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Fetch. AI (FET) price has received quite strong coverage from some of the top industry analysts. Based on the historical high correlations and current market technicals, Moonboy expects the price to rise to $25 in Q1 2025.
The AI token has already shown promising movement within bullish flag patterns, fueling expectations of a 14x increase based on past price action.
Fetch AI Price Action: Analysts Bullish on FET’s Future
According to Moonboy’s Fetch.AI (FET/USDT) prediction, the token is ready for a massive surge. This is the second bullish flag formation ahead of the asset after it once rallied 20X. This breakout according to Moonboy will lead to a 14x price spike, taking Fetch.AI’s value up to $3.20.
$FET will hits $25 in Q1-2025 #x100 soon #Moonboy 🚀🚀🚀🚀🚀 pic.twitter.com/wDdHdPJwJN
— Moonboy ⚡️ (@unin919) October 21, 2024
Fetch.AI’s current price is $1.399 after it was on a 4.44% decline in the past 24 hours.
Despite short-term fluctuations, analysts believe the price will continue to rise, building on historical trends.
Meanwhile, the market sentiment reflects a cautious but optimistic outlook. MACD and RSI are showing signs of consolidation as they are near the neutral regions of the line.
Bullish Sentiment Builds: GRV Confident in AI’s Growing Impact
Another analyst, GRV, is equally bullish about Fetch.AI. According to GRV Fetch.AI will lead the AI narrative in the upcoming cryptocurrency cycle. “$FET looks in good shape. It has underperformed in comparison to others like $TAO, rooting for it to catch up.”
$FET looks in good shape. IMO, it shall lead the crypto AI narrative this cycle. Recently, it has underperformed in comparison to others like $TAO. Rooting for it to catch up. @Fetch_ai @ASI_Alliance #fetch #FET #AI #DecentralizedAI https://t.co/GPbtPOiFLv pic.twitter.com/q1byfYm8LI
— GRV (@grvhere22) October 21, 2024
GRV’s bullish stance complements the overall market trends sparked by the growing adoption of AI in the blockchain industry. The project’s positioning as one of the pioneers in AI-driven decentralized technology supports long-term growth.
However, as the market shifts to adopting AI, FET price is expected to grow and rise in value rapidly in the short term.
Analysts agree that the key levels to watch in the short term are $1.370 as support and $1.478 as resistance. An upward movement beyond this region may lead to a surge while failure to keep support may lead to temporary losses. But the overall long-term market still remains bullish with targets even higher by 2025.
Fetch.AI’s Technological Advancements Fuel Optimism
Fetch.AI is advancing AI tech, enabling developers to create 100,000 applications through its AI agents, marking innovation progress. This development has generated excitement within the cryptocurrency community, as it showcases the practical use of AI in decentralized platforms.
AI-based decentralized agents effectively handle complex problems like supply chain management and autonomous digital economies with sophisticated capabilities.
As these applications gain mainstream adoption, Fetch.AI could see explosive growth. Experts think that this innovation will help Fetch.AI achieve its $25 target by early 2025.