AI Alliance Formed After Ocean Protocol OCEAN and SingularityNET AGIX Merger

$FET forecast for the previously known Fetch.AI cryptocurrency has been renamed to Artificial Superintelligence Alliance.

This chart shows that Fat entered a new trading range in 2024.
A 3-wave structure of movement is visible from 2019 to 2022. At the moment, a similar structure has formed since 2023 (2 waves of growth have already passed)

Since March 2020, #FET has been moving within an ascending channel. We have applied a Schiff pitchfork to it to highlight the main pocket of movement within the channel. The turquoise blocks highlight the main support and resistance blocks where the growth/fall trend changed dramatically.

At the top there is a wide block between two levels (Fibonacci grid)

  1. 2.62$ - level 1.272 (high March 25, 2024)

  2. 7.65$ level 1.618 (estimated future all-time high)

The zone between the levels is the supposed zone of distribution by large capital

This distribution block is located at the borders of the ascending channel.

We are already seeing a flow of large volumes as it was before the growth in 2023.

The tokenomics issue is closed - most of the tokens are already in circulation and no major unlocks are expected.

The lion's share of the coins belongs to the founders, project developers and miners.

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