Value

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fetch-ai-price-declines-before-asi-merger/" data-wpel-link="internal">Fetch.ai Price Declines Before ASI Merger</a><br></p>
<p class="p1" style="text-align: justify">Fetch.ai price, one of the popular <a href="https://en.coin-turk.com/stargate-finance-stg-price-analysis-and-predictions/" data-wpel-link="internal">altcoin</a> projects in the <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">AI field</a>, recorded a notable decline instead of rising before the ASI merger, along with the general market downturn. However, with less than 72 hours left until the merger, this process could be a good and potentially last chance to strengthen the FET price.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-with-fetch-ai">What’s Happening with Fetch.ai?</h2> 
<p class="p1" style="text-align: justify">Fetch.ai’s $1.04 price presents a potential buying opportunity in the form of a low Market Value to Realized Value (MVRV) ratio. The MVRV ratio measures investor profit/loss, and Fetch.ai’s 30-day MVRV data at -15% indicates losses and potentially encourages purchases. Historically, FET’s MVRV data, ranging between -10% and -32%, usually precedes events and is considered an accumulation opportunity zone.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370404 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/fet.webp" alt="" width="1536" height="520"></p> 
<p class="p1" style="text-align: justify">Secondly, Fetch.ai’s MACD data is approaching a reversal above the zero line, indicating a potential shift towards bullish momentum. This change suggests that the asset’s price trend may soon enter a positive phase.</p> 
<p class="p1" style="text-align: justify">Additionally, Fetch.ai is observing an uptrend with the formation of a double bottom in the indicator. This pattern typically signals a strong bullish trend and further supports the potential for price recovery and growth.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370403 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/fet-macd.webp" alt="" width="1804" height="808"></p> 
<h2 class="p1" style="text-align: justify" id="fet-chart-analysis">FET Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Fetch.ai’s price is likely to show little or no growth as the market stabilizes. Additionally, with the ASI merger planned for July 15, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> will likely see some positive changes before acting on the crypto asset. This could cause FET to remain stuck between $1.04 and $1.71, a consolidation zone for the altcoin, and the lack of optimism may prevent a breakout above the upper limit.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370402 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/fet-grafik.webp" alt="" width="1804" height="808"></p> 
<p class="p1" style="text-align: justify">However, if the merger injects hype into the artificial intelligence (AI) market, price increases can be expected along with many altcoin projects. This process could help Fetch.ai’s price break the $1.71 resistance, invalidating the thesis that the downtrend is neutral.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/fetch-ai-price-declines-before-asi-merger/" data-wpel-link="internal">Fetch.ai Price Declines Before ASI Merger</a></h5>

Fetch.ai Price Declines Before ASI Merger

Table of Contents

COINTURK NEWS

Other articles published on Jul 13, 2024

Abra Acquires Valkyrie Cryptocurrency Trusts Amid Regulatory Settlement

Why Did The Cardano Price Surge 17% Amid The Crypto Market Crash?

MoonBag Scalability Stands Out After $3.4 Million Funding Round, as EOS and Aptos Face Uphill Bat...

Nigerian Court Sets Binance Tax Evasion Case for October

Spot Bitcoin ETFs see highest flow day in over 5 weeks

Elon Musk Lauds AI Spotlighting OpenAI’s Reasoning Tech Strawberry

Join our free newsletter for daily crypto updates!