Convergence

bullish

Fetch

The Graph

Fetch AI (FET) price, a leading artificial intelligence token, has surged recently, signaling a potential upward trend in the AI crypto market. Other AI-based tokens have also seen significant price increases, reflecting a broader bullish sentiment. The surge is linked to Nvidia’s upcoming second-quarter earnings report, which has sparked investor interest in AI technologies within the cryptocurrency sector.&nbsp; 
<h2 id="strong-fetch-ai-price-surge-sparks-whale-activity-ahead-of-nvidia-earnings-strong">Fetch AI Price Surge Sparks Whale Activity Ahead of Nvidia Earnings</h2> 
Fetch AI price and other <a href="https://coingape.com/top-ai-crypto-tokens/">AI tokens</a> have experienced a significant surge over the past week, with notable gains in Render, The Graph (GRT), Bittensor (TAO), and SingularityNET (AGIX).&nbsp; 
While AI cryptos are coiling up for an explosive breakout due to <a href="https://coingape.com/markets/3-coins-that-could-rally-100-ahead-of-nvidia-earnings/">Nvidia Corp’s August 28 earnings report</a>, Lookonchain reported a spike in FET whale activity.&nbsp; 
On August 26, the on-chain analytics platform highlighted whale activity involving Fetch AI (FET). The whale, seemingly regretting an earlier sale at a lower price, repurchased 1.79 million FET tokens at $1.33 each from Binance, spending $2.38 million in Tether (USDT). This whale activity underscores the growing interest and volatility in AI-related assets as key tech firm earnings approach. 
<blockquote class="twitter-tweet"> 
 The price of <a rel="nofollow" href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FET</a> has surged 70% in the past 7 days! 
 A whale seemed to regret selling before and spent 2.385M <a rel="nofollow" href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> to buy 1.79M <a rel="nofollow" href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FET</a> back from <a rel="nofollow" href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> at a higher price of $1.33 6 hours ago 
 This whale sold 2.33M <a rel="nofollow" href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FET</a> for 2.385M <a rel="nofollow" href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> at $1.02 from Aug 11 to Aug 23.… <a rel="nofollow" href="https://t.co/SNIbPrNp0z">pic.twitter.com/SNIbPrNp0z</a> 
 — Lookonchain (@lookonchain) <a rel="nofollow" href="https://twitter.com/lookonchain/status/1827880557042430457?ref_src=twsrc%5Etfw">August 26, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-fet-price-analysis-more-gains-ahead-after-70-week-surge-strong">FET Price Analysis: More Gains Ahead After 70%-Week Surge?</h2> 
Over the past 24 hours, Fetch AI (FET) price has significantly increased by 12% to $1.3, reflecting notable buyer pressure ahead of the highly anticipated events.&nbsp; 
The AI-based cryptocurrency recorded a high of $1.40 and a low of $1.17 within this period, signaling a volatile yet upward trend. The FET token, a key player in the emerging artificial intelligence space, has seen a remarkable resurgence in investor interest, particularly as it eyes its all-time high (ATH) of $3.47, recorded on March 28, 2024.&nbsp; 
If this upward movement continues, the Fetch price will show strong positive momentum. If the positive trend continues, Fetch.ai is poised to climb towards $2, potentially reaching a new all-time high of $3.47. 
The Moving Average Convergence Divergence (<a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/">MACD</a>) indicates bullish momentum. The MACD line is above the Signal line, suggesting the potential continuation of the upward movement. 
<figure id="attachment_214076" aria-describedby="caption-attachment-214076" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-214076" src="https://coingape.com/wp-content/uploads/2024/08/FETUSDT_2024-08-26_13-58-31.png" alt="Can Fetch AI Price Hit $2 as FET Whales Go on Buying Spree Ahead of Nvidia Earnings" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/08/FETUSDT_2024-08-26_13-58-31.png 1154w, https://coingape.com/wp-content/uploads/2024/08/FETUSDT_2024-08-26_13-58-31-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/08/FETUSDT_2024-08-26_13-58-31-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/08/FETUSDT_2024-08-26_13-58-31-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-214076" class="wp-caption-text">
 Fetch AI Price Chart| Source: <a rel="nofollow" href="https://www.tradingview.com/x/kA1hznsF/">TradingView</a>
 </figcaption>
</figure> 
Supporting this uptrend is the 8.95% spike in Open Interest according to Coinglass data, signaling an increase in market activity for Fetch AI token. Trading volume surged by 51.46%, reaching $290.09 million. This uptick in trading metrics drives a bullish surge in Fetch AI’s price. 
<figure id="attachment_214078" aria-describedby="caption-attachment-214078" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-214078" src="https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-24.png" alt="Can Fetch AI Price Hit $2 as FET Whales Go on Buying Spree Ahead of Nvidia Earnings" width="1355" height="309" srcset="https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-24.png 1355w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-24-300x68.png 300w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-24-1224x279.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-24-768x175.png 768w, https://coingape.com/wp-content/uploads/2024/08/Source-Coinglass-24-150x34.png 150w" sizes="(max-width: 1355px) 100vw, 1355px">
 <figcaption id="caption-attachment-214078" class="wp-caption-text">
 Source- Coinglass
 </figcaption>
</figure> 
Conversely, any shift towards market pessimism might significantly alter Fetch.ai’s path. In such a downturn, FET will likely find support at the $1.3 level. A further decrease could cause its price to fall to approximately $1.&nbsp; 
The post <a href="https://coingape.com/markets/can-fetch-ai-price-hit-2-as-fet-whales-go-on-buying-spree-ahead-of-nvidia-earnings/">Can Fetch AI Price Hit $2 as FET Whales Go on Buying Spree Ahead of Nvidia Earnings</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Can Fetch AI Price Hit $2 as FET Whales Go on Buying Spree Ahead of Nvidia Earnings

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