What Happened In FET Price & What It Can Do Next On Daily Chart?

Aug 23

KuCoin Has Completed the Token Merger of Ocean Protocol (OCEAN) and SingularityNET (AGIX) to Fetch.ai (FET), which have collaborated to establish the Artificial Superintelligence Alliance.

As of writing, per the Coinmarketcap website, the Fetch.ai name has been replaced with Artificial Superintelligence Alliance, and the ticker is FET. In the future, all tokens would be consolidated to create a common token for all assets as the (ASI).

However, till then, the trading and investing would commence through the FET ticker only until an official announcement is received.

So a look at FET price, as of writing, highlights 10% intraday growth with price traded at $1.060. The market cap has surged to $2.668 Billion, making it rank 31st globally. The spot volume inflow showcased demand with its recent 52% rise, which amounted to $221.90 Million.

The FET this week's gains were 28.44%, which led to a breakout of the falling wedge pattern. Depending on future optimism, the price could rally once it pierces 50-day and 200-day EMA bands, as the current swing has built from a key demand zone.