Will FET break the key SMA level, and will shorts push down the price? The price of Fetch.ai (FET) has fallen below its key 100-day Simple Moving Average (SMA), causing concerns about the possibility of further decline to the next support level of $1. This breakthrough marks a critical moment for the asset, opening the door for the formation of negative pressure. As FET enters this crucial stage, market participants are closely following whether it can recover above the SMA, otherwise they will face the risk of further decline. FET has fallen below the 100-day moving average on the 4-hour chart, indicating that the downward momentum has weakened as the price approaches the support level near $1. Breaking below this level indicates weakened buying interest and shorts controlling the market. Maintaining the $1 level could trigger a reversal, while breaking below it could lead to further decline to lower support levels. In addition, the 4-hour Relative Strength Index (RSI) has fallen below the key 50% level, currently at 44%, indicating that as FET strives to regain pump momentum, bearish sentiment is shifting, and dumping pressure continues to increase. With RSI below 50%, sellers are in control, and if RSI fails to recover above this threshold, the bearish trend may persist. Traders should watch for any signs of reversal or whether prices continue to be under pressure, which could lead to further declines. On the daily chart, FET shows strong bearish momentum, highlighted by the bearish candlestick pattern, which has pushed the price below the 100-day moving average. This pattern suggests that sellers have firm control over the market, continuously pushing the price lower and increasing the likelihood of further decline in the short term. Finally, the 1-day RSI analysis suggests that FET may face further decline as it is still below the 50% threshold, reflecting a continued bearish trend. With the dumping pressure likely dominating, the possibility of further decline is high. Rebound above 50% may signal a potential reversal, but FET is still struggling to regain pump momentum at the moment. To grasp the risks and opportunities in FET price movement, it is necessary to carefully evaluate key technical indicators and market sentiment. As the trading price of FET falls below its 100-day SMA and the 4-hour RSI falls below the 50% threshold, the falling momentum is strengthening, which may indicate more downside space towards the support zone around 1 US dollar. However, if the asset successfully holds the key support level or faces buying pressure to rise again, pushing the RSI back above 50% and reclaiming the 100-day SMA, there may be an opportunity for a reversal. At the same time, this could pave the way for a potential pump to the $1.8 resistance level. (Data Source: Godspower Owie)

Will FET soar 12% to reach $5 before the second phase of ASI Token merger? The renamed Fetch.AI (FET) has returned to the price range of $1.4 in the market recovery and is currently testing the resistance level at $1.5. Over the weekend, the AI Token rose nearly 40%, seemingly preparing for a breakthrough. Market observers have made predictions about the short-term and long-term goals of the Token after the merger of the Artificial Intelligence Super Alliance (ASI) Token. This month, the Artificial Superintelligence Alliance has initiated the first phase of the ASI Token merger process. The process starts with renaming Fetch.AI's name and logo to the Alliance's name. In addition, FET has updated its supply and market capitalization, but temporarily retains its stock code. After the renaming, despite FET surpassing other AI Tokens such as Render (RNDR) and becoming the 27th largest Cryptocurrency by Market Cap, its price still dropped by nearly 10%. At that time, the FET token fell below the support level of $1.4 and dropped to the price range of $1.2, and then recovered above the key level of $1.3. The market pullback dragged the price of FET below $1.1, which is a level not seen since the end of February. This performance fell 26% from its opening price of $1.45 in the third quarter. As the market recovers from the pullback in July, FET surged 38.7% over the weekend. The AI Token pumped from the price level of $1.11 and reclaimed the support area of $1.4 on Monday. Some market observers emphasize the steady recovery of FET, indicating that the Token is maintaining a bullish trend and is poised to achieve triple performance. On Thursday, World of Charts pointed out the recent price trend of FET. For analysts, the Token is breaking through the falling wedge pattern, expecting a "large-scale bullish wave" in the coming days, and the price will reach $5. Cryptocurrency analyst Posty shared a similar view with his X fans. In the post, Posty claimed that AI Token "looks much better here" and may break the falling wedge pattern. However, he stated that reclaiming the $1.75 resistance level is key to further pump. Similarly, another analyst believes that the Closing Price breaking through the $1.7 mark will push the price to a new all-time high (ATH). According to the post, breaking through the three-month downtrend line could send FET soaring to $13 after the ASI Token merger. The ASI Alliance announced that on July 22nd, it will hold an X Space meeting with Fetch.ai's CEO and ASI's Chairman Humayun Sheikh to discuss the latest developments. The encryption community has responded positively to this news, expressing excitement for the second phase of ASI Token merge. This phase includes the launch of ASI and the migration of FET Token to a new Token. In the past 24 hours, FET surged 12%, reaching the $1.54 mark. AI Token pumped 25% and 18% on the weekly and monthly timeframes respectively. (Data source: Rubmar Garcia)

AI tokens Fetch.AI, AGIX, and OCEAN Talk merged, surging by double digits Three leading AI blockchain projects – Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) – are about to merge into a new token called Artificial Superintelligence (ASI), with the common goal of building a decentralized AI giant. The program aims to position blockchain technology as a formidable competitor to established tech giants such as OpenAI, Google, Microsoft, and Apple by leveraging their intrinsic advantages in AI development. This major news has received a positive response from the market. In the last 24 hours, Fetch.AI is up 12%, SingularityNET is up 10%, and Ocean Protocol is up a massive 23% in value, highlighting the market's enthusiastic welcome to merger talks. #山寨季开始# The proposed merger, which aims to merge the three tokens into an ASI token, is expected to be worth approximately $7.5 billion when fully diluted. The completion of the merger is subject to the approval of each community member participating in the platform. While negotiations are still ongoing, representatives of SingularityNET, Fetch.ai, and Ocean Protocol remain neutral, choosing not to comment on the matter. According to sources who spoke on condition of anonymity, the deal could be announced as early as Wednesday, subject to the consent of community members for each of the projects involved. At the heart of this cooperation is the creation of a super intelligence collective that will oversee the strategic direction of the combined entity. Ben Goertzel, visionary founder and CEO of SingularityNET, will lead the initiative, while Humayun Sheikh, CEO of Fetch.ai known for his early investment in DeepMind (later acquired by Google), is poised to serve as chairman. This leadership structure aims to synergize each platform's unique technical and philosophical approach to create an environment in which decentralized AI can thrive away from the traditional corporate model dominated by shareholder interests. This bold move comes against the backdrop of escalating investments in AI technology by heavyweight tech companies, signaling a broad industry consensus on AI's transformative potential. These companies' growing interest in AI has sparked a parallel movement in the cryptocurrency space, with projects such as SingularityNET, Fetch.ai, and Ocean Protocol leading the development of decentralized AI solutions. These solutions are designed to democratize AI advancements and ensure that the benefits of AI technology can be enjoyed by a wider audience, not just a coalition of tech oligarchs. Fetch.AI (FET) is the largest of all three AI crypto projects by market capitalization, and Fetch.AI (FET) continues its price discovery pattern after breaking through all-time highs in mid-February. The current FET is trading at $3.24. (Source: Jake Simmons)

PANews, June 11th - According to official sources, the final date for the merger of Fetch.AI, SingularityNET, and Ocean Protocol tokens has been postponed from June 13, 2024, to July 15, 2024. The official statement mentioned that this schedule adjustment is necessary to accommodate the logistical needs and technical dependencies of exchanges, validators, and a wider ecosystem of collaborators. The preparation phase for token merger includes managing complex integrations, careful coordination, and attention to various components. These third-party dependencies are crucial for the smooth execution of the token merger process, ensuring that all stakeholders' needs are fully met. The existing FET, AGIX, and OCEAN tokens will continue to be traded independently on exchanges. Once the third-party integration is completed, the ASI token will be launched, and FET, AGIX, and OCEAN will cease independent trading and merge into the ASI token.

Odaily Planet Daily News Fetch.ai officially announced that it will become the title sponsor of the London AI Summit and will also use its AI agent technology to take over the AI Summit Hackathon.

Despite Nvidia's price drop, AI encrypted tokens are still skyrocketing: $FET, $AGIX and $INJ lead the way. Despite Nvidia's price falling by 6.6%, AI-related cryptocurrencies such as Fetch.ai ($FET), SingularityNET ($AGIX), and Injective ($INJ) have still performed very well in the past day. Nvidia, a leading enterprise in the field of AI technology, has dropped by 11.08% in the past five days due to concerns over executive stock sales. However, this has not stopped the bullish trend of AI altcoins. $FET, $AGIX, and $INJ have shown significant gains this week, with gains close to 40%. Especially Fetch.ai ($FET), which has become the best performer among the top 100 cryptocurrencies in the past 24 hours. This surge may be related to the potential cooperation implied by Injective ($INJ), which plans to integrate Fetch.ai's AI agents into its DeFi services after the IBC upgrade. Such cooperation will increase the demand for $FET, as its AI agents require $FET tokens as gas to run on the network. What's even more bullish is that an address believed to be associated with DWF Labs, 0x64ec, deposited $1 million worth of FET, approximately $1.456 million, into an exchange 14 hours ago. The address had previously received 10 million $FET from the Fetch.ai Foundation contract seven months ago, worth approximately 5.3 million dollars. Over time, it has deposited a total of 9.65 million $FET to a certain exchange, worth around 12.24 million dollars (+130%). In the past seven months, the Fetch.ai Foundation has also transferred a large amount of $FET to other DWF Labs wallet addresses, indicating strategic movements within the network. The performance of these tokens related to artificial intelligence, especially in the case of the decline in NVIDIA's stock price, highlights investors' growing confidence in the artificial intelligence encryption field. The potential collaboration between Injective and Fetch.ai further enhances this sentiment, indicating an increased utility and demand for $FET. With the ongoing intersection of artificial intelligence and cryptocurrency, tokens such as $FET, $AGIX, and $INJ are expected to further grow. (Data source: Will Izuchukwu)

Golden Finance reported that Fetch.ai, SingularityNET, and Ocean Protocol (Artificial Superintelligence Alliance, ASI) announced the completion of their merger in June this year. The aim is to utilize the new ASI token to create the largest decentralized network for artificial intelligence. From June 11, 2024, FET will be renamed as ASI, and the merger will be completed on June 13. The ASI token will operate throughout the network, providing significant scalability and powerful functionality.

AI Token "Preparing for Round 2": RNDR and FET Drive Industry rise 8% Aside from Bitcoin, memecoins are the biggest narrative of the cycle. However, artificial intelligence (AI) tokens also performed well in the first quarter of 2024. The encryption market recovered over the weekend from the May 1 retracement, with AI Token showing a significant pump. As a result, Xu long industry experts believe that the industry is ready to enter the "second round" of this cycle. Crypto Assets analysts highlight that artificial smart tokens, along with memecoins, are the hottest topic in 2024 and are responsible for most of the huge gains in this cycle. According to the data report, AI was one of the three industries to deliver triple-digit returns in the first quarter. In addition, market capitalization largest manual smart token Fetch.ai (FET) pump by 378.3% during this period. As a result, some analysts believe that the AI industry will be the next major narrative area of the cycle. Trader John Walsh, known as CryptoGodJohn, believes that "the future of AI coins is preparing for a second round." Walsh added that the AI season is "very obvious" and will be "longer higher" depending on developments across industries, including Nvidia's earnings, Apple's AI and Microsoft's $100 billion AI fund. To this, Crypto Assets analyst MacroCRG replied that the massive rise of artificial intelligence "will be obvious in hindsight," considering that the industry's market capitalization is "only" $27.3 billion. As of Monday morning, the AI market capitalization has risen 8%, with a daily volume of about $1.9 billion, according to a MacroCRG post. On Tuesday, market capitalization rising to $27.8 billion, up 2.3% from 24 hours ago. In comparison, memecoin has a market capitalization of $54.4 billion, which is twice the market capitalization of AI. However, its market capitalization falls by 2.8% on the last day, with the top 10 memecoin showing red numbers in the last 24 hours. Despite the excellent performance, some believe that the future of the industry is more pessimistic. According to memecoin trader Murad, the development of the industry will "replace more and more long jobs every year". As a result, "anxiety and desperate attempts to 'succeed' will increase." ” For traders, the industry will be a driving force for the memecoin industry, as "rising AI capabilities will be one of the great forces accelerating the memecoin bubble." ” Financial magnate Warren Buffett expressed a more skeptical view on Saturday. Berkshire Hathaway co-founder and CEO has revealed that he has not been betrayed by AI. Still, Buffett recognizes the potential of AI technology to positively change the world. "The AI industry is on the verge of a multi-trillion dollar boom," said Alex Wacy. Analysts believe that the reason behind this is that the application potential is huge and longing. In addition, experts emphasize that interest in the sector has steadily increased over the last year. The combination of Crypto Assets and AI could "create a multi-trillion dollar market." The post said that the market size is expected to reach nearly $2 trillion by 2030, suggesting that the encryption industry should not ignore this. Tokens such as RNDR have performed well over the past week, with prices soaring by 45%. After a retest after last month's efforts, RNDR is back in the $10 support zone this week. In the past 24 hours, the Token price has surged by 6.4%, with a daily volume rise of 16.8%, with a trading volume of more than $455 million. As John Walsh puts it, FET is "one of the best-performing artificial smart tokens that promises to generate revenue for Nvidia." The trader predicts that the Token is "looking for the next step higher" after a successful retest of the $2.35 resistance level. FET broke above this level over the weekend, pump to $2.5 on Monday and has since stayed above the $2.40 support zone. At the time of writing, the Token is trading at $2.42, up 2.4% over the past 24 hours pump and 22.9% over the past week pump. (Source: Rubmar Garcia)

Odaily Planet News reported that SingularityDAO announced today at 23:00 that FET will initiate the first phase of the ASI token merger plan with AGIX & OCEAN. Earlier, the Artificial Superintelligence Alliance announced significant progress and updates regarding the merger of ASI tokens. The first phase is scheduled to be implemented on July 1, 2024. Deposits and withdrawals of AGIX and Ocean will be closed across exchanges to prepare for the migration process, while deposits, withdrawals, and trading of FET will continue as usual. The migration platform from AGIX and OCEAN to FET is open on the SingularityDAO DApp, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET, and 1 OCEAN to 0.433226 FET. The second phase is the cross-chain deployment of ASI tokens, the FET network upgrades to the ASI network, the migration contracts from FET, AGIX, OCEAN to ASI are open, the EVM and other bridges are open, and the trading platform begins to migrate from FET to ASI spot market.

Odaily Star Daily News SingularityNET (AGIX) officially announced the final date for the token merger of the Artificial Superintelligence Alliance (ASI) with Fetch.ai and Ocean Protocol. The merger will begin on June 11th and will be consolidated under a decentralized artificial intelligence (AI) network. FET will be renamed ASI and will be completed on June 13th. For FET, AGIX, and OCEAN token holders, the merger will involve converting these tokens into ASI tokens at a specific exchange rate. The FET token will be converted to ASI at a ratio of 1:1, to AGIX at a ratio of 1:0.433226, and to OCEAN at a ratio of 1:0.433226. ERC-20 tokens will be launched on June 11th. Users can exchange FET for ASI tokens through the token migration contract, and then exchange for AGIX and OCEAN tokens on June 13th. The migration process will be conducted on the decentralized artificial intelligence platform under SingularityNET, and users can exchange tokens using the audited token migration contract provided by SingularityNET. (Cointelegraph)

According to a report by BlockBeats, as of April 29th, RBN, FET, and AAVE ranked at the top of the 24-hour inflow list of smart funds. According to Nansen data, the 24-hour fund inflow tracking list of smart funds on the Ethereum network is as follows: RBN: Inflow of $7.7 million, current price is $1.14, with a 24-hour rise of 4.2%. FET: Inflow of $1.37 million, current price is $2.14, down 3.8% in the past 24 hours. AAVE: Inflow of $880,000, current price is $88.65, down 4.02% in the past 24 hours.

PANews reported on April 29th that according to Scopescan, a cryptocurrency whale exchanged 400 stETH on the 1inch trading platform and received 598,000 FET tokens, worth about $1.32 million. Currently, the total amount of FET held by the whale is 1.49 million, with a market capitalization of approximately $3.26 million.

Coin Network Report: Coin Network reported that according to Scopescan monitoring, a Whale exchanged 400 stETH for 598,000 FETs ($1.32 million) through 1inch. Currently, the Whale holds 1.49 million FETs worth $3.26 million.

According to Scopescan, a Whale exchanged 400 stETH for 598,000 FETs ($1.32 million) through 1inch, according to Scopescan. Currently, the Whale holds 1.49 million FETs worth $3.26 million.

According to Scopescan, a whale exchanged 400 stETH for 598,000 FETs (about $1.32 million) on 1inch. The Whale currently holds 1.49 million FETs, or about $3.26 million.

The MATIC price plummeted by 10% during the market downturn, with over 10,900 addresses buying 600 million MATIC tokens at this price The value of MATIC, the native token of the Polygon network, has fallen significantly. As the entire cryptocurrency market continues to struggle with negative sentiment, it has fallen more than 10% over the past week and 8% in less than 24 hours. Fortunately, the latest on-chain analysis reveals important levels that investors should be concerned about following the latest drop in the MATIC price. At the same time, the AI sector tokens have seen a general rise, and mainstream AI coins RNDR, AGIX, FET, and WLD have begun to rise. #山寨季开始# According to a recent article published on X by cryptocurrency expert Ali Martinez, the price of MATIC has established key support around the current price point. The assessment is based on on-chain data from analytics firms that tracks the average acquisition price of any given wallet address. The graph is a chart highlighted by Martinez that shows the distribution of the Polygon token supply across different price ranges. The size of the dots in the chart represents the number of tokens purchased in the corresponding price range. Most notably, more than 10,900 wallet addresses purchased up to 608 million MATIC in the $1.02 and $1.05 regions. According to the crypto analyst, this massive buying activity supports the establishment of key support around this price area. While the large size of the dots reflects the strength of that particular level, sustained bearish pressure could cause the price of MATIC to break out and break below this support level. In this case, investors could see the cryptocurrency drop to around $0.91. This makes the $0.89 and $0.92 price ranges another level to watch as it represents the next significant support area, where 35,680 wallet addresses have purchased nearly 400 million Polygon tokens. The current price of MATIC is $1.04, down 8% in the last 24 hours. The price drop came after the altcoin hit a multi-month high of $1.28 on Thursday, March 14. According to the data, the price of Polygon coin has plummeted by 9.7% in the last 7 days. More broadly, though, cryptocurrencies have been quite positive over the past month. With a market cap of over $9.7 billion, the MATIC token is the 18th largest cryptocurrency in the industry. (Source: Opeyemi Sule)

AI token soars, Fetch.AI surges by 14.5%, can FET reach $4? Yesterday, the cryptocurrency market rose by 5.1%, with a total market cap of 2.3 trillion US dollars. The recent increase has driven developments in various fields, with memecoins rising by 9% and artificial intelligence (AI) tokens rising by 11.2% in the past 24 hours. Fetch.AI (FET) is at the forefront of artificial intelligence, with a staggering 14.5% increase in the past day. Some analysts predict that this token will soon experience a bullish breakthrough. According to reports, many market experts believe that AI tokens are the biggest contenders for the second round of narratives in this cycle. Alex Wacy said that due to the increasing interest last year, the AI industry is "on the edge of a trillion-dollar boom." Therefore, analysts believe that this industry may create a trillion-dollar market and reach $20 trillion by 2030. This week, AI tokens have performed strongly. Altcoin Sherpa pointed out that the industry "looks good overall", with tokens like Arweave (AR), Ocean Protocol (OCEAN), and Fetch.ai performing the best. Famous trading company D..Crypto believes that the artificial intelligence industry is "rebounding the strongest" in this new market trend, while memecoins seem to be "the weakest". The trader shared his views on Fetch.AI's recent performance. Daan emphasized that the token is trying to break through the diagonal trend line. According to the chart, FET is testing the diagonal resistance level, and the first resistance level to be reclaimed is $2.35. Breaking through this level could be a "good start for further trend changes". In addition, the token has "already broken above the 4-hour 200MA/EMA". The trader stated that FET needs to test the $2.5 resistance level and stay above the $2.35 price range in order to "break the trend and rise in the coming weeks". Similarly, cryptocurrency trader Scient believes that the token is consolidating within a bullish ascending triangle. His chart highlights the $2.12 level as support for the diagonal trendline. He predicts that the price will deviate from the trendline "towards the 1D 100EMA" before reclaiming the $2.12 price range and returning to the inside of the triangle. If a pullback occurs and the trendline is retested and confirmed, the trader says he will go long. Cryptocurrency analyst World of Charts has discovered a "textbook" bullish ascending triangle pattern on the FET chart. The analyst expects an upward breakout to occur soon, potentially leading to a bullish wave of double the size. If the breakout is successful, the token's price may surpass the $4 range. And, CryptoBoss seems to agree with this prediction as well. The trader shared a similar chart indicating a potential breakout that could double the token price. In the post, he stated, "$FET 4$ exe is loading..." In the past 24 hours, the token has risen by 14.5%, from $2.04 to the price range of $2.3-2.32. This increase is 7.5% and 13.2% within the weekly and monthly time ranges, respectively. Similarly, the market activity of FET has also increased. Its daily trading volume has increased by 102%, with a trading volume of $354.2 million on the last day. (Data Source: Rubmar Garcia)

Gate.io reported: The tokens of Fetch.ai and Qidian. ai have experienced a surge in the promotion of artificial intelligence projects, while KangaMoon's presale has raised over $6 million in funding.