bullish

Internet Computer

when

Divergence

<ul> 
 <li>FET has made a 67% run up the price curve after its merger with the Internet Computer (CP) and Near Protocol (NEAR) was announced.</li> 
</ul> 
<ul> 
 <li>Analysts predict that FET could go as high as $2.2 when bulls continue to dominate the market.&nbsp;</li> 
</ul> 
<a href="https://www.crypto-news-flash.com/fetch-ai-fet-price-surge-stalls-as-investors-look-for-the-top-crypto-presale-happening-now-2/" target="_blank" rel="noopener">Artificial SuperIntelligence Alliance (FET)</a> surged 9% in the last 24 hours and 67% in the last seven days to trade at $1.364 at press time. 

<div class="cryptoboxes" id="mcw-732494" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="" data-symbol="" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div> 
According to our data, FET dominates the AI and Big Data category of crypto assets by daily and weekly returns, mounting a “hot chase” at Internet <a href="https://www.crypto-news-flash.com/internet-computer-protocol-decahack-empowers-nigerian-youth-in-blockchain-innovation/" target="_blank" rel="noopener">Internet Computer (CP)</a> and Near Protocol (NEAR) as it trails by just $400 million and $2 billion, respectively.&nbsp; 
A whale regrettably sold 2.33M FET for 2.385M USDT at $1.09 amid this dramatic surge. After some hours, the whale spent the 2.385M USDT on 1.79M FET at a higher price of $1.33.&nbsp; 
<h3 id="merger-with-ocean-and-agix-and-innovation-labs-announcement-linked-to-price-surge">Merger with OCEAN and AGIX, and Innovation Labs Announcement Linked to Price Surge</h3> 
Prior to this sudden explosive run, Fetch announced that it had <a href="https://u.today/fet-breaks-free-with-62-surge-as-ai-tokens-lead-market-rebound" target="_blank" rel="nofollow noopener">merged</a> with SingularityNET’s AGIX and Ocean Protocol’s OCEAN and transitioned to ASI.&nbsp; 
<blockquote>
 On July 1 2024 project names and logos will be updated, $AGIX and $OCEAN deposits will close, and $FET deposits and trading will remain unaffected. The migration platform will open on the SingularityDAO dapp, and AGIX and OCEAN will start delisting from exchanges.
</blockquote> 
The rising price has also been linked to our recent <a href="https://www.crypto-news-flash.com/fetch-ai-launches-10m-innovation-lab-for-ai-startups/" target="_blank" rel="noopener">announcements</a> of Fetch.ai, including opening a brand-new global Innovation Lab in San Francisco, California. According to research, the Innovation Labs would be where early-stage startups could blend with developing AI agent solutions with $10 million earmarked annually to support these projects.&nbsp; 
<h3 id="analysts-subject-fet-to-technical-analysis">Analysts Subject FET to Technical Analysis</h3> 
With large investors showing interest in the asset, analyst Javon Marks has predicted that FET is showing a bullish trend, “Hidden Bullish Divergence.” According to him, the asset will make a three-time surge from its current position to hit an all-time high level.&nbsp; 
<blockquote>
 $FET (FetchAI), with its most recent daily close, has confirmed a Bullish Pattern in the form of a Hidden Bullish Divergence that can imply the recent pullback be a temporary one and that a continuation of the prior uptrend could continue! For FET, just the recovery process, pre-continuation, can consist of a nearly +120% upside from here back to its $3.485 all-time high level.
</blockquote> 
Other analysts also believe that FET could target the upper high of $2.2 if bulls continue to control the market and push it above $1.650. However, failure to validate this position would influence negative reactions and drag the price down to $1. This prediction is supported by The Moving Average Convergence Divergence (MACD) and the SMA indicator.&nbsp; 
Generally, the AI tokens have been tipped to dominate the crypto market ahead of Nvidia’s (NVDA) earnings on August 28. Over the years, NVDA has been a bellwether for the space as analysts expect earnings of 65 cents per share (a 141% surge from the previous year). Revenue is expected to rise by 113% to reach $28.72 billion. If this materializes, it would be NVDA’s fifth consecutive quarter of triple-digit growth.&nbsp; 
&nbsp;

Fetch.AI (FET) Breaks Out, Surging 62% as AI Tokens Spark Market Comeback

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