![How to Nail First-Party Data Strategy According to a Google Director of Product Management [+ New Data]](https://www.hubspot.com/hubfs/first-party-data-strategy.webp)
FET Whale Transactions Up 262% – What’s Driving the Increase Amid Lower Trading Activity?
The post FET Whale Transactions Up 262% – What’s Driving the Increase Amid Lower Trading Activity? appeared on BitcoinEthereumNews.com. Artificial Superintelligence Alliance (FET) has gained slightly in the past day, with the surge in its whale transactions catching the eye. Analysts are divided on whether to buy the tokens, with some saying it needs to break $1.4 first while others say getting in now could pay dividends. The leader in crypto AI, the Artificial Superintelligence Alliance (FET), has caught analysts’ eyes in the past week after a massive uptick in whale transactions as institutional investors aped in. FET trades at $1.33, gaining 1.8% in the past day for a $3.35 billion market cap. The token shrugged off a retracement on Tuesday that dragged it to a weekly low of $1.242 to surge 7% and reclaim its weekly close above $1.3. FET has been testing a longer-term resistance around $1.42 since July; after it was rejected at this level, it dipped all the way to $0.78 before mounting a comeback. Another retest in late August was rejected, but the bounceback was much faster this time, leading to another retest in the past week. If the token breaks this resistance, one analyst believes it will rise to $1.44, and if it’s not rejected, the next target will be $2.1. $FET looking good for $1.44 and above, target is $2.1 pic.twitter.com/FeUyvHkMx7 — Block_Diversity v.8 ™️ (@i_bot404) September 18, 2024 Another analyst pointed out that the token has printed an inverse head and shoulders pattern, which indicates an impending bullish run. Additionally, it has broken out of a descending resistance trendline that has been in play since early April as shown below. Altcoin Sherpa, another renowned crypto analyst, says that traders should wait for FET to break above $1.48 before accumulating as its 200-day exponential moving average is still proving to be tough resistance. $FET I think looks good but I am not…
The post FET Whale Transactions Up 262% – What’s Driving the Increase Amid Lower Trading Activity? appeared on BitcoinEthereumNews.com.
Artificial Superintelligence Alliance (FET) has gained slightly in the past day, with the surge in its whale transactions catching the eye. Analysts are divided on whether to buy the tokens, with some saying it needs to break $1.4 first while others say getting in now could pay dividends. The leader in crypto AI, the Artificial Superintelligence Alliance (FET), has caught analysts’ eyes in the past week after a massive uptick in whale transactions as institutional investors aped in. FET trades at $1.33, gaining 1.8% in the past day for a $3.35 billion market cap. The token shrugged off a retracement on Tuesday that dragged it to a weekly low of $1.242 to surge 7% and reclaim its weekly close above $1.3. FET has been testing a longer-term resistance around $1.42 since July; after it was rejected at this level, it dipped all the way to $0.78 before mounting a comeback. Another retest in late August was rejected, but the bounceback was much faster this time, leading to another retest in the past week. If the token breaks this resistance, one analyst believes it will rise to $1.44, and if it’s not rejected, the next target will be $2.1. $FET looking good for $1.44 and above, target is $2.1 pic.twitter.com/FeUyvHkMx7 — Block_Diversity v.8 ™️ (@i_bot404) September 18, 2024 Another analyst pointed out that the token has printed an inverse head and shoulders pattern, which indicates an impending bullish run. Additionally, it has broken out of a descending resistance trendline that has been in play since early April as shown below. Altcoin Sherpa, another renowned crypto analyst, says that traders should wait for FET to break above $1.48 before accumulating as its 200-day exponential moving average is still proving to be tough resistance. $FET I think looks good but I am not…
What's Your Reaction?
