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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-fetch-ais-current-price-trends-and-future-potential/" data-wpel-link="internal">Exploring Fetch.ai’s Current Price Trends and Future Potential</a> 
Fetch.ai’s (FET) current price levels could indicate a successful upward trend with potential backing from investors. The <a href="https://coin-turk.com/duzenleyici-baskisi-ve-guncelleme-derken-bu-altcoin-para-muslugu-kisildi" data-wpel-link="internal">Altcoin</a> may also be relying on <a href="https://coin-turk.com/bitcoin-btc-fiyatinin-20-000-dolarin-ustune-cikamama-sebepleri-neler" data-wpel-link="internal">Bitcoin</a> for its post-halving rise. 
<h2 style="text-align: justify" id="current-view-of-fet">Current View of FET</h2> 
Whales’ past actions have created effects on Fetch.ai’s price, presenting a significant condition for investors once again. In recent days, amidst horizontal price movements, whales seem to have shifted from holding to accumulating. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-343380" src="https://coin-turk.com/wp-content/uploads/2024/04/fet-sebepler-coin-turk-com.png" alt="" width="532" height="315"> 
Within a 48-hour market period, addresses holding between $100,000 and $10 million in FET saw their assets increase by $59 million. This could be a sign of growing optimism for a potential price rally. 
A potential rally could occur sooner than expected for several reasons, including the correlation between FET and <a href="https://en.coin-turk.com/tether-ceo-highlights-cryptocurrency-success-amid-mainstream-media-silence/" data-wpel-link="internal">Bitcoin</a>. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-343379" src="https://coin-turk.com/wp-content/uploads/2024/04/fet-odul-yariya-coin-turk-com.png" alt="" width="536" height="320"> 
This situation leads to a supply shock, causing the <a href="https://en.coin-turk.com/anticipation-for-multiple-spot-bitcoin-etf-approvals-in-hong-kong/" data-wpel-link="internal">BTC</a> price to rise. Consequently, altcoins feel the impact of this rise, with FET sharing a correlation of 0.85 among these assets. 
<h2 style="text-align: justify" id="the-future-of-fet-prices">The Future of FET Prices</h2> 
Fetch.ai is currently trading at $2.426, showing a double bottom formation. This technical formation generally indicates an upcoming rise, represented by nearly identical consecutive lows. 
From a point indicating a downward trend, a potential upward reversal could emerge at the end of this formation. 
Although FET broke the neckline at $2.28 last week, the formation has not yet been confirmed. Considering the formation, the price target is 14.72% above the neckline, which currently appears 8% away from the trading price. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-343378" src="https://coin-turk.com/wp-content/uploads/2024/04/fet-14-coin-turk-com.png" alt="" width="555" height="234"> 
Therefore, considering its current price, Fetch.ai’s price could still have a significant gap to experience a price increase in the coming days. 
However, the market could turn to a decline before a rise. In such a case, the price might test the support level at $2.28, which serves as the neckline. Losing this support could completely invalidate the rally, potentially dropping Fetch.ai’s price to $2.10. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-fetch-ais-current-price-trends-and-future-potential/" data-wpel-link="internal">Exploring Fetch.ai’s Current Price Trends and Future Potential</a></h5>

Exploring Fetch.ai’s Current Price Trends and Future Potential

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