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The Fetch.ai price surged 15% in the past 24 hours to trade at $0.9501 as of 06:56 a.m. EST on trading volume that dropped 7% to $289 million.
The FET price has pumped 43% in the last week, hitting a two-year high after Deutsche Telekom announced that it has collaborated with the AI platform to support the advancement of its blockchain.
It's a monumental day!
Deutsche Telekom (@Telekom_MMS) has joined the Fetch Foundation as a corporate partner, alongside serving as a #validator to the network through their subsidiary, @mms_Blockchain.
Read more below 👇https://t.co/v58DtHPj4J— Fetch.ai (@Fetch_ai) February 13, 2024
The price of Fetch.ai is also rising after OpenAI’s announcement regarding its latest AI tool, Sora. The announcement has had a positive effect on other AI altcoins, such as WLD and ARKM.
Fetch.ai Price Trending Above The Upper Boundary Of The Ascending Triangle
The Fetch.ai price has been on an uptrend since November, after breaking out of the consolidation phase around $0.2. However, February has recorded an even larger increase, with FET recording an impressive 86.98% increase. This surge saw the bulls make use of $0.508 as the support zone.
The uptrend has allowed the bulls to breach the upper boundary of the ascending triangle.
FET is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish momentum. The Relative Strength Index (RSI) also supports this sentiment, as it trades above the 70-overbought region at 80. This is an indication of intense buying pressure, as the bulls aim to soar the price even higher.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is trading above the signal line (orange), indicating a bullish crossover. This invites more entry points, as it indicates that the price may soar even higher.
Additionally, the green bars extend upward from the zero line, indicating a continuous bullish trend. The Average Directional Index (ADX) is moving to the north, currently at 30, which shows a strong trend.
Fetch.ai Price Prediction
The Fetch.ai price long-term analysis shows signs of continued bullish momentum, having breached the upper boundary of the ascending triangle pattern. With this, the bulls aim to drive the price higher, aiming for $1.30, a 35.10% increase from the current price.
Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.2475, which is a sign of a prolonged bullish outlook for the Fetch.ai Price. However, in a reverse scenario, if the bears take control of the price, they could lead to a retrace, as they aim to reclaim the support zone at $0.508.
Investors who are looking for cryptos with supercharged potential are also exploring Scotty the AI, an AI-integrated project that analysts say has the potential to 10X on launch.
Scotty The AI Presale Races Towards $500,000 – Best Meme Coin To Buy Now?
The Scotty the AI (SCOTTY) presale has garnered $483,103 in early funding as it closes in on its target of $542,839.
🚨Stage 4 selling out fast!
Only $80k left.Stage 1 -3 closed out very early also.
⚠️ Price increases at stage 5 so don’t miss out here.
BUY $SCOTTY presale at https://t.co/zRmy4g8hfW#blockchains #memecoins #Binance #presale #Ethererum #cryptocurrency pic.twitter.com/XkVA1qg1mG
— Scotty The Ai (@ScottyThe_Ai) February 18, 2024
With the project’s AI integration, Scotty the AI is set to transform the community’s perceptions of security and fraud detection within the blockchain industry. The project has already set features that are AI-powered, aimed at helping the community while providing utility to the meme coin.
One feature is Scotty Swap, a platform facilitating seamless and rapid token exchanges. The second feature is ScottyChat, a chatbot able to give its users market insights and provide them with easy access to the realm of digital assets.
Currently in its 4th funding stage, you can purchase $SCOTTY tokens at a reduced price of $0.0053.
Stake $SCOTTY, 259% Annual Rewards
You can also earn passively on the platform by staking your $SCOTTY tokens and earning an impressive 259% annual percentage yield (APY).
Jacob Bury, a crypto analyst and YouTuber, says Scotty the AI has what it takes to potentially 10X on launch.
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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