Fetch.ai Price Prediction: FET Dives 24% In A Week As Investors Flock To This Dog-Themed Rival And Its 208% APY

The
Fetch.ai
price
plummeted
4%
in
the
last
24
hours
and
24%
in
a
week


to
trade
at
$1.60

as
of
00:46
a.m.
EST
on
trading
volume
that
surged
59%
to
$190
million.

This
comes
as
the
Fetch.ai,
Ocean
Protocol,
and
SingularityNET
merger
takes
effect
on
June
13,
and
the
$FET
token
is
renamed
to
$ASI
on
June
11.
This
marks
the
creation
of
a
single
network,
enabling
$ASI’s
utilization
across
all
three
platforms.

ASI
Logo
Revealed

This
emblem
symbolizes
the
token
merger
of

@SingularityNET

@Fetch_ai
and

@OceanProtocol,
representing
the
unity
of
our
strengths
and
the
dawn
of
a
new
era
in
AI.

By
combining
our
resources,
we’re
creating
a
force
to
challenge
big
tech’s
control
over
AI…

pic.twitter.com/locvoE02AL

—
Artificial
Superintelligence
Alliance
(@ASI_Alliance)

June
9,
2024

ERC-20
token
swaps
from
$FET
to
$ASI
will
commence
on
June
11,
followed
by
$AGIX
and
$OCEAN
on
June
13,
facilitated
through
a
secure
migration
contract.

Despite
the
merger
anticipation,
the
Fetch.ai
price
has
been
on
a
downtrend
since
the
end
of
May,
dropping
within
the
falling
wedge
pattern.
The
general
bearish
pattern
intensified,
with
FET
dropping
below
the
lower
boundary
of
the
falling
wedge
pattern,
according
to
data
from


GeckoTerminal.

However,
the
bulls
are
aiming
to
use
the
$1.56
support
level
to
stage
a
trend
reversal,
aiming
to
use
the
merger
as
a
factor
that
could
drive
investors
to
buy.

Fetch.ai
Price
Set
For
a
Trend
Reversal
Towards
The
Falling
Wedge

The
Fetch.ai
price
is
on
a
strong
bearish
trend,
trading
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs).

Moreover,
the
Relative
Strength
Index
(RSI)
on
the
4-hour
chart
indicates
intense
selling
pressure,
with
the
sellers
having
an
upper
hand,
as
the
RSI
drops
below
the
30-oversold
levels,
currently
at
29.

The
Fetch.ai
price
analysis
shows
that
FET
is
on
a
sustained
bearish
trend.
If
the
bears
continue
with
this
trend,
FET
may
retrace
further
to
the
support
zone
around
$1.52,
acting
as
a
cushion
against
downward
pressure.

However,
the
bulls
may
take
the
current
downtrend
as
the
perfect
position
to
buy,
with
the
RSI
opening
up
a
space
for
a
buyback.
In
such
a
scenario,
the
bulls
could
push
the
token
towards
the
lower
boundary
of
the
falling
wedge,
currently
targeting
$1.9,
which
coincides
with
the
50-day
SMA.

Meanwhile,
other
traders
are
buying
$WAI,
the
new
dog-themed
meme
coin
that
combines
two
of
the
hottest
niches
in
crypto:
AI
and
meme
coins.

WienerAI
Presale
Blasts
Past
$5.3
Million
–
Best
Meme
Coin
To
Buy
Now?

WienerAI
(WAI)

is
surpassing
expectations,
having
already
amassed
over
$5.3
million
in
its
presale.
WeinerAI
is
part
dog,
part
sausage,
and
part
AI
trading
bot.

This
is
getting
WILD

SO
happy
to
be
on
this
journey
with
you
all

SO
MUCH
MORE
AHEAD
????????

pic.twitter.com/kWq22xWfSw

—
WienerAI
(@WienerDogAI)

June
3,
2024

The
project
has
recently
added
a
trading
bot
that
is
set
to
be
an
investment
partner
that
is
designed
to
give
holders
a
utility
they
have
long
searched
for
in
crypto
markets.
The
project
uses
predictive
technology
and
a
user-friendly
interface,
which
provides
users
with
advice
on
when
to
buy
and
sell
crypto.

UPGRADE
your
trading
strategy.

The
WienerAI
Trading
Bot
will
be
your
trusted
trading
companion,
leveraging
AI
to
make
savvy
and
predictive
moves
in
a
dynamic
market.

pic.twitter.com/uYCRAWRd2N

—
WienerAI
(@WienerDogAI)

June
1,
2024

WienerAI
has
similarities
with
Scotty
the
AI
(SCOTTY),
another
recent
presale
that
amassed
over
$10
million
in
funds
raised.

WAI
token
holders
can
also
earn
passively
through


the
platform’s
staking
option,
which
offers
an
annual
percentage
yield
(APY)
of
208%.

99Bitcoins,
a
prominent
crypto
channel
on
YouTube
with
over
700,000
subscribers,
says
that
$WAI
could
potentially
soar
100X
after
its
launch.

You
can
be
part
of
the
presale
by
buying
WAI
tokens
for
$0.000717
each.
But
hurry,
as
the
price
will
increase
in
less
than
33
hours.

You
can
buy
WAI
tokens
on
the
official
website
here

using
ETH,
BNB,
USDT,
or
a
bank
card.

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