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- 1 The AI-based coin, FET, rose to an all-time high and soared over 130% this week.
- 2 Buyers are enjoying the rally and persist in accumulating the coin.
The Fetch.ai coin (FET) price gave a sharp breakout rally and witnessed three white soldiers’ formation, leading to a surge of over 350% in the last fifteen trading sessions. Buyers gained momentum as soon as the coin crossed the 52-week high mark, triggering a sharp move, and extended the rally by 110% this week.
Since the start of February, development activities have been in the limelight, starting with the community call and followed by the Hackathon by the FET coin. This week, another news triggered a sharp rise: the listing of the coin on the BTSE platform, which led to a cheerful wave, and a strong up move of over 18% in the intraday session was noted.
At press time, the Fetch.ai (FET) coin price trades at $2.97 with an intraday gain of 17.60%, indicating bullishness on the charts. It has a monthly return ratio of 426.96% and 820.45% on a yearly basis, implying a massive bull rally on the charts. The pair of FET/BTC is at 0.0000434 BTC, and the market cap is $3.26 Billion. Analysts are neutral and suggest that the FET coin price will continue to advance gains and meet the $5 mark soon.
Fetch.ai (FET) Price Soars With Sharp Volume Spike
The Fetch.ai coin (FET) displays a massive bull rally and leaped over 130% this week with a strong buying volume. The trading volume increased by around 41.97% to $1.13 Billion, signs of institutional buying. Moreover, the coin has reached its all-time high mark and is trying to surpass the $3 mark. The coin reflected intense momentum, and buyers were looking aggressive, signifying the outperformance on the charts.
FET Price Volatility and Development Activity Analysis
As per the data, the coin reflected a massive spike in the volatility and fluctuations that led the coin beyond the blue sky zone of $2. The price volatility curve witnessed a rise of over 90% to 0.066. Additionally, the market cap of the coin keeps rising, and there has been a notable surge of over 170% to $3.26 billion this week. Furthermore, the development activity data persisted and jumped from 0.56 to 1.12 in the last five trading sessions.
FET Displays Sharp Surge, What’s Cooking In It?
The coin witnessed a range breakout and escaped its upper trajectory hurdle of $2, which triggered a massive up move in the last sessions. FET coin added gains of over 350% and witnessed investor interest with a sharp volume spike.
The RSI curve jumped above 75, indicating an overbought signal and the MACD indicator glimpses a bullish crossover, implying a bullish outlook.
Summary
The Fetch.ai coin (FET) has gained pace and reached its all-time high mark, witnessing sharp buying momentum on the charts. The trend is bullish, and further rally can continue, and the coin may jump above the $3 mark soon.
Technical Levels
Support Levels: $2.70 and $2.50
Resistance Levels: $3.10 and $3.30
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
