Movement

Strong

when

<ul>
  
 <li>A whale repurchased 1.79M $FET at $1.33 after selling at $1.02, showing renewed market interest in Fetch.ai.</li>   
 <li>$FET rose 73% since a crypto analyst's buy recommendation, reaching $1.3890 with strong upward momentum.</li>   
 <li>Recent whale activity and sustained price growth signal positive sentiment for Fetch.ai, reaching a high of $1.3890.</li> 
</ul>   
<p>Fetch.ai ($FET) has experienced a <a href="https://cryptonewsland.com/analyst-remains-bullish-on-bitcoin-after/">sharp price surge</a> of 70% in the past week. One particular whale's actions have stood out, revealing a substantial amount of transaction involving $FET tokens.&nbsp;</p>   
<p>Notably, this whale repurchased 1.79 million $FET tokens from Binance at $1.33, spending 2.385 million USDT. This trade occurred roughly six hours ago, marking an unusual shift in strategy for the whale, who had sold 2.33 million $FET at a lower price of $1.02 between August 11 and August 23.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/lookonchain/status/1827880557042430457 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-whale-s-regret-evident-in-recent-buyback"><strong>Whale's Regret Evident in Recent Buyback</strong></h2>   
<p>The <a href="https://cryptonewsland.com/crypto-whale-loses-55m-in-phishing-scam-55-47m-dai-stolen-and-converted-to-ether/">whale’s activity shows</a> a potential change in sentiment, as they decided to repurchase tokens at a higher price after selling them at a lower value just days earlier. The whale initially sold 2.33 million $FET for 2.385 million USDT when the price was lower, around $1.02.&nbsp;</p>   
<p>Now, the same whale is buying back nearly the same amount, but at a price of $1.33 per $FET. This sequence of events demonstrates a costly decision, as the whale paid a premium to regain their tokens. Nevertheless, the whale’s re-entry into the market reflects a renewed interest in $FET, especially given the recent price jump.</p>   
<h2 class="wp-block-heading" id="h-analyst-observes-fetch-ai-s-performance"><strong>Analyst Observes Fetch.ai's Performance</strong></h2>   
<p>Crypto analyst and trader DrProfitCrypto <a href="https://x.com/DrProfitCrypto/status/1827826562302935079" target="_blank" rel="noreferrer noopener nofollow">pointed out</a> that $FET has gained 73% since their recommended entry point. The cryptocurrency has been experiencing strong upward momentum, reaching $1.3890 on Coinbase. This price movement, coupled with the whale’s actions, indicates significant market interest in Fetch.ai.&nbsp;</p>   
<p>On a 4-hour price chart, there has been a clear upward trend, with the price increasing by over 72%, gaining approximately $0.5826. According to the analyst, the timing of the buy during a dip in mid-August played a crucial role in capitalizing on the subsequent surge.</p>   
<p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXclGFRaaFC2VTXnGj3YJGZ_j5j1P9zGnFMQf01efLc_tRafq_d9zzzu7BXSSf2I81hPUGFyOlTiaMb6BvRo_jMsUDH744ei2duIXGSQNbI8QWskC7CUJY9x_whSZCZAAi_NfOSEYyJDKwH-INCrwoHyBc_K?key=W73xNQbcu6DjTJ0Wycb1Aw"></p>   
<p>Source: <a href="https://x.com/DrProfitCrypto/status/1827826562302935079" target="_blank" rel="noreferrer noopener nofollow">DrProfitCrypto</a></p>   
<h2 class="wp-block-heading" id="h-strong-price-movement-on-display"><strong>Strong Price Movement on Display</strong></h2>   
<p>Fetch.ai reached a high of $1.3890, reflecting <a href="https://cryptonewsland.com/ethereum-etfs-records-strong-flows-as-blackrock-leads-market-expansion/">a positive trend</a> and renewed interest in the cryptocurrency. The rapid upward movement in $FET’s value has been highlighted as a successful trade opportunity by DrProfitCrypto, who emphasized the importance of timely buying during a market dip.&nbsp;</p>   
<p>Each of the 4-hour intervals shows sustained growth, with the most recent candle reflecting a 3.05% increase. The whale's actions, combined with ongoing positive market sentiment, continue to drive Fetch.ai's performance.</p> 
<p>The post <a href="https://cryptonewsland.com/whale-rebuys-fetch-ai-fet-tokens-after/">Whale Rebuys Fetch.ai (FET) Tokens After Price Surges 70% in a Week, Signaling Strong Market Demand</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Whale Rebuys Fetch.ai (FET) Tokens After Price Surges 70% in a Week, Signaling Strong Market Demand

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