Fetch AI (FET) and Rising AI Hopes
Fetch AI (FET) has been performing well lately, driven by the optimism surrounding artificial intelligence (AI) and Sam Altman’s departure from OpenAI. The native FET token has experienced significant growth and some experts believe that this is just the beginning.
Analyst Tony The Bull Stands By His Prediction
Tony The Bull, Founder of CoinChartist, has been a staunch advocate for FET, especially when the price dropped to $0.09 in 2022. Despite the significant increase in value, he remains confident and anticipates further price hikes.
Tony’s recent analysis outlines the rationale behind his continued bullish stance on FET. He initially expected a price pullback but now foresees another increase in value, possibly reaching more than $4.
Fetch AI’s Future Looks Promising
Joining the optimistic outlook on FET, another crypto analyst, TradingShot, has also predicted further rallies for the coin. With a target set above $2, the analyst pointed out a bullish pattern on the long-term price chart, indicating the potential for significant gains.
According to TradingShot, historical trends show that once this pattern emerges, upward movement in price typically follows, potentially shooting up to $1.8000. Currently, FET is experiencing a downtrend, but the overall bullish sentiment remains strong.
Hot Take: FET Continues On Its Bullish Trajectory
Despite Fetch AI’s recent dips, analysts remain convinced that the cryptocurrency is poised for further growth. From current forecasts pointing to multiple bounces of over 500%, it seems likely that FET will continue to attract investor interest and maintain its upward momentum in the near future.
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