{"id":18254,"date":"2023-03-02T15:17:12","date_gmt":"2023-03-02T15:17:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/analysts-say-fet-eyes-leg-up\/"},"modified":"2023-03-02T15:17:12","modified_gmt":"2023-03-02T15:17:12","slug":"analysts-say-fet-eyes-leg-up","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/analysts-say-fet-eyes-leg-up\/","title":{"rendered":"Analysts say FET eyes leg up"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677769233251-c0a90cc4-5e63-4fd0-96f4-8b87805be57b-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677769233251-c0a90cc4-5e63-4fd0-96f4-8b87805be57b-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677769233251-c0a90cc4-5e63-4fd0-96f4-8b87805be57b-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677769233251-c0a90cc4-5e63-4fd0-96f4-8b87805be57b-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Fetchai price was down 3% on Thursday morning after a double digit move the previous day.<\/li>\n<li dir=\"ltr\">While prices are likely to break lower, analysts say AI remains a strong narrative and that could help FET price.<\/li>\n<li dir=\"ltr\">96% of FET holders are in profit after the Fetch.ai price spiked more than 70% in February.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/fetch-ai\/\">Fetch.ai<\/a> has dipped to support levels at $0.45 early Thursday, with the price of the native FET mirroring the broader crypto market in trending lower.<\/p>\n<p dir=\"ltr\">Indeed, while <a href=\"https:\/\/coinjournal.net\/fetch-ai\/\">Fetch.ai price<\/a> printed a double-digit green candle on Monday, the Artificial Intelligence (AI) related token\u2019s value is currently testing support near $0.45 with about 5% in losses on the day.<\/p>\n<p dir=\"ltr\">But the <a href=\"https:\/\/coinjournal.net\/news\/tag\/ai\/\">AI<\/a> narrative remains a strong trend and is likely to see FET regain momentum and record fresh gains as those witnessed in the past few weeks. Data shows the FET\/USD pair remains 70% up over the past 30 days.<\/p>\n<h2 dir=\"ltr\">Fetcha.ai price: What analysts say about FET amid the AI narrative<\/h2>\n<p dir=\"ltr\">AI related tokens have in recent weeks outperformed in the market, particularly after global tech giants Microsoft and Google poured resources into the sector on the back of massive hype around OpenAI\u2019s Chat GPT.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/02\/02\/1677767534728-7ce47b09-79dd-473e-8ffd-cda7e27816d4.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"236\"\/><span class=\"fr-inner\">Fetch.ai price on the daily chart. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/tFWfYLf8\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span>\u00a0<\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">But could the narrative have run out of steam? According to crypto trader and analyst Cantering Clark, that\u2019s unlikely. Specifically, the analyst <a href=\"https:\/\/twitter.com\/CanteringClark\/status\/1630958522392272897\" rel=\"noopener noreferrer\" target=\"_blank\">says<\/a> FET could yet see a fresh leg up as AI remains one of the hottest trends in the market.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not sure that the A.I. run is completely dead.<a href=\"https:\/\/twitter.com\/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FET<\/a> does not look like distribution, instead it looks like it is ready for another leg toward the high at a minimum.<\/p>\n<p>Personally of all narratives, A.I. is the sexiest. <a href=\"https:\/\/t.co\/LMShfQR3Nj\">pic.twitter.com\/LMShfQR3Nj<\/a><\/p>\n<p>\u2014 Clark (@CanteringClark) <a href=\"https:\/\/twitter.com\/CanteringClark\/status\/1630958522392272897?ref_src=twsrc%5Etfw\">March 1, 2023<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p dir=\"ltr\">As shown in the chart above, FET posted a breakout from a triangle pattern on the daily chart. Bulls nonetheless ran into a hurdle just above $0.48. While there\u2019s likelihood of a distribution move, another analyst, Altcoin Sherpa, also <a href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1630934343093821445\" rel=\"noopener noreferrer\" target=\"_blank\">thinks<\/a> an uptrend is the more likely trajectory.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FET<\/a>: Doesn&#8217;t really look too much like distribution to me. Maybe this is going to leg up if <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> plays nice\u2026 <a href=\"https:\/\/t.co\/TGo3fyMiTi\">pic.twitter.com\/TGo3fyMiTi<\/a><\/p>\n<p>\u2014 Altcoin Sherpa (@AltcoinSherpa) <a href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1630934343093821445?ref_src=twsrc%5Etfw\">March 1, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">Fetch.ai whale activity, 96% FET holders in profit<\/h2>\n<p dir=\"ltr\">Data also shows more than 96% of FET holders are in profit after recent gains as more people looked to <a href=\"https:\/\/coinjournal.net\/fetch-ai\/buy\/\">buy FET<\/a>. While having so many addresses in profit could play a part in potential profit taking deals, the in\/out the money <a href=\"https:\/\/app.intotheblock.com\/coin\/FET\" rel=\"noopener noreferrer\" target=\"_blank\">metric<\/a> by IntoTheBlock also suggests nearly 99% are long term holders.\u00a0<\/p>\n<p dir=\"ltr\">Only 1% of FET is held by hands that bought the token in the past 1-12 months.\u00a0<\/p>\n<p dir=\"ltr\">In fact, on-chain analytics platform Santiment has also <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1631114092286205952\" rel=\"noopener noreferrer\" target=\"_blank\">shared<\/a> data showing whale activity for Fetch.ai has recently spiked.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a>, <a href=\"https:\/\/twitter.com\/hashtag\/Maker?src=hash&amp;ref_src=twsrc%5Etfw\">#Maker<\/a>, and <a href=\"https:\/\/twitter.com\/hashtag\/Fetch?src=hash&amp;ref_src=twsrc%5Etfw\">#Fetch<\/a> have all had their moments to shine in 2023. <a href=\"https:\/\/twitter.com\/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FET<\/a> in particular, which has 5x&#8217;d since January 1st. But these 3 assets in particular have all seen steep increases in whale activity, and you can expect major swings from here. <a href=\"https:\/\/t.co\/aLMD7PMdZ1\">https:\/\/t.co\/aLMD7PMdZ1<\/a> <a href=\"https:\/\/t.co\/LTjrHdfTWy\">pic.twitter.com\/LTjrHdfTWy<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1631114092286205952?ref_src=twsrc%5Etfw\">March 2, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">On the downside, if sentiment across the wider market turns negative, bears can target the immediate demand zone around $0.38 and even go for $0.29.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/fetch-ai-price-prediction-fet-still-attractive-amid-ai-narrative\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Fetchai price was down 3% on Thursday morning after a double digit move the previous day. While prices are likely to break lower, analysts say AI remains a strong narrative and that could help FET price. 96% of FET holders are in profit [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18254"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18254"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18255"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}