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<p>Crypto analysts and influencers are voicing optimism about the future price trajectory of Fetch.ai (FET). This optimism surrounds the ongoing pullback, which some view as a buying opportunity before the next major upswing.</p>
<p>Kicking things off, @rovercrc <a href="https://x.com/rovercrc/status/1780193670974623931" target="_blank" rel="noopener noreferrer nofollow">stated</a>: “$FET is extremely cheap. It is going to hit $20 this cycle. Don’t miss out.”</p>
<h2 class="wp-block-heading" id="strong-elliott-wave-theory-signals-potential-7x-upside-strong"><strong>Elliott Wave Theory Signals Potential 7x Upside</strong></h2>
<p>@CryptoTony__, a trader utilizing Elliott Wave analysis, <a href="https://x.com/CryptoTony__/status/1780226889975771293" target="_blank" rel="noopener noreferrer nofollow">mapped out</a> a more near-term FET bullish thesis. In a chart breakdown, he identified the retrace lately as the 4th wave in an unfolding 5-wave upward cycle.</p>
<p>The annotations indicate Tony envisions wave (v) propelling FET’s price to the 1.618 Fibonacci extension of wave 3. Though an exact target wasn’t given, he noted: “$1.70 needs to hold to really get this push up to $7.00 I am looking for later this year.”</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="804" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-825.png" alt="" class="wp-image-476300" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-825.png 1600w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-300x151.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-1024x515.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-766x385.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-1536x772.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-2048x1029.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-299x150.png 299w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-697x350.png 697w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-825-788x395.png 788w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>Consequently, if the Elliott Wave pattern plays out as projected, FET could surge over 3x from the noted $2.0862 price when the analysis was conducted.</p>
<h2 class="wp-block-heading" id="strong-what-s-driving-the-optimism-strong"><strong>What’s Driving the Optimism?</strong></h2>
<p>The upbeat projections come amid FET’s steady uptrend since bottoming below $0.30. However, the pullback lately provides a lower-risk entry for traders looking to capitalize on the blockchain’s promising fundamentals.</p>
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<p>Fetch.<a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="ai" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ai</a> is building a decentralized machine learning platform powered by its native FET token. Moreover, FET has an array of real-world use cases, including data monetization and sustainable energy applications.</p>
<p>While past performance doesn’t guarantee future results, the analysts’ forecasts suggest many believe the recent downswing is simply a temporary pause before FET’s next rally leg commences.</p>
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<p>The post <a href="https://captainaltcoin.com/analysts-forecast-bullish-future-for-fetch-ai-fet-despite-pullback-see-major-gains-ahead-key-indicators-to-watch/" rel="noopener noreferrer nofollow">Analysts Forecast Bullish Future for Fetch.ai (FET) Despite Pullback, See Major Gains Ahead: Key Indicators to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analysts Forecast Bullish Future for Fetch.ai (FET) Despite Pullback, See Major Gains Ahead: Key Indicators to Watch

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