AI crypto increases 10% today - Alliance of Super Artificial Intelligence (FET)
- Fetch.AI (FET) is trading at 0.2551 USD on the daily chart, up 5.20% from the previous session after recovering from a low of 0.2409 USD. The Fibonacci retracement area is calculated from the cycle low of 0.1398 USD to the peak of 0.2569 USD. The price is currently heading towards the 1.0 extension area, with an increase of 70.59% since the previous low of 0.1398 USD has been completed.
- An important point is that OBV has maintained its upward momentum even when the price was adjusted from March 17 to March 23. This pattern – OBV increases when the price weakens – indicates that buying pressure has absorbed all selling pressure without faltering.
- In an uptrend, FET needs to close the day above 0.2569 USD, corresponding to the Fibonacci extension area of 1.0 and also the nearest peak before. If surpassed, the next targets will be the 1.236 area at 0.2845 USD and the 1.5 area at 0.3155 USD.
