Fetch AI Gains Momentum: AI Tokens Shine After Fed’s Interest Rate Cut
The price of the well-known AI-based altcoin Fetch AI (FET) is rising noticeably. The price of FET is gaining momentum and is currently above a critical support level. The cryptocurrency market is exhibiting a positive trend, with tokens associated with artificial intelligence (AI) showing particularly strong rising trends.
The price of Fetch AI has increased for three days in a row, reaching its highest level since March 28. This upward trend is a component of the cryptocurrency market’s larger boom that followed the Federal Reserve’s decision to lower interest rates. Because of several developments in AI technology, the token for the Artificial Superintelligence Alliance also increased in value. Notably, Alibaba released over 100 open-source AI models and offered a variety of AI tools in China.
FET Price Soars 4.19%, Reaching $1.61 Amid Positive Technical Indicators
The price of Fetch AI has seen a positive spike, suggesting a bullish trend during the last day. The price of the FET increased sharply by 4.19%, hovering around $1.61. The token’s performance reached its day’s top at $1.62, demonstrating investors’ strong faith in the market. On March 28, 2024, the price of FET reached its highest point ever, which was $3.47.
Fetch AI’s (FET) daily technical indicators indicate a notable increase in the company’s market value. Alongside the price surge, the Relative Strength Index (RSI) has also increased, hitting 67 and getting closer to the 70 overbought levels. According to the Santiment analytics platform, there has been a noticeable bullish trend in the price of Fetch AI throughout the last few trading sessions.
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