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As the market leader, Bitcoin (BTC) price approaches the $65k level, the Artificial Intelligence (AI) category has gained significant traction over the past few hours. Moreover, some tokens have recorded a double-digit gain within a short period. Will the FET price break out of its important resistance level of $1.
Artificial Intelligence (AI) witnessed a massive adoption in 2024, with its utility rapidly expanding to every sector. The emerging technology found its way into cryptocurrency, offering investors an innovative blend of AI-powered solutions and blockchain's decentralized infrastructure.
FET may be on the verge of registering a massive rally, which could push the token up by 100%.
Artificial Superintelligence Alliance (FET) has remained on the radar of investors, especially as AI coins have been one of the best-performing altcoins this cycle. In the last 365 days, FET's price has increased by a staggering 585%.
FET has experienced a 5% decline over the past week and now faces further downward pressure as dormant token holders reactivate and move their coins.
FET's price could drop by 20% to reach the $1.03 level as it fails to hold a crucial support level.
Fetch.ai partners with Imperial College London's I-X Hub and launches a $10 million fund for AI startups and innovative tech development.
The lab's establishment could accelerate AI innovation, foster industry-academia collaboration, and drive impactful technological advancements globally. The post Fetch.ai opens new lab in London, focusing on AI, machine learning, and autonomous systems appeared first on Crypto Briefing.
Bitcoin (BTC) slipped below $61,000 earlier today and is down almost 3% over the past 24 hours as it struggles to maintain its position above $60,000. According to analytics firm Santiment, the crypto market has turned bearish, which has impacted several assets, including BTC, Ethereum (ETH), Solana (SOL), and Ripple (XRP).
Return to our column on the analysis of the crypto world, today we will cover three assets in particular: FET, ONDO, BLUR.
With the growing advancement of the crypto market and the world becoming more digital, investors are looking for the next prospects that they think can provide them with high profits.
Nvidias stock has hit a six-week high, triggering sharp rallies in AI tokens NEAR, TAO, and FET. Analysts expect the bullish trend to continue as Nvidia unveils more AI advancements at its summit.
FET exhibits bullish patterns but is set for a decline.
AI coins have witnessed significant price gains alongside the Nvidia stock, which hit a six-week high with recent bullish developments for the company. These coins have a positive price correlation with the NVDA stock and could continue to rally with the tech company expected to make some bullish announcements at its summit which began today.
Artificial Superintelligence Alliance (FET) has been on a downward trend since September 25, losing 9% of its value. While the dip might appeal to investors seeking buying opportunities, the token's technical setup indicates a potential further decline of up to 50%.
FET is showing renewed positive strength, with recent price action suggesting a breakout toward the $1.8 resistance level may be on the horizon. After bouncing back from key support zones, the cryptocurrency has caught the attention of traders as upward pressure begins to build.
It appears that the Artificial Superintelligence Alliance (FET) is poised for a massive price decline as it has formed a bearish price action pattern on a daily time frame. In addition, FET's on-chain metrics such as future open interest, Long/Short ratio, and liquidation levels are signaling bearish market sentiment and potential price decline.
Recent price action is painting a bearish picture for FET, with the Relative Strength Index (RSI) signaling the potential for further declines. As the RSI hovers in bearish territory, the momentum seems to be favoring sellers, raising concerns of a deeper downturn.
OpenAI's latest funding could be a great development for the Sam Altman-led company. However, for Artificial Intelligence (AI) coins, including Bittensor (TAO) and Artificial Superintelligence Alliance (FET), it is a classic “sell the news” event.
For now, however, the poor short-term performance does not seem to have affected the medium-term one.
AI and big data tokens lose ground, with NEAR suffering the biggest hit amid a broader market decline.
FET price has seen significant price action recently, driven in part by shifting market sentiment following CUDOS' addition to the Artificial Superintelligence Alliance (ASI). Despite this development, some concerns have emerged regarding FET's price potential.
With BTC's price holding its value above the $64k level, the market has experienced increased bullish action. Moreover, the memecoin and AI categories have recorded the highest gains within a short period.
FET price is showing some unusual patterns that could impact its direction in the near future. Recent activity from major holders has caught attention, raising questions about what's next for the token.
