FET Crypto News: Fetch AI Price Soars as Crypto.com Announces Support for Major AI Crypto Merger

FET Crypto News: Fetch AI Price Soars as Crypto.com Announces Support for Major AI Crypto Merger

FET Crypto News – Fetch AI continues to play a pivotal role in the narrative and development of Artificial Intelligence (AI) integration within the cryptocurrency industry. This optimistic outlook is reflected in the impressive price surge of FET over the past year.

According to CoinGecko, FET has surged by 686% over the last 12 months, reaching $1.8. This remarkable growth includes a significant 32% spike in the past seven days, highlighting the strong market position of crypto AI.

Fetch AI distinguishes itself as an open-source protocol that supports the development of a “permissionless, decentralized machine learning network with a crypto economy.”

The protocol’s developers aim to democratize artificial intelligence technology on a permissionless platform, enabling anyone to access secure datasets using “autonomous AI to execute tasks that leverage its global network of data.”

Crypto.com Announces Support For FET, OCEAN, and AGIX Merger

The groundbreaking merger of three popular AI crypto projects—Fetch AI, Ocean Protocol, and SingularityNET—under the name Superintelligence, could revolutionize the sector. This move has garnered support from the exchange Crypto.com.

Under this merger, Ocean Protocol and SingularityNET will cease to exist as separate entities, falling under the Fetch AI umbrella. This will lead to delistings of OCEAN and AGIX tokens from platforms that currently support them.

As per a post on X by Crypto.com, “Trading, deposits, and withdrawals of AGIX and OCEAN will be suspended on 28 June and will no longer be supported.”

Fetch AI Price Prediction: FET Is Primed For a 36% Move

Amid these ecosystem developments, Fetch AI is poised for a significant run this week, potentially rising by 36% from the inverse head and shoulders (H&S) pattern resistance at $1.7.

With the resistance at $1.7 already broken, more traders are likely to go long on Fetch AI, betting on a potential breakout to $2.34.

The Relative Strength Index (RSI) supports this breakout as it moves into the overbought region. Should the RSI remain above 70 and move toward 100, FET might climb to even higher levels.

Other indicators, such as the Exponential Moving Averages (EMAs), also support the uptrend. The 200-day EMA at $1.75 provides a support level in case of a sudden correction.

Furthermore, the 20-day EMA in blue crossing above the 50-day EMA in red reinforces the bullish momentum of Fetch AI’s price. The $1.6 level will also be crucial if losses occur due to profit-taking.