Fetch.ai (FET) has been on a bullish run, which has attracted significant attention as regards its upward price movements. In the past month alone, FET has risen by 170%, vowing to its market resilience. Besides, just over the last week, it surged by nearly 22%
As of the latest update, FET still has enough positive momentum for its prices. Currently, Fetch.ai is trading at $2.98, and a 24-hour trading volume of $ 1.22 billion is recorded. The market cap for FET stands at $2.05 billion, as reported. It is worth noting that FET appreciated by 5.50% over the last day.
FET Bullish Sentiment: Analysts Predict 50-60% Surge
Several cryptocurrency analysts have a positive outlook on FET’s price continuing to project strong upward momentum. In particular, Captain Faibik, among these analysts, has distinguished himself with his astute recognition of a Bullish Flag Breakout pattern on FET’s 4-hour timeframe chart.
This breakout signals that the market may change into a bullish trend, prompting Captain Faibik to estimate a robust 50-60% bullish rally expected in the near future. His analysis not only indicates the technical indicators but also highlights possible significant benefits during a short period.
Sensei, another prominent analyst, draws attention to the historical significance of a Golden Cross formation on $FET, noting that the last occurrence led to a remarkable 5x surge in price. Sensei hints at the possibility of another Golden Cross, implying further growth potential for FET.
Furthermore, Rekt Capital weighs in, observing that $FET appears to be gradually preparing itself to challenge its previous All-Time High. This collective analysis underscores a prevailing bullish sentiment toward FET’s future price movements, reflecting a consensus among analysts regarding its potential for upward trajectory and gains.
These insights paint a compelling picture of the growing bullish sentiment surrounding FET. Analyst observations highlight technical indicators and indicate a deep understanding of market dynamics and investor psychology.
However, with each analyst offering their unique perspective, it is clear that the consensus remains: FET is ready for possibly rallying, giving investors a chance to benefit from the expected bullish momentum in the cryptocurrency market.
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