Crypto analyst Tony, via an X post, has set his sights on a significant price target for Fetch.ai (FET). In a tweet, he declared that $7.00 remains his first main target for FET against the US dollar. “My first main target for $FET/USD remains $7.00,” he declared.
Meanwhile, the trader @SenseiBR_btc expressed unwavering confidence in Fetch.ai’s dominance. FET will dominate the AI sector,” he proclaimed. Moreover, Sensei believes FET will lead the next bull run, cementing its position among the top 10 cryptocurrencies with a $50 billion market cap. “Nothing more to say,” he added, leaving little room for doubt.
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Technical Analysis Paints a Bullish Picture
Bullish_Traders’ chart analysis on TradingView further bolsters the optimistic sentiment surrounding FET. According to their analysis, a perfect bull flag has formed on the chart, characterized by a clear ABC corrective pattern. Significantly, the price bounced from the $2.52 price rejection zone (PRZ) as a Wave C low. Consequently, a breakout from the trend line towards a $3.50 target is expected soon.
Current Market Snapshot
As per the latest data from CoinMarketCap, Fetch.ai’s price was $2.78 at the time of this writing, with a 24-hour trading volume of $975,244,419. Additionally, FET has experienced a 5.49% increase in value over the past 24 hours, reflecting the growing investor interest.
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Show more +The AI-focused blockchain project, Fetch.ai, continues to capture the attention of crypto enthusiasts and analysts alike. With bullish predictions from influential figures, technical analysis pointing towards further upside potential, and a substantial trading volume, FET’s journey to new heights appears well underway.
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