FET, AGIX and OCEAN to be integrated in phases to form ASI:
It is worth noting that the first phase involves the merger of these three tokens, which begins on July 1, 2024. After the merger, FET trading will remain uninterrupted. While the existing AGIX and OCEAN tokens will begin to be delisted from exchanges.
The initial phase will focus on data aggregator websites and exchanges to enable smooth trading during the rebranding process of ASI on all major and minor cryptocurrency platforms.
The second phase will focus on community and ASI development. During this phase, migration contracts will be provided for unconverted tokens across multiple blockchains. In addition, all FET mainnet tokens will automatically ASI during the upcoming upgrade.
The process is expected to last for several years in order to provide investors and users with ample time to convert their holdings.
Fetch.ai (FET) Price Analysis:
FET price continues to trade in a closed range between $1.285 and $1.855 for a short period of time, indicating a weak bullish impact. Moreover, AI Token has dropped 7.89% in the past day and is about to test its critical support level, with the outcome being difficult to predict.
The Moving Average Convergence Divergence (MACD) shows that the green histogram continues to decline, indicating that the selling pressure in the cryptocurrency market is greater than the buying pressure. Moreover, the moving averages show a high probability of bearish convergence, indicating a poor outlook for AI Token this week.
On the other hand, the SMA indicator keeps acting as a resistance to the FET price chart on the 1D timeframe, indicating a strong bearish sentiment in the cryptocurrency space.
Will FET Price Recover?
If the market sustains the price of Fetch.ai above its important support level of $1.285, the bulls will regain momentum and test its resistance level of $1.855 soon. Moreover, if the bulls sustain the price at this level, it will set the stage for the FET Token price to test its upper limit of $2.369.
However, if the bears overpower the bulls, the FET price will fall below its critical support level of $1.285 and drop to this month’s low of $0.816.
#币安合约锦标赛 #ASI代币合并计划 #以太坊ETF批准预期 #meme板块关注热点 #VanEck提交首个SolanaETF
There are also some potential coins hidden
If you take the initiative to find me, I will take you ashore,
Reply in the comment area: "Go with the flow". Take you to my zone for free
Come and witness our strength!
