Fetch.ai (FET) has recently experienced a 9% decline in price, in line with the general market trend in early January. However, with its recent listing on Indonesia’s largest cryptocurrency exchange and the overall bullish sentiment in the crypto market, FET could see a significant bounce towards the critical $1 level.
The daily trading volume for FET has also seen a 47% spike, reaching over $171 million in the last 24 hours, following its listing on INDODAX. This increased interest from retail investors could potentially lead to a short-term price surge.
Despite a 28% decrease in gains over the past month, FET is still in a strong position thanks to the positive outlook for the crypto market and the anticipated growth in the AI sector in 2024.
The support level of $0.60 has held for FET, and if it continues to do so, we could see a push towards $0.80. If this resistance level is broken and becomes a support level, it could open the door for a potential spike to $1 and a new all-time high for FET, which currently stands at $1.17.
In terms of categories and tags, FET has been gaining attention as a promising cryptocurrency with its focus on AI technology. Its recent listing on a major exchange and the potential for a bullish market only adds to its appeal for investors.