Fetch.ai Alliance Boosts Potential as Market Value Hits $2.1 Billion

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Fetch.ai (FET) is gaining significant momentum following its merger with Ocean Protocol and SingularityNET under the Artificial Superintelligence Alliance (ASI). The combined project, now valued at $7.5 billion, positions it at the forefront of AI and blockchain innovation.

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This strategic collaboration is set to enhance FET’s capabilities in decentralized machine learning and AI-driven solutions, making it an attractive prospect for investors. With its market value already at $2.1 billion, Fetch.ai’s role in the ASI project underscores its growing influence in the industry. The alliance is expected to drive further adoption and development, signaling a bullish outlook for FET as it continues to expand its market reach.

Key Levels To Watch – August 14

FETUSD is showing signs of a bullish reversal after bouncing off the key support level at $0.7680. The price has broken above the descending trendline and is now trading above the 9-day Simple Moving Average (SMA) at $0.860.

The Relative Strength Index (RSI) is recovering from the oversold region, currently at 38.40, indicating increasing buying momentum. If the price sustains above $0.880, the next target is the $1.570 resistance level, which could be tested in the coming days.