- Based on the market cap, the Fetch.ai crypto has high liquidity.
- The trading price of the FET crypto has increased by 3.1%.
Fetch.ai is a project that combines blockchain and AI to create a decentralized world of autonomous agents. The FET token is used for transactions, incentives, and rewards within the platform.
The platform aims to optimize and automate various tasks and sectors using the agents. The project was founded by experts in AI and gaming.
The volume/market cap ratio of the Fetch.ai crypto is 0.2363 and the value of the traded volume is $42.296 Million in the last 24 hours and the volume ranking of the crypto is #111. Additionally, the market cap ranking of the crypto is 115th as per CoinMarketCap.
The market cap value of the Fetch.ai crypto is $460.967 Million and the circulating supply is 831.551 Million FET. Furthermore, the total supply is 1.152 Billion FET while the max supply is not disclosed.
Fetch.ai crypto has a fully diluted market cap of $639.497 Million and the sentiment of the crypto is neutral. Its market cap dominance is 0.02% and the volatility is high at 8.96%.
Fetch.AI Crypto Derivatives Analysis
The derivatives trading volume of the crypto has increased by 59.4% to $82.29 Million. The open interest has also increased by 2.17% in the last 24 hours.
Moreover, as per Coinglass, the recorded short liquidation for the crypto is $25.30K while the long liquidation is $3.32K. The long/short ratio of the FET crypto is 0.9869.
FET Crypto Technical Analysis
The FET crypto price has broken above a crucial resistance zone and the price is currently sustaining above the same. Additionally, the swing high of the crypto is $0.80, and if the price breaks above this high, we might witness further increases in the price.
FET/USD Chart by TradingView
The 50-day and the 200-day EMAs are forming a golden cross on the daily timeframe. Despite this, the price of the crypto has declined below the 50-day EMA and is currently forming a lower-low structure.
The MACD indicator is giving a sell signal on the daily chart with the formation of the bearish histograms on the chart. Additionally, both the MACD and the signal lines are situated below the zero level.
The RSI for the FET crypto has declined below the 50-level and has overlapped the 14-day SMA. This behavior indicates volatility and uncertainty in the price.
Summary
Fetch.ai is a blockchain and AI project with a token called FET. The crypto has high liquidity, volatility, and market cap. The price has broken a resistance zone but is still in a downtrend. The technical indicators are bearish and the future price is uncertain unless the price breaks above the last swing high.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.