- Based mostly available on the market cap, the Fetch.ai crypto has excessive liquidity.
- The buying and selling value of the FET crypto has elevated by 3.1%.
Fetch.ai is a undertaking that mixes blockchain and AI to create a decentralized world of autonomous brokers. The FET token is used for transactions, incentives, and rewards throughout the platform.
The platform goals to optimize and automate varied duties and sectors utilizing the brokers. The undertaking was based by consultants in AI and gaming.
The amount/market cap ratio of the Fetch.ai crypto is 0.2363 and the worth of the traded quantity is $42.296 Million within the final 24 hours and the quantity rating of the crypto is #111. Moreover, the market cap rating of the crypto is one hundred and fifteenth as per CoinMarketCap.
The market cap worth of the Fetch.ai crypto is $460.967 Million and the circulating provide is 831.551 Million FET. Moreover, the entire provide is 1.152 Billion FET whereas the max provide just isn’t disclosed.
Fetch.ai crypto has a completely diluted market cap of $639.497 Million and the sentiment of the crypto is impartial. Its market cap dominance is 0.02% and the volatility is excessive at 8.96%.
Fetch.AI Crypto Derivatives Evaluation
The derivatives buying and selling quantity of the crypto has elevated by 59.4% to $82.29 Million. The open curiosity has additionally elevated by 2.17% within the final 24 hours.
Furthermore, as per Coinglass, the recorded brief liquidation for the crypto is $25.30K whereas the lengthy liquidation is $3.32K. The lengthy/brief ratio of the FET crypto is 0.9869.
FET Crypto Technical Evaluation
The FET crypto price has damaged above an important resistance zone and the value is at the moment sustaining above the identical. Moreover, the swing excessive of the crypto is $0.80, and if the value breaks above this excessive, we’d witness additional will increase within the value.
FET/USD Chart by TradingView
The 50-day and the 200-day EMAs are forming a golden cross on the daily timeframe. Despite this, the price of the crypto has declined below the 50-day EMA and is currently forming a lower-low structure.
The MACD indicator is giving a sell signal on the daily chart with the formation of the bearish histograms on the chart. Additionally, both the MACD and the signal lines are situated below the zero level.
The RSI for the FET crypto has declined below the 50-level and has overlapped the 14-day SMA. This behavior indicates volatility and uncertainty in the price.
Summary
Fetch.ai is a blockchain and AI project with a token called FET. The crypto has high liquidity, volatility, and market cap. The price has broken a resistance zone but is still in a downtrend. The technical indicators are bearish and the future price is uncertain unless the price breaks above the last swing high.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.