Can Fetch.ai Crypto Turn Bullish Amid Three AI Tokens Merger?
Can Fetch.ai Crypto Turn Bullish Amid Three AI Tokens Merger?
The merger of Fetch.ai crypto with OCEAN and AGIX is set to happen from 1st July 2024.
The social sentiments of Fetch.ai crypto has experienced a notable surge in the recent sessions..
The daily chart reveals the formation of an interesting pattern, the breakout of which may mark the end of a correction phase.
Fetch.ai crypto seemed to be erasing over 12% gains in intraday after a sharp recovery of nearly 50% in the last one week. FET crypto took rebound from a $1.15 level and jumped higher reclaiming the bullish territory above the 200 day EMA.
Moreover, the recent surge in the price might be around the merger of FET with Ocean Protocol(OCEAN) and SingularityNET (AGIX) which is set to happen from 1st July. Furthermore, a major crypto exchange coinbase has opted to stay out of the automated merger process.
At the time of writing, Fetch.ai crypto was hovering close to $11.63, recording a 11.56% decline in intraday. It ranks 62nd in the broader market with a live market capitalization of $1.32 Billion.
Coinbase Opted To Stay Out Of The Automated Merger Process!
While most of the exchanges have agreed to participate in the automated merger process of FET, OCEAN and AGIX tokens. On the other side, Coinbase has opted to stay out instead of participating in the merger process. As of now, users having OCEAN and AGIX tokens need to withdraw their tokens to Coinbase wallets to swap the assets.
Moreover, on the positive side, Fetch.ai has planned to keep the token conversion window open for a long duration ensuring that token holders have ample time to manage their assets.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Just in: <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> will NOT support the migration from <a href="https://twitter.com/search?q=%24OCEAN&src=ctag&ref_src=twsrc%5Etfw">
OCEAN
</a> to <a href="https://twitter.com/search?q=%24FET&src=ctag&ref_src=twsrc%5Etfw">
FET
</a> / <a href="https://twitter.com/search?q=%24ASI&src=ctag&ref_src=twsrc%5Etfw">
ASI
</a> - thanks for nothing, I guess.<br><br>(enjoy the transaction fees, twats) <a href="https://t.co/UVEyD3pPHj">pic.twitter.com/UVEyD3pPHj</a></p>— Mad Orkestra (@MadOrkestra) <a href="https://twitter.com/MadOrkestra/status/1806137555340980687?ref_src=twsrc%5Etfw">June 27, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
For those who have staked FET or are providing liquidity, there's no immediate action required. Their assets will be seamlessly transitioned to ASI during the second phase of the merger process.
The recent announcement has left an uncertainty among the users as some of the users may prefer to square off their holdings instead of swapping it with other tokens. It may leave a negative impact on the FET token's price. However, the other major exchanges like Binance have opted for an automated merger which may help the crypto retain their users.
Ftech.ai Illustrates The Formation Of An Interesting Channel Pattern!
The Fetch.ai price has climbed nearly 50% in the last one week however, a sharp selloff was noted which has erased nearly 12% of the gains in Intraday. From a price point of view, the daily chart reveals the formation of a declining channel pattern.
Recently, the price took a rebound from the lower boundary of the channel and may continue to gather strength till the higher boundary of the channel. It suggests a potential rise of nearly 20% towards the $1.95 level.
At the time of writing, The RSI line was placed close to the mean line at 46.02 points and that of the 14 day SMA line was at 37.92 points. Both the lines were headed upwards and a bullish crossover was observed indicating a trend continuation.
Where Could The FET Price Lead Now?
Fetch.ai crypto (FET) experienced a significant intraday loss, erasing over 12% of its gains after a recovery of nearly 50% a week. The price rebounded from $1.15, surpassing the 200-day EMA, indicating bullish momentum. Moreover, The price surge seems to be attributed to the upcoming merger with Ocean Protocol (OCEAN) and SingularityNET (AGIX), set for July 1.
Furthermore, a major crypto exchange Coinbase has decided to opt out of this merger causing uncertainty, potentially affecting FET's price negatively. In contrast, Binance supports an automated merger. Technically, FET shows a potential 20% increase towards $1.95, with RSI and SMA trends suggesting a bullish continuation.
The merger of Fetch.ai crypto with OCEAN and AGIX is set to happen from 1st July 2024.
The social sentiments of Fetch.ai crypto has experienced a notable surge in the recent sessions..
The daily chart reveals the formation of an interesting pattern, the breakout of which may mark the end of a correction phase.
Fetch.ai crypto seemed to be erasing over 12% gains in intraday after a sharp recovery of nearly 50% in the last one week. FET crypto took rebound from a $1.15 level and jumped higher reclaiming the bullish territory above the 200 day EMA.
Moreover, the recent surge in the price might be around the merger of FET with Ocean Protocol(OCEAN) and SingularityNET (AGIX) which is set to happen from 1st July. Furthermore, a major crypto exchange coinbase has opted to stay out of the automated merger process.
At the time of writing, Fetch.ai crypto was hovering close to $11.63, recording a 11.56% decline in intraday. It ranks 62nd in the broader market with a live market capitalization of $1.32 Billion.
Coinbase Opted To Stay Out Of The Automated Merger Process!
While most of the exchanges have agreed to participate in the automated merger process of FET, OCEAN and AGIX tokens. On the other side, Coinbase has opted to stay out instead of participating in the merger process. As of now, users having OCEAN and AGIX tokens need to withdraw their tokens to Coinbase wallets to swap the assets.
Moreover, on the positive side, Fetch.ai has planned to keep the token conversion window open for a long duration ensuring that token holders have ample time to manage their assets.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Just in: <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> will NOT support the migration from <a href="https://twitter.com/search?q=%24OCEAN&src=ctag&ref_src=twsrc%5Etfw">
OCEAN
</a> to <a href="https://twitter.com/search?q=%24FET&src=ctag&ref_src=twsrc%5Etfw">
FET
</a> / <a href="https://twitter.com/search?q=%24ASI&src=ctag&ref_src=twsrc%5Etfw">
ASI
</a> - thanks for nothing, I guess.<br><br>(enjoy the transaction fees, twats) <a href="https://t.co/UVEyD3pPHj">pic.twitter.com/UVEyD3pPHj</a></p>— Mad Orkestra (@MadOrkestra) <a href="https://twitter.com/MadOrkestra/status/1806137555340980687?ref_src=twsrc%5Etfw">June 27, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> For those who have staked FET or are providing liquidity, there's no immediate action required. Their assets will be seamlessly transitioned to ASI during the second phase of the merger process.
The recent announcement has left an uncertainty among the users as some of the users may prefer to square off their holdings instead of swapping it with other tokens. It may leave a negative impact on the FET token's price. However, the other major exchanges like Binance have opted for an automated merger which may help the crypto retain their users.
Ftech.ai Illustrates The Formation Of An Interesting Channel Pattern!
The Fetch.ai price has climbed nearly 50% in the last one week however, a sharp selloff was noted which has erased nearly 12% of the gains in Intraday. From a price point of view, the daily chart reveals the formation of a declining channel pattern.
Recently, the price took a rebound from the lower boundary of the channel and may continue to gather strength till the higher boundary of the channel. It suggests a potential rise of nearly 20% towards the $1.95 level.
At the time of writing, The RSI line was placed close to the mean line at 46.02 points and that of the 14 day SMA line was at 37.92 points. Both the lines were headed upwards and a bullish crossover was observed indicating a trend continuation.
Where Could The FET Price Lead Now?
Fetch.ai crypto (FET) experienced a significant intraday loss, erasing over 12% of its gains after a recovery of nearly 50% a week. The price rebounded from $1.15, surpassing the 200-day EMA, indicating bullish momentum. Moreover, The price surge seems to be attributed to the upcoming merger with Ocean Protocol (OCEAN) and SingularityNET (AGIX), set for July 1.
Furthermore, a major crypto exchange Coinbase has decided to opt out of this merger causing uncertainty, potentially affecting FET's price negatively. In contrast, Binance supports an automated merger. Technically, FET shows a potential 20% increase towards $1.95, with RSI and SMA trends suggesting a bullish continuation.