Zealy campaign, which currently boasts a community of 10,000 airdrop participants actively participating in various quests. To date, 400,000 quests have been completed.

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Additionally, the Smog team is airdropping tokens to investors in other projects such as Bonk, Dogwifcoin, Myro, and Samoyedcoin.

Buy and stake SMOG for a 10% discount

you can Buying and Staking SMOG Get a 10% discount directly on the Smog website on the Ethereum network. Additionally, you can earn up to 42% Annual Percentage Yield (APY) and significant airdrop points.

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Buy or Stake ERC-20 $smog Buy tokens at 42.0% APY through our website.💰

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— Smog (@SMOGToken) February 10, 2024

Visit here to purchase Smog.

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