{"id":482873,"date":"2024-02-22T19:24:47","date_gmt":"2024-02-22T19:24:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=482873"},"modified":"2024-02-22T19:24:47","modified_gmt":"2024-02-22T19:24:47","slug":"fetch-ai-price-prediction-fet-pumps-14-on-nvidia-earnings-as-ai-cryptos-boom-and-analysts-say-this-new-solana-meme-coin-might-outperform-bonk-wif-and-myro","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/fetch-ai-price-prediction-fet-pumps-14-on-nvidia-earnings-as-ai-cryptos-boom-and-analysts-say-this-new-solana-meme-coin-might-outperform-bonk-wif-and-myro","title":{"rendered":"Fetch.ai Price Prediction: FET Pumps 14% On Nvidia Earnings As AI Cryptos Boom And Analysts Say This New Solana Meme Coin Might Outperform BONK, WIF And MYRO"},"content":{"rendered":"

The Fetch.ai price has soared by 14.5% in the past 24 hours<\/span> to trade at $1.12<\/span><\/a> as of 8:15 a.m. EST on trading volume that surged 10.5% to $612 million.<\/span><\/p>\n

This surge came after AI chip maker Nvidia reported that fourth-quarter earnings had surpassed market expectations, buoying most of the AI crypto sector.<\/span><\/p>\n

Other AI cryptos to surge included <\/span>Render (RNDR), Akash Network (AKT), and Bittensor (TAO), all ascending by double digits.<\/span><\/p>\n

Fetch.ai Price Susatains Bullish Momentum Above the Bullish Pennant<\/span><\/h2>\n

\"Fetch.ai<\/p>\n

FETUSD Analysis by Tradingview<\/span><\/p>\n

The Fetch.ai price indicates a continued uptrend after breaking from the consolidation stage. However, the resistance level at $0.78 has led to the formation of a bullish pennant, which signals a bullish trend reversal.<\/span><\/p>\n

However, the bulls seem to have acted on the pennant, indicating resilience on the $0.4424 support zone and flying the price past the $0.78 resistance, confirming the bull rally to the $1.17 resistance level.<\/span><\/p>\n

The technical indicators are bullish bias as bulls fly the price above the 50-day and 200-day simple moving Averages (SMAs), which currently act as immediate support for the price. Moreover, the moving average cross at $0.2504 confirms the generally bullish outlook.<\/span><\/p>\n

Simultaneously, the up-trending relative strength index (RSI) indicates a rebound at 38, surging into the overbought zone at 84. indicating intense buying pressure for the Fetch.ai price.<\/span><\/p>\n

\"Fetch.ai<\/p>\n

FETUSD MACD Analysis by Tradingview<\/span><\/p>\n

The MACD indicates a rebound below the neutral level, surging gracefully as the moving average blue line crosses the orange signal line, confirming the bullish trend. Additionally, the histogram indicates a positive outlook as the bars are above the neutral position.<\/span><\/p>\n

Fetch.ai Price Could Face A Decline In The Short Term<\/span><\/h2>\n

Currently, the price trajectory of Fetch.ai is at a critical point as the bulls face rejection at $1.17 resistance. If bearish sentiment prevails, the price may face downward pressure towards the $0.78 support zone as investors with a bearish outlook on FET seek to profit from potential declines. <\/span>However, a further bullish continuation is possible above $1.17 as the bulls aim to reach new levels at the $1.22 high. <\/span><\/p>\n

Meanwhile, if you missed the FET surge, you could consider diversifying your portfolio with Smog, which analysts say is nicely positioned to outperform Solana competitors BONK, WIF, And MYRO.<\/span><\/p>\n

SMOG, A Promising Alternative With The Biggest Upcoming Airdrop Ever<\/span><\/h2>\n

SMOG,<\/span><\/a> the latest addition to the Solana meme coin frenzy, is going from strength to strength, positioning itself as one of the leading cryptocurrencies for gains this year.<\/span><\/p>\n

https:\/\/youtu.be\/D6AAKJqb3FU<\/p>\n

The SMOG project has already made a name for itself with its fair launch, flawless decentralized exchange listing, and the subsequent rollout of its Solana-Ethereum bridge.<\/span><\/p>\n

It also promises the mother of all airdrops. <\/span>SMOG will allocate 35% of its 1.4 billion supply for its airdrop. So, if you missed Jupiter’s landmark $700 million airdrop on Solana, get ready to capitalize on this most generous ever distribution in the Solana ecosystem.<\/span><\/p>\n

To qualify, investors must buy and hold Smog tokens in their wallets to earn airdrop points. They can also earn more airdrop points by engaging in the Zealy campaign, which currently boasts a community of 10,000 airdrop participants actively participating in various quests. So far, 400,000 quests have been completed.<\/span><\/p>\n

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One #Memecoin<\/a> to rule them all! 🚀<\/p>\n

Get ready for the greatest #Airdrop<\/a> in history, distributed on #Solana<\/a>. 💰<\/p>\n

Join #SMOG<\/a> on Zealy! 🔥<\/p>\n

Link in Bio 🔗 pic.twitter.com\/vsn4p5cSF4<\/a><\/p>\n

— SMOG (@SMOGToken) February 8, 2024<\/a><\/p><\/blockquote>\n