Since the launch of ChatGPT, Fetch.ai price has seen exponential returns. Despite the bear market in the cryptocurrencies, the top AI coin has generated 900% returns in the past 2 months. The coin has become the flagship AI crypto project after the recent surge in AI hype. However, Fetch ai coin fundamentals are still lagging compared to the top layer 1 platforms.
Due to this reason, I don’t expect the ongoing price rally to last for long. After this unprecedented run, most indicators are signaling overbought. Therefore, I think the price can provide much better buying opportunities in the coming months.
Latest Fetch AI News Today
According to the most recent Fetch AI news, the network has hit the milestone of 5 million transactions. The network stats can be viewed at the Fetch AI block explorer on mintscan.io. In other news, Fetch.ai has recently published the 3rd part of the ‘Know Your Validaor’ series. In the latest medium article, the project discussed what motivated Datarella to run a Fetch AI node.
If you’re wondering where to buy Fetch ai coin, then the best place to buy is Binance. The coin is also listed on all other major exchanges like Coinbase, Kucoin, and Kraken.
Fetch.ai Price Chart – Daily Timeframe
The daily chart shows an exponential surge in Fetch ai price. Since tagging the lowes of $0.0527 in November 2022, the price has generated almost 9x returns for the bottom buyers. The chart shows resistance around the $0.30 level, which was eventually overcome by the price. At the time of writing, Fetch.ai is trading at $0.50, and the rally appears to be overextended.
The price has also faced rejection from the $0.61 level, which also aligns with the 0.5 Fib retracement level, connecting December 2022 low to the all-time high. It has also failed to close above the April 2022 high of $0.54.
If the price reclaims this level, then Fetch.ai price prediction of $0.76 might become a reality. This level comes into play by the 0.618 Fib retracement level. Considering all the overbought indicators, I won’t be surprised if the price experiences a massive correction from current levels.