{"id":560897,"date":"2023-11-15T22:00:18","date_gmt":"2023-11-15T22:00:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=560897"},"modified":"2023-11-15T20:50:50","modified_gmt":"2023-11-15T20:50:50","slug":"fetch-ai-fet-mega-bull-run-to-2021-highs","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/fetch-ai-fet-mega-bull-run-to-2021-highs\/","title":{"rendered":"Is Fetch.ai (FET) On The Cusp Of Another Mega Bull Run To 2021 Highs?"},"content":{"rendered":"

A crypto trader\u00a0<\/span>took<\/span><\/a>\u00a0to X on November 15, predicting that FET, the native currency of Fetch.ai, an AI-centric platform, could be aligning itself for a “green path,” resuming the uptrend of the past few weeks.\u00a0<\/span><\/p>\n

The analyst, @rektcapital, believes the recent price action on the weekly chart points to strength. Moreover, the possibility of FET bulls flowing back and driving prices above the immediate resistance level registered in early November remains elevated at spot rates.<\/span><\/p>\n

\"Fetch.ai
Fetch.ai set for the green path | Source: Rektcapital on X<\/figcaption><\/figure>\n

FET Remains Bullish, Up 770% From 2022 Lows<\/span><\/h2>\n

Looking at the candlestick arrangement in the weekly chart, FET buyers have had the upper hand. To quantify, the coin is up 140% from July 2023 lows and may be preparing for even more upsides if prices break above $0.46 recorded in the first week of November. As it is, FET is up by over 770% from December 2022 lows when the coin plunged to as low as $0.0570.\u00a0<\/span><\/p>\n

Related Reading: If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble \u2013 Here\u2019s Why<\/a><\/div>\n

From technical analysis, FET recovered from around $0.17, representing the 78.6% Fibonacci retracement level of the trading range established in the first half of 2023. FET prices may rise, building on the bullish engulfing bars of late October and early November 2023, breaking above $0.46. This expansion, in turn, may create the base for the next leg up to $0.60, marking 2023 highs.\u00a0<\/span><\/p>\n

\"FET<\/a>
FET price trending upward on the weekly chart | Source: FETUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

Despite the current rally, whether FET prices will find the momentum to retest 2021 highs of $1.20 is still unclear. Even so, as FET expands, there is a notable change in participation levels, looking at trading volume, between 2023 and 2021. <\/span><\/p>\n

Prices might be down 65% from the September 2021 peak, but associated trading volume is higher, suggesting more support. If trading volume is a leading indicator, it is highly likely that even if FET moves in a green path as @rektcapital predicts, the odds of the coin retesting 2023 and 2021 highs will be high and the uptrend possibly rapid.<\/span><\/p>\n

Fetch.ai Building, Dominates Social Media Activity<\/span><\/h2>\n

In October, Fetch.ai\u00a0<\/span>launched<\/span><\/a>\u00a0DeltaV, an open platform allowing users to interact with Fetch.ai agents and services naturally and intuitively. With this solution, developers hope users will further explore the blockchain, utilizing its capabilities. <\/span><\/p>\n

Related Reading: Bitcoin Bearish Signal: Exchange Inflows Hit $1.2 Billion In Past Month<\/a><\/div>\n

At the same time, Fetch.ai\u00a0<\/span>emerged<\/span><\/a> as the leading crypto AI project by social media activity. With over 1,700 posts and over 409,000 interactions as of November 15, the platform is more popular than The Graph (GRT<\/a>) and the Ocean Protocol (OCEAN).<\/span><\/p>\n

Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto trader\u00a0took\u00a0to X on November 15, predicting that FET, the native currency of Fetch.ai, an AI-centric platform, could be aligning itself for a “green path,” resuming the uptrend of the past few weeks.\u00a0 The analyst, @rektcapital, believes the recent price action on the weekly chart points to strength. Moreover, the possibility of FET bulls flowing back and driving prices above the immediate resistance level registered in early November remains elevated at spot rates. FET Remains Bullish, Up 770% From 2022 Lows Looking at the candlestick arrangement in the weekly chart, FET buyers have had the upper hand. To quantify, the coin is up 140% from July 2023 lows and may be preparing for even more upsides if prices break above $0.46 recorded in the first week of November. As it is, FET is up by over 770% from December 2022 lows when the coin plunged to as low as $0.0570.\u00a0 Related Reading: If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble \u2013 Here\u2019s Why From technical analysis, FET recovered from around $0.17, representing the 78.6% Fibonacci retracement level of the trading range established in the first half of 2023. FET prices may rise, building on the bullish engulfing bars of late October and early November 2023, breaking above $0.46. This expansion, in turn, may create the base for the next leg up to $0.60, marking 2023 highs.\u00a0 Despite the current rally, whether FET prices will find the momentum to retest 2021 highs of $1.20 is still unclear. Even so, as FET expands, there is a notable change in participation levels, looking at trading volume, between 2023 and 2021. Prices might be down 65% from the September 2021 peak, but associated trading volume is higher, suggesting more support. If trading volume is a leading indicator, it is highly likely that even if FET moves in a green path as @rektcapital predicts, the odds of the coin retesting 2023 and 2021 highs will be high and the uptrend possibly rapid. Fetch.ai Building, Dominates Social Media Activity In October, Fetch.ai\u00a0launched\u00a0DeltaV, an open platform allowing users to interact with Fetch.ai agents and services naturally and intuitively. With this solution, developers hope users will further explore the blockchain, utilizing its capabilities. Related Reading: Bitcoin Bearish Signal: Exchange Inflows Hit $1.2 Billion In Past Month At the same time, Fetch.ai\u00a0emerged as the leading crypto AI project by social media activity. With over 1,700 posts and over 409,000 interactions as of November 15, the platform is more popular than The Graph (GRT) and the Ocean Protocol (OCEAN). Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":560899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10151,90090,90089,17203,90088,87769],"class_list":["post-560897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-fet-bulls","tag-fet-price","tag-fetch-ai","tag-fetch-ai-price","tag-fetusdt"],"acf":[],"yoast_head":"\nIs Fetch.ai (FET) On The Cusp Of Another Mega Bull Run To 2021 Highs?<\/title>\n<meta name=\"description\" content=\"Fetch.ai looks likely to rally and FET register new 2023 highs, continuing their impressive performance of this year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/uniquehot.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is Fetch.ai (FET) On The Cusp Of Another Mega Bull Run To 2021 Highs?","url":"http:\/\/uniquehot.com\/news\/fetch-ai-fet-mega-bull-run-to-2021-highs\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/fetch-ai-fet-mega-bull-run-to-2021-highs\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Crypto-news-Template12.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Crypto-news-Template12.png?fit=1380%2C780"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ai","fet bulls","fet price","fetch.ai","fetch.ai price","fetusdt"],"dateCreated":"2023-11-15T22:00:18Z","datePublished":"2023-11-15T22:00:18Z","dateModified":"2023-11-15T22:00:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Is Fetch.ai (FET) On The Cusp Of Another Mega Bull Run To 2021 Highs?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/fetch-ai-fet-mega-bull-run-to-2021-highs\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/fetch-ai-fet-mega-bull-run-to-2021-highs\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Crypto-news-Template12.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Crypto-news-Template12.png?fit=1380%2C780\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ai\",\"fet bulls\",\"fet price\",\"fetch.ai\",\"fetch.ai price\",\"fetusdt\"],\"dateCreated\":\"2023-11-15T22:00:18Z\",\"datePublished\":\"2023-11-15T22:00:18Z\",\"dateModified\":\"2023-11-15T22:00:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Crypto-news-Template12.png?fit=1380%2C780","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/560897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=560897"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/560897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/560899"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=560897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=560897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=560897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}