Analysts Forecast Bullish Future for Fetch.ai (FET) Despite Pullback, See Major Gains Ahead: Key Indicators to Watch
Crypto analysts and influencers are voicing optimism about the future price trajectory of Fetch.ai (FET). This optimism surrounds the ongoing pullback, which some view as a buying opportunity before the next major upswing.
Kicking things off, @rovercrc stated: “$FET is extremely cheap. It is going to hit $20 this cycle. Don’t miss out.”
What you'll learn 👉
Elliott Wave Theory Signals Potential 7x Upside
@CryptoTony__, a trader utilizing Elliott Wave analysis, mapped out a more near-term FET bullish thesis. In a chart breakdown, he identified the retrace lately as the 4th wave in an unfolding 5-wave upward cycle.
The annotations indicate Tony envisions wave (v) propelling FET’s price to the 1.618 Fibonacci extension of wave 3. Though an exact target wasn’t given, he noted: “$1.70 needs to hold to really get this push up to $7.00 I am looking for later this year.”
Consequently, if the Elliott Wave pattern plays out as projected, FET could surge over 3x from the noted $2.0862 price when the analysis was conducted.
What’s Driving the Optimism?
The upbeat projections come amid FET’s steady uptrend since bottoming below $0.30. However, the pullback lately provides a lower-risk entry for traders looking to capitalize on the blockchain’s promising fundamentals.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Fetch.ai is building a decentralized machine learning platform powered by its native FET token. Moreover, FET has an array of real-world use cases, including data monetization and sustainable energy applications.
While past performance doesn’t guarantee future results, the analysts’ forecasts suggest many believe the recent downswing is simply a temporary pause before FET’s next rally leg commences.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.
Get all our future calls by joining our FREE Telegram community.
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
