$FET

FET H4 update

HTF trend: bullish

💡 Key Findings and Insights:

- FETUSDT is currently trading at $1.10725 with a 24-hour price change of +1.15% and a 7-day price change of +9.77%.

- The market cap of Fetch.AI (FET) is $1,122,142,216, with a total token supply of 1,152,997,575 and a circulation supply of 812,913,233 tokens.

- The current volume for FETUSDT is $10,558,606.92, indicating active trading activity.

🔆 Insights:

- Fetch.AI is an AI lab building a decentralized machine learning network with a crypto economy.

- The project aims to democratize access to AI technology by providing a permissionless network for anyone to connect and access secure datasets.

- Use cases for Fetch.AI include optimizing DeFi trading services, transportation networks, smart energy grids, and more.

📢 Latest News:

- There are conflicting reports regarding Fetch.AI's financial situation and restructuring process.

- Fetch.AI has stated that it continues to operate normally despite the restructuring process, while other reports suggest financial difficulties and the appointment of administrators.

- The company has been sold to a consortium called Assmbl.ai, but the ownership details are unclear.

💵💶 Funding Analysis:

- Major Whale Traders have a bullish position direction with a long/short ratio of 4.63.

📉📈 Technical Indicator Patterns:

- Over the period from the start to the end time of today's data, the MACD indicator showed a Golden Cross pattern, suggesting a potential bullish signal.

✨📝✨ Key Levels:

Neutral: 0.96

Discount zone: 0.82 - 0.90

Stop Loss: 0.68

📄 Not a financial advice, but you have a better risk:reward ratio by managing your risk properly. Please note that this information is based on the available data and analysis. It is important to conduct further research and consider your own risk tolerance before making any investment decisions.

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