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Artificial Superintelligence Alliance

<p>A pair of cryptocurrencies in the artificial intelligence and Web3 spaces have seen their prices take off in recent days amid generally bullish market sentiment. Analyst Frans Timmersnats (@denniscryptooo) has highlighted strong upside price action in Fetch.ai’s native FET token. As Frans points out, FET appears to be conclusively breaking out of its multi-year range versus Bitcoin, sparking expectations of a sustained bull run.</p>
<p>In <a href="https://twitter.com/denniscryptooo/status/1763397246375055678?t=q7kwgHoM0ACUI_9DpVXUQA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Frans’</a> words: “This is price discovery. $FET appears to be breaking the 5-year range against $BTC. The real run of FET will now begin.”</p>
<p>However, some caution may be warranted given potential red flags noted by analytics provider <a href="https://platform.spotonchain.com/en/signal-details/dwf-labs-deposited-more-fet-to-binance-37906" target="_blank" rel="noopener noreferrer nofollow">SpotonChain</a> regarding large over-the-counter FET transactions. Per their data, blockchain organization DWF Labs recently deposited another 1 million FET worth $1.4 million to exchanges after already realizing an estimated $3.7 million in FET trading profits this year.</p>
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<p>So while momentum favors the bulls in the near-term, FET holders should closely monitor the actions of potential large-scale sell-side liquidity sources.</p>
<p><strong>Jupiter Breaking Technical Resistance</strong></p>
<p>Elsewhere, enthusiastic bullish sentiment is growing around middleware protocol Jupiter (JUP). <a href="https://twitter.com/Cryptonimusm/status/1763500271332938094" target="_blank" rel="noopener noreferrer nofollow">Analyst CryptoBillionaire (@Cryptonimusm) </a>points out JUP has now broken through multiple layers of overhead resistance on its 4-hour price chart.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="485" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-1024x485.png" alt="" class="wp-image-446090" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-1024x485.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-767x363.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-1536x727.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-2048x969.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-739x350.png 739w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-11.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>CryptoBillionaire notes: “$JUP Maybe like this failed to maintain bearish structure. possible make 19%++ soon Good luck frenn #JUP”</p>
<p>From the annotated chart, initial resistance near $0.60 has been surmounted, with a brief pullback to $0.58 expected before CryptoBillionaire forecasts a continued push towards the next resistance zone around $0.70. With positive momentum, Jupiter could have room to run if it keeps definitively flipping resistance areas into support.</p>
<p>You may also be interested in:</p>
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<p>The post <a href="https://captainaltcoin.com/fetch-ai-fet-and-jupiter-jup-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">&nbsp;Fetch.ai (FET) and Jupiter (JUP) Prices Pumping – Here’s Why&nbsp;</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Fetch.ai (FET) and Jupiter (JUP) Prices Pumping – Here’s Why

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