Fetch AI (FET) price, a leading artificial intelligence token, has surged recently, signaling a potential upward trend in the AI crypto market. Other AI-based tokens like Render, The Graph (GRT), Bittensor (TAO), and SingularityNET (AGIX) have also seen significant gains, reflecting broader bullish sentiment. This surge is closely tied to Nvidia’s upcoming Q2 earnings report, amplifying investor interest in AI-driven cryptocurrencies.
Fetch AI Price Surge Sparks Whale Activity
On-chain analytics platform Lookonchain reported heightened whale activity involving Fetch AI (FET). One whale repurchased 1.79 million FET tokens at $1.33 each** from Binance, spending **$2.38 million in USDT—a move suggesting regret over prior sales at lower prices.
"The price of $FET has surged 70% in the past 7 days! A whale spent 2.385M $USDT to buy back 1.79M $FET at $1.33, signaling strong demand."
— Lookonchain (@lookonchain)
FET Price Analysis: Bullish Momentum Ahead?
- 24-Hour Performance: FET rose 12% to $1.30**, with volatility between **$1.17–$1.40.
Key Indicators:
- MACD shows bullish momentum (MACD line above Signal line).
- Trading Volume: Up 51.46% to $290.09 million.
- Open Interest: Increased 8.95%, indicating growing market activity.
Price Targets:
- Upside: Breakthrough to $2**, potentially testing its ATH of **$3.47 (March 2024).
- Downside: Support at $1.30**; failure could drop to **$1.
👉 Discover how AI tokens are reshaping crypto markets
FAQs
1. When is Nvidia’s Q2 earnings report?
August 28. Positive results could boost AI cryptos like FET.
2. How does Nvidia’s performance affect Fetch AI?
Strong earnings may increase investor confidence in AI technologies, driving demand for FET.
3. Can Fetch AI reach its all-time high again?
If bullish trends persist, FET could challenge its ATH of $3.47.
Key Takeaways
- FET’s price surge aligns with whale accumulation and Nvidia’s earnings anticipation.
- Technical indicators (MACD, volume) support continued upward potential.
- Critical levels: $2** (next target) and **$1.30 (support).
👉 Explore the future of AI-powered cryptocurrencies
Investment Disclaimer: Conduct independent research before investing. Market conditions are volatile.
### SEO Keywords:
- Fetch AI (FET)
- AI cryptocurrency
- Nvidia earnings
- Whale activity
- MACD indicator
- Crypto price prediction