FET is facing strong downward pressure as bearish signals take hold, with the Relative Strength Index (RSI) suggesting further weakness could be on the horizon. Recent declines have pushed FET's price closer to key support levels, and the RSI's current reading hints at a continuation of the bearish trend.
Despite the lackluster performance of many cryptos this week, a few altcoins crypto whales bought and increased their exposure.
Injective (INJ), a leading player in the decentralized finance (DeFi) space, is capturing the attention of traders and investors as it strives to reclaim the $35 mark. After consolidating above its previous all-time high set in 2021, INJ is at a pivotal point where its next moves could dictate significant price action in the near future.
NTT Digital, part of Japan's largest telecom, joins Injective (INJ)as a validator, enhancing the blockchain's security and expanding its influence in Asia's Web3 market.
The Artificial Superintelligence Alliance token, FET, is currently at a pivotal moment as it approaches the significant resistance level of $1.49. The altcoin has been on a bullish path since breaking through a descending trendline that had previously served as resistance.
Injective consolidates above 2021 high, aiming for bullish breakout and higher gains.
Bitcoin (BTC) and other cryptocurrencies suffered a setback, registering a substantial drop late on October 21 and early on October 22. BTC dropped over 2% over the past 24 hours, while Ethereum (ETH) dropped further and is currently down by 3.54% over the past 24 hours, losing the $2,700 price level.
FET nears $1.49 resistance with surging on-chain activity.
Injective (INJ) has recently caught the attention of cryptocurrency enthusiasts and investors alike, as it showcases a significant volume surge of 340%. This surge has led to discussions about the token's potential to break through critical resistance levels, particularly the key mark of $24.
Surging volume and bullish sentiment are driving optimism for INJ's breakout, but challenges remain.
A $50B global market cap is on the horizon for artificial intelligence based crypto, but multiple token unlocks are luring.
With the crypto market turning bullish, investors are optimistic about altcoins. This attention will most likely end up on AI Crypto or Artificial Intelligence-based cryptocurrencies due to the upcoming NVIDIA earnings in November.
With the Bitcoin price reaching above $68,000 momentarily, the anticipation of a new altcoin high by the end of the year is increasing. Amid the increasing chances of a bull run following the altcoin rally, the AI tokens quickly grow.
Bitcoin (BTC) continued to rise as it edges to $68,000, with the world's largest cryptocurrency up by 0.65% over the past 24 hours. The crypto market had a mixed day, with BTC, Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), and Litecoin (LTC) posting gains.
Will Upbit's influence on MEW repeat itself as far as Injective's INJ is concerned?
Injective (INJ) briefly surged to a 16-day high of $23.09 on Thursday, following its listing on South Korea's leading crypto exchange, Upbit. Since then, the price has corrected by 7% and is now trading at $21.28.
TL;DR Dtravel has joined the Fetch.ai Foundation, a nonprofit organization that promotes the integration of artificial intelligence and decentralized technologies. The platform has launched an AI-powered travel agent in the Fetch.ai marketplace, allowing developers to integrate this technology into their applications.
Dtravel's AI agents will bring peer-to-peer rentals to Fetch.AI's blockchain.
The Injective crypto has constantly been the talk of the town owing to its scheduled listing on Bitfinex. The Injective project is one of the most successful projects of the Cosmos Network and remains on the radar of investors and traders alike.
Injective price has soared more than 10% today, crossing the brief $23 mark, echoing the positive sentiment hovering in the broader market. The rally comes as the INJ crypto secures a major listing on a leading Korean exchange, indicating the exchange's confidence in the crypto.
The crypto markets are facing a mid-week bearish heat after a bullish start, which may hinder the progress of the rally for a while. The AI tokens, which gained immense attention in a short while are consolidating, which may be a bullish signal.
Paxos has launched the yield-bearing stablecoin wrapped Lift Dollar (wUSDL) on Injective, according to an announcement on October 16. Lift Dollar is a new yield-bearing stablecoin pegged 1:1 to the US dollar. The United Arab Emirates-regulated Paxos International, an affiliate of Paxos, launched Lift Dollar (USDL) in June this year.
The token has experienced a remarkable increase in value, surging by 18% after breaking through a key resistance level. This significant price movement has raised questions about the impact of whale activity and overall market sentiment on FET's future.
As we are about to step in 2025, uncertainty seems to be a recurring theme, whether in financial markets, personal investments, or even securing digital assets. People are constantly seeking stability and reliability amidst these challenges.
Paxos introduces Wrapped Lift Dollar (wUSDL) on the Injective (INJ)Network, offering users a stablecoin that earns yield from treasury bills, enhancing DeFi interactions.
FET tests a major resistance level as whale activity spikes.
A closely followed crypto analyst and trader believes that Bitcoin (BTC) has more gas left in the tank despite its latest surge. Pseudonymous analyst Altcoin Sherpa tells his 224,900 followers on the social media platform X that he's bullish on Bitcoin after reclaiming support at around $60,000.
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.
Bitcoin (BTC) registered a weekend bounce after briefly dropping below $60,000. The world's largest cryptocurrency has been up by almost 3% over the past 24 hours and is currently trading around the $64,500 mark, with buyers eying the $65,000 price level.
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.
Injective Protocol, a DeFi-centric platform using Cosmos tech, is gaining traction, looking at the gas fee revenue distributed to its validators in Q3 2024. While INJ, the native currency of the protocol, is under pressure, cooling off after rallying to as high as $52 early this year, the recent development is a huge confidence boost.
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.
Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world's largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500.
INJ showed resilience throughout the September rally, but a hidden risk still lingers, threatening to undermine its recovery potential.