{"id":497327,"date":"2024-03-29T08:07:03","date_gmt":"2024-03-29T08:07:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=497327"},"modified":"2024-03-29T08:07:03","modified_gmt":"2024-03-29T08:07:03","slug":"fetch-ai-price-prediction-fet-jumps-5-as-this-world-first-ar-vr-presale-races-towards-3-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/fetch-ai-price-prediction-fet-jumps-5-as-this-world-first-ar-vr-presale-races-towards-3-million","title":{"rendered":"Fetch.ai Price Prediction: FET Jumps 5% As This World-First AR\/VR Presale Races Towards $3 Million"},"content":{"rendered":"

The Fetch.ai price jumped 5% in the last 24 hours <\/span>to trade at $3.18<\/span><\/a> as of 00:08 a.m. EST on trading volume that plunged 36% to $710 million.<\/span><\/p>\n

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.<\/span><\/p>\n

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

Fetch.ai Price Aims For A New ATH<\/span><\/h2>\n

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. <\/span><\/p>\n

\"Fetch.ai
FETUSD Chart Analysis Source: Tradingview.com<\/figcaption><\/figure>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

Fetch.ai Price Prediction<\/span><\/h2>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

FET bulls are targeting a new ATH over $3.45 at $4.00, which is only 25% off the current price.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

5SCAPE: A Promising Opportunity For Massive Gains<\/span><\/h2>\n

5thScape (5SCAPE)<\/span><\/a> 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).<\/span><\/p>\n

\n

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. <\/p>\n

With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com\/FaIicOGq3w<\/a><\/p>\n

— 5th Scape (@5th_scape) March 23, 2024<\/a><\/p><\/blockquote>\n