Rekt Capital: Fetch. ai is preparing to break the historical high

Cryptocurrency analyst Rekt Capital predicts a «promising outlook» for the Fetch. ai AI token (FET). According to the expert, the crypto asset is on the verge of reaching its all-time high.

«The price of FET has increased by more than 300% since the cryptocurrency was included in the watch list. In terms of price fluctuations, the AI cryptocurrency has risen from $ 0.53 (December 9) to $ 0.67 (December 16). Now, [FET] is trying to break through one of the last resistances before new historical highs. Aweekly close above the red resistance will be bullish,» Rekt Capital predicts.

Technical analysis shows a positive picture for the Fetch. ai cryptocurrency, which has 60% of «green» trading days. In addition, Fetch. ai shows bullish signals from almost 30 technical indicators.

The crypto expert emphasizes that the growth of AI-oriented cryptocurrencies indicates an increase in crypto users' awareness of «the opportunities that are opening up at the intersection of blockchain technology and artificial intelligence.» A telling example is the significant increase in the value of Fetch. ai (FET), which occurred after the partnership with SingularityNET (AGIX).

According to the CoinMarketCap analytical tracker, at the time of writing, FET is trading at $ 0.73, with a daily increase of 1.04%. The total number of coins circulating on the market has reached $ 606.6 million. Traders have made daily trading deals worth $ 160.1 million.