AI Coins Set to Explode in September Following Fetch.ai's 10% Price Surge,

Fetch.ai's FET token has seen a resurgence in bullish momentum, witnessing a substantial 10% price surge in the past week. This robust uptick has propelled FET above its key technical thresholds, including the 20-day, 50-day, and 100-day exponential moving averages, a sign often interpreted as a precursor to further price gains.

Nevertheless, the token encountered some selling pressure after briefly attaining a multi-month high of $0.2570 earlier today. Currently, FET is in a retesting phase, hovering around the $0.23 level and closely monitoring its 100-day EMA.

Maintaining stability above this critical support zone could lay the foundation for FET to launch another upward drive in the short term.

Market Sentiment and Momentum Indicators: RSI and MACD

In gauging market sentiment and momentum, two pivotal indicators come to the fore: the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) histogram.

FET's present RSI stands at 60.12, exhibiting a slight dip from yesterday's 63.45. This decrease implies a somewhat less overbought condition, potentially signifying a favorable development for FET and a reduction in the risk of a rapid price correction.

Furthermore, the MACD histogram has experienced a positive shift, ascending from 0.0029 to 0.0032. This uptick underscores the potential continuation of the ongoing uptrend, reinforcing the notion of a bullish outlook for Fetch.ai's FET token in the foreseeable future.