Fetch.ai (FET) Price Targets New All-Time High (ATH) Following Impressive 620% Year-on-Year Expansion

Fetch.ai has experienced a remarkable surge in value, breaking its own records in recent times. Within just 30 days, it skyrocketed by an impressive 67%, and over the past year, it has soared an astonishing 620%. Experts predict that by 2024, Fetch.ai will reach $1.27. Riding this wave of momentum, cryptocurrency analyst Rekt Capital has conducted a detailed analysis of Fetch.ai’s current trajectory, exploring various key factors and indicators to predict an imminent new all-time high (ATH).

Rekt Capital, in his recent insights shared with his dedicated followers, has highlighted Fetch.ai’s promising performance on the machine learning platform. The analyst has identified critical support and resistance levels, honing in on a crucial scenario for FET’s trajectory. The successful retest of the $0.59 support level has placed Fetch.ai in an optimistic position to breach the $0.73 resistance, a pivotal move that will trigger a surge to new all-time highs.

It is worth noting that Fetch.ai’s previous peak was recorded at $1.17 in September 2021. Currently, it is trading at $0.77, indicating a significant 10.6% surge in the past 24 hours. The technical analysis for Fetch.ai is also favorable, with approximately 60% of trading days showing positive trends. Furthermore, nearly 30 technical indicators are pointing towards a bullish trajectory for Fetch.ai.

The surge in Fetch.ai’s value is attributed to upcoming events, particularly an eagerly anticipated airdrop where Fetch.ai plans to distribute $500 worth of FET tokens to its users. This news has further bolstered the recent rally in Fetch.ai and supports predictions that the price will reach new highs in the coming months.

Aside from Fetch.ai and Bitcoin, Rekt Capital draws attention to the broader altcoin market and its ongoing dynamics. The analysis sheds light on a crucial retest in the altcoin market capitalization, excluding the top 10 digital assets based on market cap. This evaluation underscores the intricate movements within the altcoin space, providing hints of potential shifts and trends that can influence these diverse digital assets.

Tags: Altcoins