The Fetch.ai Token Faces Demise Ahead of ASI Formation
The Fetch.ai (FET) price is undergoing a final blow as it ventures towards its end before the Artificial Superintelligence Alliance (ASI) formation, where FET, AGIX (SingulairtyNET), and OCEAN (Ocean Protocol) will merge and dissolve.
Fetch.ai Investors Display Lack of Bullish Sentiment
- Anticipating a price rally in Fetch.ai is futile as the token faces extinction within a month due to its merger into ASI with OCEAN and AGIX.
- Despite this imminent collaboration, market influences could still cause price fluctuations, although investors are unlikely to drive significant changes.
- After a recent decline impacting FET’s price from $2.2 to $1.2, investor sentiment remains bearish, with little positive outlook in current market conditions.
FET Price Prediction Indicates Sideways Movement
- Given the prevailing circumstances, Fetch.ai is projected to consolidate around $1.2, with potential price limits at $1.7 and $1.0 in the near future.
- Historically, these levels have served as both support and resistance, constraining the token’s price until the ASI formation in July.
- If market volatility favors FET, a price increase could occur, potentially triggering a breakout from the consolidation range and disproving the bearish-neutral scenario.
By
By
By