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The Fetch.ai price surged 25% in the past 24 hours to trade at $1.6039 as of 00:29 a.m. EST on trading volume that rose 1% to $492 million.
FET led major AI cryptos higher, with AGIX, TAO and ARKM among others that pumped over the past day.
Fetch.ai Price Bullish, Riding The Rising Channel
The Fetch.ai price continues its direction towards the north as it witnesses aggressive participation by the bulls, rallying the price within the rising channel.
The FET price chart shows that the tokens have been on the rise after breaking out of the consolidation phase from the beginning to mid-February.
FET is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), which indicates rising bullish momentum. The 50-day SMA is trading above the 200-day SMA, with a golden cross formed at $0.61, further indicating that the price is bound for a bullish rally.
Furthermore, the Relative Strength Index shows signs of investor optimism, currently trading over the overbought region at 81, indicating intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also bullish, as the moving average line (blue) crosses above the signal line (orange), representing a bullish crossover. Investors often use the MACD bullish crossover as an encouragement to buy more, as the price will eventually rally.
Additionally, the green bars on the histogram indicate positive momentum, as they extend over the zero line. The Average Directional Index (ADX) is moving north at 45, showing a very strong bullish trend.
Fetch.ai Price Prediction
The short-term outlook of Fetch.ai’s price is positive, which might help rally the price to attain higher levels. FET bulls are aiming to sustain the momentum as they rally the price to even higher levels, aiming for $2.
However, an inverse scenario of the price shows it may break below the recent support of $1.03. In this case, the downside levels at $0.9 and $0.8 are possible, acting as cushions against downward pressure.
As the Fetch.ai price rallies, investors are also looking at Scotty the AI as a compelling AI-powered token that has the potential for substantial returns on investment.
Scotty the AI Presale Surpasses $1.1 Million, A Unique AI-Powered Meme Coin
The Scotty the AI (SCOTTY) presale, in its 8th round, continues to make waves in the crypto space, garnering over $1.1 million as it closes in on its set target of $1.33 million.
💥Presale Update!💥
ScottyTheAi has raised $1.1M 🚀
Reaching another mile stone in early stages of presale.Well on our way to closing out presale and heading for that $100M marketcap.
Congratulation to all the early #Scottydogs in presale 👏
Buy Now: https://t.co/zRmy4g8hfW pic.twitter.com/eNWsPBErbM
— Scotty The Ai (@ScottyThe_Ai) March 1, 2024
Scotty the AI is an AI-powered project that is set to deal with different threats posed by cyber criminals in the crypto space through different layers of AI innovation. Based on the appeal of the Scottish Terrier, a dog known for its intelligence, SCOTTY aims to extract insights from different codes that even veteran developers would miss.
Moreover, to add utility to the token, the team incorporates Scotty Swap, a platform facilitating seamless and fast token exchanges. It also has ScottyChat, a chatbot that provides users with market insights and analysis.
You can participate in the presale by purchasing $SCOTTY tokens at a discounted price of 0.0063. There are less than 9 days left before a price hike, making now the best time to buy for quick gains.
$SCOTTY marketing growing stronger. Millions of drink coasters and window stickers sent out through the USA. Looks like people are already starting to see them as telegram community members are posting pic’s. Here are a couple from Chicago and Indiana.
💥Join presale here… pic.twitter.com/ZRrC3gjv0y
— Scotty The Ai (@ScottyThe_Ai) February 26, 2024
Stake $SCOTTY, 115% Annual Rewards
You can also stake $SCOTTY for an impressive 115% annual percentage yield (APY). As staking continues, the APY decreases, which makes now the best time to buy and stake your tokens.
Michael Wrubel, a crypto analyst and YouTuber who bought into the presale, explains the main reasons for his decision, with the belief that it has the potential for substantial returns.
To participate in the presale, you can buy the tokens from the Scotty the AI official website and exchange ETH or USDT for $SCOTTY. You can also make purchases using your bank card.
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