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<p>Crypto trader Hov, also known as @SenseiHov on X, has been closely monitoring the price surge of Fetch.ai (FET). In his latest <a href="https://x.com/SenseiHov/status/1773433876758622284?s=20" target="_blank" rel="noopener noreferrer nofollow">update</a>, Hov revealed that the “plan has worked out to perfection,” with FET surging over 1600% for those who held the spot support level and 760% for late entrants who bought at the $0.4 level. This rally has unfolded while Hov kept his subscribers updated throughout the entire journey.</p>
<h2 class="wp-block-heading" id="strong-macro-wave-cycle-and-potential-targets-strong"><strong>Macro Wave Cycle and Potential Targets</strong></h2>
<p>According to Hov’s analysis, Fetch.ai’s price action could be in the fifth wave of a third wave on a macro degree level. Consequently, he anticipates a “pretty significant reaction” once FET reaches the $4 mark. However, Hov wouldn’t be surprised if the recent positive news triggers an extension, potentially propelling FET towards the primary target of $8.5 for this macro degree wave before a larger correction unfolds.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="900" height="472" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370.png" alt="" class="wp-image-462913" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370.png 900w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-300x157.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-1024x537.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-767x402.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-1536x806.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-2048x1074.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-286x150.png 286w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-667x350.png 667w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1370-788x413.png 788w" sizes="(max-width: 900px) 100vw, 900px">
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<p>Significantly, if Hov’s assessment proves accurate and FET’s rally represents a macro third wave instead, the upside potential could be extraordinary. At $8, traders who entered at the spot support level would be sitting on gains exceeding 4000%, while late entrants would still enjoy profits over 2000%. Hov advises caution, stating, “Those are life-changing gains you don’t want to round trip. It would definitely be smart to take a bit of profit there.”</p>
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    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
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<h2 class="wp-block-heading" id="strong-elliott-wave-analysis-by-crypto-tony-strong"><strong>Elliott Wave Analysis by Crypto Tony</strong></h2>
<p>Moreover, analyst Crypto Tony has been tracking FET’s price action through the lens of Elliott Wave Theory setting his target at $7. In a <a href="https://x.com/CryptoTony__/status/1773359891400540549?s=20" target="_blank" rel="noopener noreferrer nofollow">tweet</a> he suggests, ‘FET to $7.00 pending.’ Furthermore, per his chart analysis, Fetch.ai’s price movement appears to be forming an Elliott Wave sequence, with waves labeled (i), (ii), (iii), (iv), and (v). His chart indicates a strong bullish trend, with wave (iii) being the longest and strongest impulsive wave.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="900" height="452" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371.png" alt="" class="wp-image-462915" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371.png 900w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-300x151.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-1024x514.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-767x385.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-1536x771.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-2048x1029.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-299x150.png 299w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-697x350.png 697w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1371-788x395.png 788w" sizes="(max-width: 900px) 100vw, 900px">
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<p>Additionally, Tony’s analysis projects a specific target for wave (v) at “1.618 of Wave 3,” referring to the Fibonacci extension level commonly used in Elliott Wave forecasting. Additionally, a trendline supporting the growth of the price is visible, originating from the bottom of wave (ii) and projected forward, suggesting potential support levels during retracements.</p>
<h2 class="wp-block-heading" id="market-action">Market Action</h2>
<p>Consequently, according&nbsp; data from CoinMarketCap at the time of publication, Fetch.ai’s price stood at <a href="https://coinmarketcap.com/currencies/fetch/" target="_blank" rel="noopener noreferrer nofollow">$3.17</a>, up 1.05% in the last 24 hours. The crypto community eagerly awaits the unfolding of this price rally, with traders closely monitoring the critical levels and potential targets outlined by Hov and Crypto Tony’s analyses.</p>
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<p>The post <a href="https://captainaltcoin.com/fetch-ais-bullish-trajectory-is-fet-bound-for-this-next-price-level-after-a-1600-surge-key-metrics-to-watch/" rel="noopener noreferrer nofollow">Fetch.ai’s Bullish Trajectory: Is FET Bound for This Next Price Level After a 1600% Surge? Key Metrics to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Fetch.ai’s Bullish Trajectory: Is FET Bound for This Next Price Level After a 1600% Surge? Key Metrics to Watch

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