#tiếp continued p3. #fetch.ai
Why could Fetch.ai (FET) face a major correction in April 2024?
🌏#2. Meme coin is taking most of the cash flow from retail investors
A second reason why the upward momentum of AI-themed projects is no longer strong is because the capital flows of individual investors and new investors are focusing mainly on meme coins. Recent reports said that the meme coin market capitalization exceeded $60 billion in March, and daily trading volume exceeded $10 billion.
The meme coin wave has continuously named a series of meme tokens that increased by hundreds to thousands of percent and brought with it the attention of new investors (for example: Catcoin (CAT), Dogwifhat (WIF)…) . This makes other narratives such as Real World Asset, AI, Restaking... although highly appreciated, the price increase margin cannot be compared to the meme.
♨️#3. NVDA stock price is a good indicator to track the Crypto market AI wave
The AI ​​wave in the Crypto market is driven by the AI ​​wave of the technology world. The most obvious manifestation is the stock price of AI-related technology companies. Leading this group is NVDA. Therefore, NDVA stock can be a good indicator for predicting AI trends in general.
🥰Fetch.ai (AI), a project to build a decentralized machine learning network, is no exception to those influences. While NVDA stock has just set its first red weekly candlestick after a series of 11 consecutive weeks of green candlesticks, although there is no sign of a reversal, it is likely that the first week of April will be a difficult fluctuation.

#tiếp continue p2. #fetch.ai 🥵🥵🥵
Why could Fetch.ai (FET) face a major correction in April 2024?
😵‍💫Observing the history of FET prices over the past three years, every time the 1W peak divergence signal appeared, it was followed by a very strong decline from 70% to more than 90%.
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If this time the FET price also follows the past pattern, then the 80% decline could cause FET to drop to 0.7 USD - 0.8 USD. Regardless of whether this scenario happens or not, the above signals also agree that the price scenario is highly likely to adjust in April.
Technical observations of the daily frame point to important supports for FET🛣
Looking at the FET price line in the daily frame, it can be seen that since February 2024 until now, FET's uptrend of nearly 580% has completed 5 basic Elliot waves. And after 5 basic waves, there may be a correction wave.
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Technical analysis of day frame FET.
If a correction in April takes place, FET price may react well at the supports of 2.4 USD and 1.7 USD, equivalent to the EMA34 and EMA89 lines in the daily frame. These are also the price levels that showed a good reaction in the recent uptrend. If any investor continues to expect FET to continue to make a breakthrough in 2024, the above support areas are good opportunity areas to buy FET.
#còn continued p3.
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#feth.ai Why could Fetch.ai (FET) face a major correction in April 2024?💥💥💥
Fetch.ai (FET) just set a new peak in the last days of March thanks to positive news related to the project. However, many signals show that the price may face a significant correction in April after increasing 580% since the beginning of the year until now.
😶‍🌫️Here are the latest updates and reviews from BeInCrypto on Fetch.ai (FET) price fluctuations.
🤠#1. Technical signals suggest the possibility that FET prices will adjust sharply👇👇
One of the reasons why FET just increased another beat and set a high of over 3.7 USD last week is thanks to news related to the cooperation between three leading AI projects in the Crypto market including Fetch.ai, Singularity. NET, Ocean Protocol. This news makes many investors more positive and have more expectations for AI projects in the market.

Weekly FET technical analysis with RSI indicator and volume. Weekly FET technical analysis with RSI indicator and volume.
But it can be seen that the news did not promote a new series of increases, but the price only increased locally during the day and was immediately sold strongly again to below 3 USD. From a technical perspective, FET shows the following notable signs and motifs:
FET's weekly trading volume in March decreased gradually, from over 5 billion USD/week to 3 billion USD/week. Although FET prices moved higher, weekly volume was lower. This is a signal that the upward momentum seems to have cooled down.
FET's weekly RSI indicator shows a divergence signal while at a high level of over 80 points.
#còn continue.
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#memecoin⁠⁠⁠⁠ Meme coin capitalization exceeds 60 billion USD, many meme tokens go beyond the limit....continued #2
🏄‍♂️🏄‍♂️🏄‍♂️🏄‍♂️
Amid the meme coin wave, many tokens on ecosystems such as Solana, TON, Base, Avax... were born with a variety of themes such as cats, dogs, frogs, anime... And most of them do not have much value. .
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Before this wave, the founder of Ethereum expressed the opinion that meme coin should be a "charity coin" as a means to donate to community projects like GiveWell Inu or Dogeoin have done. Or it can be a fun, entertaining game and if you're lucky, you can make money like Axie Infinity. Vitalik said that he values ​​users' decisions to entertain, but does not support meme coins created solely to enrich insiders.
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#memecoin⁠⁠⁠⁠
🚦🚦🚦Meme coin capitalization exceeds 60 billion USD, many meme tokens go beyond the limit.😡😡😡😡😡
The meme coin wave is showing signs of becoming excessive beyond minimum ethical standards. Greed has caused many developers to be reckless, which may cause the meme coin to lose its original good identity.🌞🌞🌞🌞

The following are observations from BeInCrypto about the meme coin wave and opinions of experts worth consulting.

Meme coin capitalization exceeded 60 billion USD in March, with no signs of cooling down
According to data from intotheblock, meme coin capitalization exceeded $55 billion in March, doubling compared to the previous month. According to CoinmarketCap data, meme coin capitalization has now exceeded 60 billion USD and reached 67 billion USD. Meanwhile, the daily trading volume of meme coin has exceeded 10 billion USD.

The chart shows that the whole meme coin fever really started in early March. Meme coin capitalization as of April 2023 remained flat at around 20 billion USD until February 2024. But this March recorded an explosion in meme coin capitalization in the context of Bitcoin prices setting new all-time highs.

New investors know the market and are attracted by the price of Bitcoin, but when investing, they choose meme coin with the expectation that profits will be higher than BTC and leading Altcoins. This is partly true, because only meme coins can bring thousands of percent profits, but with that comes greater risks.
#continued.....
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$BTC Predicting 2 Bitcoin price model scenarios in April 2024....continued #2.

#2. Scenario 2: Set a new peak in April but dropped sharply after that
The second scenario proposed is based on the zigzag wave pattern popular in technical analysis. This model describes that the amplitude of the following wave will give a high probability of being equivalent to the previous wave.

If we consider the first increase in March from 50,700 USD to 73,500 USD, and the second adjustment period is from 73,500 USD to 61,500 USD, then the 3rd beat is likely to reach 84,000 USD. All three of these beats together form the basic zigzag wave.

Analyze and predict Bitcoin price scenario in April. Analyze and predict Bitcoin price scenario in April.

Regarding the technical description, if we observe all the fluctuations from the beginning of the year until now, we can see that each increase and decrease of BTC is evenly spaced at about 11,000 USD (as shown). Therefore, if BTC increases one more beat, it could reach the maximum at 84,000 USD.
With this scenario, Bitcoin's upward momentum will continue to be supported by the accumulation of ETF funds as well as new investors' expectations about the Bitcoin Halving event. This event is more of a psychological nature than an impact of scarce supply, as the majority of the BTC supply has already been put into circulation.
If this scenario happens, it is also possible that BTC price will increase before the halving and decrease after the halving as it has done many times in the past.

These scenarios are based on price model motifs to suit the current market context. It is not necessary that BTC only shows fluctuations according to one of the above two scenarios. But it can be a suggestion worth considering for short-term traders.
$BTC
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$BTC Predicting 2 Bitcoin price model scenarios in April 2024..
In the context that BTC is still anchored at a high level of around 70,000 USD in recent days and there is no signal of a short-term reversal, ETF funds are still constantly accumulating BTC, Bitcoin (BTC) price in April from a model perspective. What will the price be?
The following are suggestions and predictions from BeInCrypto based on the price data revealed so far.
#first. Scenario 1: Sideways fluctuations and convergence in an isosceles triangle. 🐌🐌
The first scenario proposed is the scenario of an isosceles triangle pattern in the daily frame. This price model is a neutral model, it represents the process of rebalancing between sellers and buyers after a period of time when buyers dominated and established a new peak.🐉
Predict Bitcoin price scenario in April according to the isosceles triangle model. Predict Bitcoin price scenario in April according to the isosceles triangle model.
Regarding the technical description, April's isosceles triangle scenario has initially identified two diagonal trendlines as the basis. The upper trendline is created by two gradually lower peaks and the lower trendline is created by two gradually higher lows. The price convergence area and also the average price area of ​​the sideway range in April is 67,000 USD.
According to this scenario, April will not generate much new price data until the price reaches the end of the triangle and confirms the trend with breakout behavior. This may happen in the second half of April. Depending on the ETF's purchasing power and macro data at that time, price behavior will be affected.
April is also the month that recorded the Bitcoin halving event. History shows that Bitcoin prices often decrease after halving. Therefore, it is likely that the price will sideways and lean towards a bearish scenario.
# still continuing....
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#ETF
🔥 To reach 60 billion USD in assets under management, it took ETF funds investing in gold 15 years.

Meanwhile, ETF funds investing in Bitcoin only took about 2 months to attract nearly 60 billion USD in assets.

This staggering difference in growth rates shows the rapid and strong appeal of Bitcoin in particular, and cryptocurrencies in general, compared to gold, a traditional asset class.

This reflects changing investment trends and growing interest from professional investors in the cryptocurrency and digital asset space. While there are still many controversies, cryptocurrencies are gradually asserting their position as an emerging asset class and attracting large investment capital.
#còn continued...
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