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The Fetch.ai price jumped 5% in the last 24 hours to trade at $3.18 as of 00:08 a.m. EST on trading volume that plunged 36% to $710 million.
This follows shortly after the project revealed its merger with SingularityNET and Ocean Protocol to form the Superintelligence Alliance (ASI). The goal of this merger is to become the largest decentralized AI project globally.
Fetch.ai Price Aims For A New ATH
Shortly after the merger news, Fetch.ai’s price skyrocketed to hit a new all-time high (ATH) of $3.45 on March 28, followed by a slight retracement to $3.18.
Bullish momentum for FET was bolstered by a double bottom formation around $2.37, fueling a surge in price within a rising channel pattern, as investors set their sights on achieving further record highs.
FET is trading well above the 200-day Simple Moving Average (SMA), which confirms the bullish outlook of the price. If the bulls sustain the bullish stance, the price will finally be able to overcome the 50-day SMA barrier at $3.30, which will allow FET to soar to even higher price levels.
Additionally, the Relative Strength Index (RSI) on the 30-minute timeframe is currently trading downwards to the oversold levels at 34, which shows that the asset is currently oversold. The RSI coincides with the current price downtrend from the ATH.
Fetch.ai Price Prediction
The Fetch.ai price is currently on a downward movement, having plunged 8% from its ATH. However, the major indicators show signs of a trend reversal, with FET trading within a rising channel pattern.
Additionally, the 50-day SMA trades above the 200-day SMA, forming a golden cross at $2.49, indicating that FET has the potential for upward movement. The RSI is already trading within the oversold levels, which may suggest an incoming trend reversal to the upside.
FET bulls are targeting a new ATH over $3.45 at $4.00, which is only 25% off the current price.
However, if the bears continue exerting pressure on the price and taking profits from the 184% surge in FET seen in the last month, the price may retrace. In such a scenario, the bulls may find support at $2.97, which coincides with the 200-day SMA. This may allow the bulls to catapult the price.
Meanwhile, as the FET bulls find better buying positions to soar the price, you may want to consider its alternative, 5thScape, as analysts predict that the project may soar 100X on launch.
5SCAPE: A Promising Opportunity For Massive Gains
5thScape (5SCAPE) is the first-ever AR/VR mixed-reality crypto platform, capitalizing on the excitement surrounding the Apple Vision Pro launch. The project aims to change the gaming space by merging blockchain technology and virtual reality (VR).
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
Its ongoing presale offers an exciting opportunity for you to get in on an innovative new cryptocurrency project. Currently on its third stage, the presale has been able to garner over $2.89 million as it races towards its target of $3.75 million.
Leaving limits behind! 🚀 We have hit another milestone and has entered the 3rd round of our presale.
So join us on this incredible journey into the future of AR/VR gaming.
#5thScape #Presale #AR #VR pic.twitter.com/ZOkwg8s34E— 5th Scape (@5th_scape) March 26, 2024
Additionally, the 5thScape team has plans already to develop a comprehensive VR/AR ecosystem that brings in game development, animation, and specialized hardware manufacturing. Such endeavors will ensure that the project acquires maximum market penetration.
Buy $5SCAPE, Earn Through Staking And P2E Gaming
You have the opportunity to earn rewards by staking $5SCAPE and also earn passively through 5thScape’s play-to-earn (P2E) feature. The team is set to create games like MMA Cage Contest, Thrust Hunter, and Archery Master.
We are excited to reveal the first look of the characters of our upcoming VR game, Cage Conquest! Meet the fighters who will challenge you in the ultimate UFC experience. Which one is your favorite? #CageConquest #5scape #Crypto #Bybit $NVDA #Ethereum $SYS pic.twitter.com/PUUdsbWWIi
— 5th Scape (@5th_scape) February 21, 2024
According to 99Bitcoins, a crypto YouTube channel, 5thScape has the potential to soar 100X after launch.
You can buy $5SCAPE tokens now for just $0.00248. With the launch price set at $0.01, investors can lock in gains of 303% by the time $5SCAPE lists.
If you think $5SCAPE is too good an opportunity to miss, join the presale by swapping ETH, MATIC, USDT, or BNB for 5SCAPE tokens with a digital wallet on the official site. You can also buy directly with a bank card.
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