#AIAndGameFiBoom Based on the latest technical analysis, Fetch.ai (FET) is showing a strong bullish trend. The FET price is currently moving in the range of $2.23 to $3 with a potential rally of 50-60% in the near future. The Moving Average Convergence Divergence (MACD) indicator shows increasing buying pressure, with a consistent green histogram. This indicates that the market momentum is still positive.

Some analysts project the FET price to reach $4.14 by the end of 2024, with possible resistance at the $3.54 level if bearish sentiment emerges. This trend is supported by increasing interest in AI projects and support from major industry events such as the NVIDIA AI conference.

However, there is a risk of a short-term correction. The A-B-C corrective wave is expected to bring FET to the support level of around $0.81 before a potential breakout upwards occurs. In the long term, FET is projected to reach an average price of $4.81 to $5.11 by the end of 2024.

With volatile market conditions, it is important to monitor technical developments and related news before making investment decisions.