FetchAI (FET), which manifests itself as artificial intelligence-based cryptocurrencies take flight, challenges the market.
Developments in the artificial intelligence sector have stimulated cryptocurrencies associated with this technology. The new moves of OpenAI, the creator of ChatGPT, which left its mark on 2023, have brought many artificial intelligence-based cryptocurrencies, especially Worldcoin (WLD), to higher levels. Fetch.ai (FET), one of the first altcoins that comes to mind when artificial intelligence is mentioned, has come to the fore with its increase in a short time. Overcoming the challenging resistance levels one by one, FET seems to be making a name for itself for a while with the artificial intelligence craze.
So, can the rise on the FET side be permanent? Which levels will be important to monitor for FET?
It's struggling at a critical level!
After exceeding $ 0.5646 in volume, FET, which maintained its persistence above $ 0.7542, reached $ 0.8898 with the increase in artificial intelligence craze. FET, which is currently pushing an important resistance level, can move towards 1.0536 – 1.3086 – 1.5636 and 1.7212 dollars, respectively, if it closes daily above $ 0.8960. In this process, the performance of other artificial intelligence coins and the continuity of the trend will be decisive.
Factors such as the artificial intelligence trend not being sustainable, FET remaining below $0.8960, or BTC turning the needle down will naturally push the parity to lower levels. In such a scenario, a buyer reaction can be expected first at $0.7542. If the reaction is insufficient, there may be declines to 0.5646 - 0.4644 and 0.3320 dollars, respectively.
