- In just the last 30 days, FET crypto price has witnessed an advance of 284%.
- The trading volume of the Fetch.ai crypto has also witnessed a huge advance over the last 24 hours.
Fetch.AI (FET) is a digital currency powering Fetch.AI’s innovative platform, where autonomous agents conduct economic tasks independently. FET facilitates transactions and incentivizes user engagement within the ecosystem.
Founded by Humayun Sheikh, Thomas Hain, and Toby Simpson, Fetch.AI integrates blockchain and AI for dynamic agent interactions, enhancing efficiency across sectors.
The derivatives trading volume of the Fetch.ai token has advanced by 98.3% over the last 24 hours, after which the crypto’s spot trading volume has also increased by 75.6%.
The value of the spot traded volume for the crypto over the last 24 hours is $704.593M, and the traded volume ranking of the crypto is #41, as per CoinMarketCap.
The volume/market cap ratio of the crypto is 41.59%, following which the market cap dominance of the FET token is 0.06%. The token’s volatility is also extremely high, resulting in 41.2%. The sentiment of the crypto is also bullish, as per CoinCodex.
The long/short ratio of the crypto is 0.9301, and the open interest of the crypto has advanced by 21.39%. Also, the long liquidation recorded for the crypto is $2.03M, and the short liquidation for the crypto is $425.23K.
Fetch.AI Token Supply Overview
The Fetch.ai crypto has 64K holders, and the circulating supply market cap of the token is $2.083B. The circulating supply of the token is 834.056M FET, and the total supply of the crypto is 1.152B FET.
While the max supply of the crypto is not defined, the fully diluted market cap of the crypto is $2.282B.
FET Crypto Technical Analysis
After consolidating inside a dynamic range followed by a symmetric triangle, the price of the FET crypto has broken out. The following breakout in the crypto price led to an advance of more than 350% in trading price.
Based on the current price action on the weekly timeframe, strong bullish candlesticks are formed on the weekly chart, representing a strong presence of buyers in the market.
FET/USD Chart by TradingView
The 20, 50, and 200-day EMAs are trading in a golden cross, and the token’s price is also trading above the EMAs. Moreover, the FET crypto price on the daily chart recently took support on the 20-day and is continuing to advance to a higher level.
The MACD has also been following a bullish crossover, and the signal and MACD line have been trading in a bullish cross for a long time. Following this, the histograms have also advanced on the charts, indicating bullish volume in the crypto.
The RSI is trading at a level of 85.39 and is trading close to the 14-day SMA, which is currently at 81.00. The following behavior of the indicator shows that it is following a bullish cycle.
Summary
In the last 30 days, Fetch.AI (FET) crypto surged by 284%, hitting all-time highs. With high trading volumes and bullish sentiment, FET integrates blockchain and AI, enabling autonomous economic tasks. Its breakout from consolidation led to a 350% surge, supported by strong buyer presence, golden cross EMAs, bullish MACD, and RSI indicators.
Technical Levels:
- Support levels: $0.1850 and $0.5290
- Resistance levels: $2.50 and $3.00
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.