SingularityNET

Bittensor

Fetch

Artificial Superintelligence Alliance

Fetch AI price prediction: FET, an <a href="https://coingape.com/top-ai-crypto-tokens/">artificial intelligence</a> blockchain network, has seen a significant price recovery over the past 24 hours. The AI token is trading at $1.64, with a robust surge of 5.18%, indicating a bullish trend. According to data from <a rel="nofollow" href="https://coinmarketcap.com/currencies/fetch/">CoinMarketCap</a>, the token’s market capitalization has increased by 5.18% to $1.4 billion, securing its position as the 64th largest cryptocurrency by market cap. 
The 24-hour trading volume for Fetch.ai stands at approximately $193.6 million, showcasing substantial investor interest despite the overall market volatility 
<h2 id="span-style-font-weight-400-fetch-ai-price-prediction-when-is-fet-likely-to-reach-5-span">Fetch AI Price Prediction: When Is FET Likely To Reach $5?</h2> 
Over the past week, <a href="https://coingape.com/tag/fetch-ai-fet/">FET price </a>has decreased by 22% after bearish sentiment gripped the market. However, over the past day, the token has shown signs of a modest recovery, trading in a range of $1.53 to $1.75. This rebound could suggest that investors are starting to see value at these lower price points, potentially setting the stage for a more sustained upward&nbsp; 
<figure id="attachment_202144" aria-describedby="caption-attachment-202144" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-202144" src="https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-00.png" alt="Fetch.ai Price Forecast: How Will the Superintelligence Merger Impact FET to $5?" width="1292" height="649" srcset="https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-00.png 1292w, https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-00-300x151.png 300w, https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-00-1224x615.png 1224w, https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-00-768x386.png 768w, https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-00-150x75.png 150w" sizes="(max-width: 1292px) 100vw, 1292px">
 <figcaption id="caption-attachment-202144" class="wp-caption-text">
 Fetch.ai Price Forecast
 </figcaption>
</figure> 
The <a href="https://coingape.com/ai-tokens-fet-agix-and-ocean-might-lead-market-recovery-heres-reason/">AI tokens</a> are experiencing a robust recovery, led by Bitcoin’s recent bullish reversal. Fetch.AI’s token, FET, notably displays a strong uptrend from a crucial support level. This week, the token is poised to break through the overhead resistance trendline.&nbsp; 
Over the past 24 hours,<a href="https://coingape.com/ai-coins-trigger-crypto-market-rebound-whats-happening/"> AI coins</a>, including Render, The Graph, Bittensor (TAO), and SingularityNET (AGIX), have all witnessed significant price increases. This surge propels&nbsp;FET and other AI tokens, indicating a vibrant market rebound. 
<h2 id="span-style-font-weight-400-fet-super-intelligence-merger-details-and-implications-on-tokenomics-span">FET Super Intelligence Merger Details and Implications on Tokenomics</h2> 
Fetch AI, Ocean Protocol, and SingularityNET have <a rel="nofollow" href="https://fetch.ai/blog/artificial-superintelligence-alliance-token-merger-approved">announced</a> a new merger date: July 15th. Initially set for this Thursday, the change reflects strategic planning. Post-merger, Fetch AI’s FET token will be discontinued and replaced by the Super Intelligence (ASI) token, marking a significant consolidation in cryptocurrency. This is the first merger of its kind. 
With the current recovery, Fetch.ai shows upward solid momentum after recent losses. This improvement hints at a potential entry into a bullish phase. If the upward trend persists, FET could break the $2 resistance level.&nbsp; If this momentum continues, <a href="https://coingape.com/blog/fetch-ai-price-analysis-will-fet-price-hit-new-ath-in-2024/">Fetch.ai</a> could approach $3 and reach $5 in the foreseeable future, hitting ATH. 
However, a shift toward market negativity could alter the trajectory. In such a scenario, FET might find support at $1.6. If the decline extends, the price could drop to around $1.5. Further bearish pressure could push the value of this artificial intelligence coin down to a strong support level at $1.3, indicating significant selling pressure. 
<figure id="attachment_202142" aria-describedby="caption-attachment-202142" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-202142" src="https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-53.png" alt="Fetch.ai Price Forecast: How Will the Superintelligence Merger Impact FET to $5?" width="1292" height="649" srcset="https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-53.png 1292w, https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-53-300x151.png 300w, https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-53-1224x615.png 1224w, https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-53-768x386.png 768w, https://coingape.com/wp-content/uploads/2024/06/FETUSD_2024-06-13_12-25-53-150x75.png 150w" sizes="(max-width: 1292px) 100vw, 1292px">
 <figcaption id="caption-attachment-202142" class="wp-caption-text">
 Fetch.ai Price Forecast: Source|<a rel="nofollow" href="https://www.tradingview.com/x/95eFaje3/">Tradingview</a>
 </figcaption>
</figure> 
The technical indicators for Fetch.ai on the 4-hour chart show signs of a potential shift in momentum. The Relative Strength Index (RSI) is currently at 44. This places FET in a neutral zone, neither significantly overbought nor oversold, hinting at a potential for a bullish trend. 
The Moving Average Convergence Divergence (MACD) indicates a slightly bearish sentiment. The signal line diverges below the MACD line, highlighting increasing selling pressure. Additionally, the MACD histogram shows shorter bars, reflecting a decrease in the short term as the price is recovering. 
The post <a href="https://coingape.com/markets/fetch-ai-price-prediction-can-fet-reach-5-on-ai-super-intelligence-merger-with-ocean-protocol-singularitynet/">Fetch AI Price Prediction: Can FET Reach $5 On Upcoming AI Super Intelligence Merger?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Fetch AI Price Prediction: Can FET Reach $5 On Upcoming AI Super Intelligence Merger?

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