Artificial Superintelligence Alliance also Fetch.ai (FET) crypto chart revealed a pronounced uptrend started at the beginning of 2023. It is supported by adherence to the rising trend line.
By the end of 2024, FET has bounced off the critical support zone around $1.37, reflecting strong buyer engagement at those levels.
This key move suggested the potential for significant upside, aligning with historical patterns.
The narrative around FET crypto pointed to growth. With expectations that if support holds, the FET price could rise towards $10 by March or April 2025.
This highlighted the strategic importance of closely monitoring this trend line for signs of sustained bullish momentum or potential reversals.
This analysis, although speculative, pointed to the importance of a long-term holding strategy. He recognized a significant advantage that aligns with Fetch.ai’s technological advancements within the artificial intelligence space.
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This could catalyze further gains. As well as a warrant to watch the $1.37 support level closely as a barometer for future price action in the FET.
Active addresses by profitability for FET Crypto
FET recorded a significant bounce from the critical support zone identified between $1.28 and $1.45, where a significant percentage of active addresses were profitable.
This zone showed that 14.53% of owners were out of the money, indicating potential pressure, but also the threshold for a reversal.
As the FET climbed out of this region, the key $1.28-$1.45 levels acted as a springboard, suggesting a consolidation phase before any further uptrend.
The vast majority, 81.48% of addresses, at the money, confirmed this level as a key balance point for the dynamics of buyers and sellers.
A potential rally towards $10 by March/April depends on sustaining momentum above these levels.
If FET holds above $1.45, it sets a stronger basis for an expected rise towards $3.50, the level last seen before the sharp correction.
A move above this could see the FET retest previous highs, fueled by increasing trader confidence and speculative optimism within the market.
The alignment of profitability zones with support levels has provided FET with a foundation to potentially seek higher price points again, subject to continued engagement and stability.
AI Coins’ Mindshare
Further analysis showed that AI dominates almost half of the crypto narrative space, standing at an impressive 45.37%, overshadowing other categories such as DeFi, Meme and GameFi.
This trend positioned Fetch.ai exceptionally well as it capitalized on the growing interest in AI technologies within the blockchain sector.
Over the period, categories like Stablecoin maintained a 2.81% presence as AI’s share showed strong growth and stability.
DeFi closely rivaled Meme with 9.51%, showing that traditional blockchain applications remained relevant but fell short of AI’s explosive narrative capture.
The rise in importance of artificial intelligence indicated a broader market shift towards technology-led solutions, suggesting that FET crypto was well-positioned to benefit.
If this trend continues, FET’s positioning could strengthen further, potentially increasing its value as it aligns with interest in cutting-edge technology applications in cryptocurrency.
FET could foresee not only short-term gains, but long-term establishment of a leader in the AI blockchain space, provided it maintains innovation and user engagement.
