{"id":575854,"date":"2024-02-19T19:00:11","date_gmt":"2024-02-19T19:00:11","guid":{"rendered":"https:\/\/wncen.com\/?p=575854"},"modified":"2024-02-19T14:53:37","modified_gmt":"2024-02-19T14:53:37","slug":"fetch-ai-fet-strong-bullish-signal-targets-500-spike","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/fetch-ai-fet-strong-bullish-signal-targets-500-spike\/","title":{"rendered":"Fetch.AI (FET) Prints Strong Bullish Signal, Targets 500% Spike"},"content":{"rendered":"
In a new technical analysis<\/a>, renowned crypto analyst Gert van Lagen forecasts a 500% surge in the value of Fetch.AI (FET), with a price target of $5.5. This bold prediction comes as the AI-centric cryptocurrency coin, FET, records a 12% increase over the past 24 hours and an impressive 45% gain over the last week.<\/p>\n Currently trading with a momentum that correlates with the buzz around AI technology giant Nvidia, Fetch.AI is riding the wave of heightened interest as Nvidia approaches its Q4 2023 earnings release on February 21.<\/p>\n Nvidia’s stock has experienced a remarkable 45% surge since their previous earnings report, expanding its market cap by an unprecedented $600 billion. As the tech community anticipates Nvidia’s next financial update, speculation abounds regarding the potential influence of the company’s performance on the broader AI and cryptocurrency markets.<\/p>\n FET, along with other AI-tied tokens<\/a> such as The Graph (GRT)<\/a>, Injective (INJ), Render Network (RNDR), and SingularityNET (AGIX), stands at a critical juncture where Nvidia’s financial results could significantly sway investor sentiment within the AI and crypto sectors. A positive report from Nvidia could catalyze a wave of enthusiasm, potentially bolstering investments in AI-dedicated cryptocurrencies.<\/p>\n Van Lagen’s chart showcases a massive inverse ‘Head and Shoulders’ (H&S) pattern, consisting of three troughs: the left shoulder formed in early 2022, the head reached its nadir at the end of 2022, and the right shoulder developed in August 2023.<\/p>\nFetch.AI (FET) Eyes A 500% Rally<\/h2>\n