Value

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fetch-ai-price-declines-before-asi-merger/" data-wpel-link="internal">Fetch.ai Price Declines Before ASI Merger</a><br></p>
<p class="p1" style="text-align: justify">Fetch.ai price, one of the popular <a href="https://en.coin-turk.com/stargate-finance-stg-price-analysis-and-predictions/" data-wpel-link="internal">altcoin</a> projects in the <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">AI field</a>, recorded a notable decline instead of rising before the ASI merger, along with the general market downturn. However, with less than 72 hours left until the merger, this process could be a good and potentially last chance to strengthen the FET price.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-with-fetch-ai">What’s Happening with Fetch.ai?</h2> 
<p class="p1" style="text-align: justify">Fetch.ai’s $1.04 price presents a potential buying opportunity in the form of a low Market Value to Realized Value (MVRV) ratio. The MVRV ratio measures investor profit/loss, and Fetch.ai’s 30-day MVRV data at -15% indicates losses and potentially encourages purchases. Historically, FET’s MVRV data, ranging between -10% and -32%, usually precedes events and is considered an accumulation opportunity zone.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370404 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/fet.webp" alt="" width="1536" height="520"></p> 
<p class="p1" style="text-align: justify">Secondly, Fetch.ai’s MACD data is approaching a reversal above the zero line, indicating a potential shift towards bullish momentum. This change suggests that the asset’s price trend may soon enter a positive phase.</p> 
<p class="p1" style="text-align: justify">Additionally, Fetch.ai is observing an uptrend with the formation of a double bottom in the indicator. This pattern typically signals a strong bullish trend and further supports the potential for price recovery and growth.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370403 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/fet-macd.webp" alt="" width="1804" height="808"></p> 
<h2 class="p1" style="text-align: justify" id="fet-chart-analysis">FET Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Fetch.ai’s price is likely to show little or no growth as the market stabilizes. Additionally, with the ASI merger planned for July 15, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> will likely see some positive changes before acting on the crypto asset. This could cause FET to remain stuck between $1.04 and $1.71, a consolidation zone for the altcoin, and the lack of optimism may prevent a breakout above the upper limit.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370402 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/fet-grafik.webp" alt="" width="1804" height="808"></p> 
<p class="p1" style="text-align: justify">However, if the merger injects hype into the artificial intelligence (AI) market, price increases can be expected along with many altcoin projects. This process could help Fetch.ai’s price break the $1.71 resistance, invalidating the thesis that the downtrend is neutral.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/fetch-ai-price-declines-before-asi-merger/" data-wpel-link="internal">Fetch.ai Price Declines Before ASI Merger</a></h5>

Fetch.ai Price Declines Before ASI Merger

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