Fetch.ai (FET): 18 percent increase to new record highs

The share price of the AI project Fetch.ai (FET) has shown no signs of stopping in recent days and jumped to new all-time highs.

The price of the AI coin Fetch.ai (FET) has been bullish again over the past 14 days, rising 150 percent to a current all-time high of $1.68. In the past 24 hours alone, the FET price rose 18 percent in value and, as in previous days, continued to reach new highs.

The cryptocurrency, which specializes in machine learning, is benefiting from growing interest in projects in the artificial intelligence sector.

Thus, with a market capitalization of $1.7 billion, Fetch.ai was able to significantly increase its valuation within a few months, as predicted in the latest analysis of December 2023, and even break out above its stated maximum price target.

If FET's share price can catapult further north in the near term, the next price target of $1.82 will be in sight.

If the bulls then manage to overcome this point by the end of the day, the next price target of $2.46 will be in sight.

Only if this resistance level can also be sustainably overcome will investors target the maximum price target in the $3.09 range.

If, on the other hand, a sustained rise toward $1.82 fails, a retest of the area around yesterday's low of $1.28 should be planned first. Buyers could already try to move the price back north here.

However, if this zone is abandoned, the corrective move is likely to extend to the strong support zone around $1.05.

If, contrary to prediction, this zone is broken, Fetch.ai's chart picture will cloud and will likely approach the zone around the old December 2023 all-time high at $0.79.

The maximum price target on the downside is the 50 Fibonacci retracement of the entire uptrend at $0.33. The bulls should stabilize the FET price here at the latest and turn north.

Source: Tradingview