The post Assessing the Odds of FET Crypto Reclaiming $3.50? appeared on BitcoinEthereumNews.com.

Artificial Superintelligence Alliance also Fetch.ai (FET) crypto chart revealed a pronounced uptrend initiated in early 2023. It was bolstered by its adherence to an increasing trendline. By late 2024, FET bounced off a critical support zone around $1.37, reflecting strong buyer engagement at these levels. This pivotal movement suggested potential for a significant rally, aligning with historical patterns. The narrative around FET crypto pointed towards bullishness. With expectations that if the support holds, FET price could surge towards $10 by March or April of 2025. FET/USDT 3-day chart | Source: Trading View This emphasized a strategic importance of monitoring this trendline closely for signs of sustained bullish momentum or potential reversals. This analysis, while speculative, indicated the importance of the long-term holding strategy. It recognized the substantial upside that aligns with Fetch.ai’s technological advancements within the AI space. – Advertisement – This could catalyze further gains. As well as, warranting close observation of the $1.37 support level as a barometer for future price action in FET. Active Addresses by Profitability for FET Crypto FET saw a significant bounce from the critical support zone identified between $1.28 and $1.45, where a substantial percentage of active addresses were profitable. This zone showed that 14.53% of holders were out of the money, indicating potential pressure but also a threshold for reversal. As FET ascended from this region, the key levels of $1.28 to $1.45 acted as a springboard, suggesting a consolidation phase before any further uptrend. The vast majority, 81.48% of addresses, being at the money, reinforced this level as a crucial balance point for buyer and seller dynamics. In/Out of the Money FET Crypto | Source: IntoTheBlock The potential climb towards $10 by March/April hinges on maintaining momentum above these levels. Should FET sustain above $1.45, it sets a stronger base for…

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Filed under: News - @ December 30, 2024 1:26 pm