Hello everyone, I am A10JQK. ♠️♥️♣️♦️ Let's analyze the latest developments and investment strategies of FET.
♠️ Price trend analysis:
According to the liquidation map, the current price of FET is $1.382. We can see that there is a support level near $1.365, and resistance levels near $1.407 and $1.450.
♥️ Important news:
1. Apple entered the field of artificial intelligence and launched "Apple Intelligence", driving AI-related tokens to rise.
2. FET (formerly Fetch.AI), as the token of the Artificial Intelligence Super Intelligence Alliance, ranked fifth, up 5%.
3. PEPE big holders withdrew 784,000 FETs on Binance, worth $1.09 million, with a cost price of about $1.39.
4. Fetch.ai launched the mobile wallet v1.0.2 version update, introducing many new features.
♣️ Long strategy:
1. Entry point: $1.382-1.390
2. Stop loss: $1.365
3. Target price: $1.407 in the short term, $1.450 in the medium term
4. Reason: Apple's entry into the AI field has driven the entire AI token sector up, and FET, as one of the top five AI tokens, is expected to benefit.
♦️ Short strategy:
1. Entry point: $1.400-1.410
2. Stop loss: $1.425
3. Target price: $1.365
4. Reason: PEPE big players withdrawing a large amount of FET may mean selling pressure, and the current price is close to the resistance level.
🃏 Risk warning:
1. AI concept hype may cause large price fluctuations in the short term.
2. The behavior of big players may affect short-term price trends.
3. The volatility of the overall cryptocurrency market may affect the price performance of FET.
📊 Key observation points:
1. Adoption of new features of Fetch.ai mobile wallet.
2. Continued popularity of AI concept in the cryptocurrency market.
3. Large transactions and capital flows, especially the follow-up operations of PEPE big holders.
♠️♥️♣️♦️ Summary:
FET is currently in a critical position, and the continued popularity of AI concept has brought it new development opportunities. Bulls can consider opening positions at the current price or slight correction, while bears can look for opportunities near resistance. No matter which strategy you choose, you must do a good job of risk management and set a reasonable stop loss.
What do you think of the future development of FET? Welcome to share your views and investment strategies in the comment area.
