my perspective on #FET . I’ve been following this coin for more than a year, and it’s been an interesting journey. Over the last six months, there’s been a lot of action, including the merging of multiple coins. Before all of this, the coin saw a major price surge, reaching up to $2.60 at one point. More recently, it had a nice rally, pushing past $1.60, but now it’s settled back down to around $1.20.

The team behind FET is active and making moves. A while ago, they talked about a merger, but then the next day they changed their mind and said it wasn’t going through. Even with all these changes, I believe they are working on something big. There’s no need to stress. If you’re viewing this as an investment, there’s nothing wrong with holding. Looking ahead, as AI and robotics become more integrated into society, this project could play a major role.

Right now, FET holds strong market value and is considered a significant player in the crypto space. Its price will fluctuate, as that’s how markets work, but there’s potential to profit for those who know how to trade the swings. As for any losses I’ve faced, that’s on me—my own mistakes and poor judgment. But in the bigger picture, the project still looks promising. Will it hit $3 by the end of the year? We’ll see. Keep pushing forward! 👏 Keep pushing forward! 👏$FET

$FET


1. Support and Resistance Levels:

• The red dashed lines indicate resistance levels, with key resistances at $1.6 and $1.713.

• The green dashed lines show support levels, particularly around $1.35, $1.1, and $1.361. The level at $1.1 represents a significant support area, with a potential downside risk if broken.

2. Fair Value Gap (FVG):

• There’s an identified Fair Value Gap above $1.6. This gap suggests that price may attempt to fill this range, acting as a target area if the price moves upward.

3. Golden Cross:

• A Golden Cross has formed (MA 50 cross above MA 200), with the shorter-term moving average crossing above the longer-term moving average. This is a bullish signal, suggesting potential upward momentum.

4. Double Bottom Pattern:

• There’s a visible Double Bottom pattern with two bottoms marked as “Bottom 1” and “Bottom 2.” This pattern is typically a reversal signal, indicating that the previous downtrend might be shifting to an uptrend.

5. MACD and RSI Bearish Divergences:

• There are both MACD and RSI bearish divergences observed, where the MACD and RSI indicators show lower highs while the price makes higher highs. This divergence suggests weakening momentum and could indicate a potential price reversal or pullback in the short term.

6. Volume Oscillator:

• The Volume Oscillator is above 0%, suggesting that there’s decent buying pressure, but watch for any changes as it could indicate shifts in momentum.

7. Price Target:

• Based on the current trend and patterns, there’s a price target around $1.64 for short term trade, aligning with the resistance zone and FVG area.

Conclusion:

• The setup appears cautiously bullish due to the Double Bottom and Golden Cross. However, the MACD and RSI bearish divergences could imply a pullback before further continuation. Traders should watch for confirmation of a breakout above the $1.6 resistance or a breakdown below the $1.35 support level.

Big news from $FET!

Fetch..ai has launched their San Francisco Innovation Lab, aiming to revolutionize AI agent technology with an annual $10M investment in startups and projects! This initiative includes a Startup Accelerator to support early-stage businesses, the Ambassador Innovator Club to create new AI applications, and an Internship Incubator to provide hands-on experience for career growth.

With workshops, hackathons, and events, Fetch..ai is paving the way for the future of AI innovation!