$FET (ASI) Targets $0.80 Amidst AI Ecosystem Expansion

$FET , the native token of Fetch.ai and the Artificial Superintelligence Alliance (ASI), is currently trading at $0.7544, reflecting a modest increase of approximately 1.7% from the previous close. The token has experienced significant growth over the past year, with its price increasing by over 100%.

---

🔍 Technical Overview:

Support Levels:

Immediate Support: $0.72

Secondary Support: $0.68

Resistance Levels:

Immediate Resistance: $0.80

Major Resistance: $0.90

FET has been consolidating after pulling back from its recent highs, indicating a potential pause before the next move. The Relative Strength Index (RSI) suggests that the token is approaching oversold territory, which could signal a potential reversal if buying pressure increases.

📈 Market Sentiment:

Partnerships: Fetch.ai has secured collaborations with major entities like Bosch, the European Space Agency, and Deutsche Telekom, enhancing its credibility and adoption.

Token Merger: In June 2024, Fetch.ai, SingularityNET, and Ocean Protocol formed the Artificial Superintelligence Alliance (ASI), merging their tokens into a unified ASI token. The conversion rate is 1 FET = 1 ASI, streamlining operations and enhancing the development of decentralized AI technologies.

🎯 Signal:

If FET maintains support above $0.72 and breaks through the $0.80 resistance with strong volume, it could target the $0.90–$1.00 range in the near term. Conversely, a drop below $0.72 may lead to a retest of lower support levels around $0.68.

#MyCOSTrade #CEXvsDEX101 #PCEMarketWatch #FTXRefunds #PCEMarketWatch