Artificial Superintelligence Alliance (FET) was recently formed from a merger of three popular AI crypto projects: fetch.ai (FET), ocean protocol (OCEAN), and singularitynet (AGIX).
Below we take a look at a technical analysis we previously shared in our Discord area, where our analysts are the first to share their insights on the crypto market, prices, latest developments and other market trends.
Technical analysis Artificial Superintelligence Alliance (FET) price
FET has been in a downward trend since April, but was finally able to rise strongly again last week. According to the analysts of Crypto Insiders, the coin has the potential for a further increase. For that to happen, FET has to break an important barrier, they recently explained in Discord:
“FET is currently recovering nicely from the higher timeframe support zone around $0.81. This recovery is a positive sign, but it is crucial that FET can recapture the golden pocket around $1.25 to change the market structure from bearish to bullish.
If this important resistance zone is successfully recaptured, there is a good chance that the price will continue to reverse towards $1.80. Recapture of the golden pocket is therefore an important step for further upward movements. We will continue to monitor FET closely in Discord.”
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