Yahya 
Driven by growing interest in AI-powered cryptocurrencies, FET—the native token of Fetch.ai—has seen significant increase—25.11% in just one week. Great market momentum is obviously shown by the token’s price spike of 32.54% from a $1 base within five days.
FET’s increasing trend fits growing demand for AI-based projects as seen by an 8.21% increase over the preceding 24 hours. Right now it comes at $1.34. FET has shown resilience and expansion against general market swings brought on by Bitcoin’s volatility and macroeconomic events including CPI numbers.
The FET price chart technically indicates a declining channel pattern suggesting a likely reversal. Over the past week the token has gained pace and began a positive trend. Strong histograms and a bullish MACD crossover work together to maintain this trend, implying increasing buying activity and a breakout’s probability.
FET is running against resistance around $1.5596 approaching its 200-day exponential moving average (EMA). Should momentum keep, the continuous gain might propel the token to attain noteworthy price levels such $1.8943 and $2.2090.
Generally speaking, the market is in decent health, suggesting more likely upward progress even if a little dip below $1.28 is possible. Investors are attentively waiting for a likely golden crossover to support FET’s ranking as a top-performing coin with artificial intelligence oriented.
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The information in this article does not provide any investment advice.