Fetch.ai Price Prediction: 2024, 2025, 2030

FET price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly timeframe, the highest resistance level can be anticipated at around $3.47.
• Subsequently, the lowest support level was established around the $0.20 mark.

2. Market sentiment

• In April 2024, the overall market sentiment is seen to be strongly bullish.

3. Predictive forecasts

• Our AI/ML models have predicted FET to likely reach an average value of $5.35 by 2030 and $23.12 by 2035.

Gain insights on FET via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

FET technical analysis: Bulls to reclaim ATH after pullback?

The price prediction for Fetch.ai (FET) in 2024 is based on its impressive performance throughout last year, particularly the recent bull run that has impacted a number of artificial intelligence (AI) tokens. 

The analysis period began with FET securely positioned above the $0.33 support line. Yet, by the middle of April 2023, the price began to falter, falling beneath this crucial support amid market corrections. 

By June, the situation had intensified, driving the price down to the $0.20 range, the lowest support observed during this phase. Thereafter, FET's price entered a stagnant phase, hovering just above this bottom support for several months until October.

The narrative for FET shifted significantly in mid-October when bullish forces took control, propelling the token's price upward. This momentum was sustained, enabling FET to ascend beyond the previous threshold and settle around the $0.51 mark by November's mid-point.

The final months of the year through February witnessed considerable market fluctuations. Despite this volatility, the bulls managed to rally and surge FET's value beyond the $1.99 level by late February.

As the market transitioned into March, FET slightly crossed the significant resistance level of $3.05. In a show of remarkable strength, it achieved a historic milestone, registering a new all-time high (ATH) value at $3.47. These milestones were a testament to FET’s demand, which showed no signs of slowing down.

Throughout the month, the $3.05 mark repeatedly proved to be a significant level for market forces. Nevertheless, as April unfolded, the bullish trend waned. Furthermore, a corrective downturn ensued, diminishing FET's value from its recently achieved peak.

At the end of the analysis, FET was trading at $2.04, a retracement indicative of market corrections after significant gains. CoinMarketCap’s statistics have shown that FET’s value went up by a whopping 410% over the past year. This signified that investors were still confident about the token.

The crypto community has devised innovative solutions and proposals to make the network stand out. Interestingly, a recent proposal has been revealed. This proposal—laid out by the development teams of Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), aims to unify all three AI tokens into one. 

The proposed ticker for this merged cryptocurrency is “ASI,” standing for Artificial Superintelligence Alliance. This is projected to have a diluted market cap of $7.5 billion and is still pending community approval.
 

If this developmental trajectory continues, FET’s value may surge higher to touch the $3.05 mark within the next few weeks. Furthermore, a sustained bull rise may lead to higher investor involvement, and FET can likely reclaim the ATH value of $3.47 in the upcoming months.

However, if the bears continue their strong hold over the market, FET’s value may fall below the $1.99 mark within the next few weeks. A strong bearish rally may even result in the altcoin plunging further to touch the $0.51 level in the upcoming months.

FET’s long-term trajectory seems to be positive. Our AI/ML models have predicted the token to likely touch an average of $5.35 by 2030. FET has garnered substantial recognition as an AI token, with investors constantly keeping an eye on its growth prospects. Introducing a wide array of use cases may lead to FET’s value climbing further and touching $23.12 by 2035.

FET's 2024 roadmap: Key indicators to watch and trade

• The trading volume moved in sync with the price movements. Pullbacks were characterized by a decrease in volume, suggesting a lack of strong selling pressure. Conversely, bullish rallies were accompanied by an increase, indicating strong buyer interest and momentum in the market.
• There were significant spikes in trading volume between October and December, as well as during February and March. However, the trading volume had waned from its recent highs at the time of writing.
• The Awesome Oscillator (AO) value was above the neutral line at the beginning of the analysis period. By early June, the AO dipped beneath the neutral line and continued until the end of October. However, until October, the value of AO remained low, which signified a weak momentum for the asset.
• From early November, the AO went past the neutral line and kept surging. A major spike in the AO was observed at the end of February. At the time of writing, the AO had dipped slightly from its previous high but didn’t fall to its previous lows. This indicated that the bullish trend was persistent.
• The OBV value remained positive throughout the analysis period. It was stagnant until early October. However, after this period, the OBV began an upward journey.
• After consistently surging, the On-Balance Volume (OBV) stagnated again between mid-December and January. After this, another surge was observed that continued until mid-March. At press time, the OBV value, which stood at 15.17 billion, had slightly waned from its highest value. This signified a slight decline in buying pressure, which could indicate hesitancy among buyers.