Fetch.ai (FET), now a part of the Artificial Superintelligence Alliance (ASI) after its merger with SingularityNET (SNET) and Ocean Protocol (Ocean), has witnessed a strong price movement over the last 24 hours. As of February 4, 2025, FET is trading at $0.7693, reflecting an 8.61% increase on the day. This bullish move comes amid growing interest in AI-based blockchain solutions and continued progress in the ASI token merger.
Related reading: FET Token Gains Unstoppable Momentum in the AI Crypto Race: 5 Reasons This Could Be the Future of Decentralized Intelligence
Artificial Superintelligence Alliance Rockets 8.61%: How High Can It Go?
FET started the day at approximately $0.7033 and quickly gained momentum, rallying past the $0.75 mark within hours. The upward trajectory saw the token touch an intraday high near $0.85 before retracing slightly to its current level of $0.7693. Despite the slight pullback, FET remains in a positive uptrend, maintaining its position above key support levels.
Liquidity Booms as FET Sees Increased Market Activity
- Market Capitalization: $1.83 billion (+8.61%), reflecting increased investor confidence.
- 24-Hour Trading Volume: $663.09 million (+45.13%), indicating heightened trading activity.
- Volume-to-Market Cap Ratio: 35.34%, showing strong liquidity and market participation.
- Circulating Supply: 2.39 billion FET out of a total 2.71 billion max supply.
Why the ASI Token Merger Is Fueling FET’s Price Action
- Growing Institutional Interest in AI & Blockchain: AI-focused blockchain projects are seeing increased investment from institutional players, driving demand for FET.
- ASI Token Merger Progress: The ongoing token merger between SingularityNET, Fetch.ai, and Ocean Protocol has continued to fuel optimism, as it marks one of the largest consolidations in blockchain history.
- High Trading Volume & Market Liquidity: A 45.13% surge in 24-hour trading volume shows that market participants are actively trading FET, leading to higher price action.
- Bullish Market Sentiment: AI-related cryptocurrencies have gained momentum following recent advancements in AI technologies, further boosting FET’s appeal.
Bullish or Bearish? Key Levels to Watch for Fetch.ai
- Support Level: $0.75: The token needs to hold above this level to maintain its bullish momentum.
- Resistance Level: $0.80-$0.85: Breaking above this range could see FET retest its recent highs.
- Bullish Indicators: The price action suggests a potential breakout if volume remains elevated, signaling further upside potential.
The Top Crypto Exchanges Supporting Fetch.ai
For investors looking to trade Fetch.ai (FET), it is available on several major exchanges, including:
- Binance
- BiKi
- BiONE
- BitAsset
- HitBTC
Read more: Cardano Dips 17%: Can ADA Bounce Back After Major Upgrades?
Will Artificial Superintelligence Alliance’s AI-Powered Growth Outperform the Market?
The strong momentum seen today could continue if market conditions remain favorable. With the ASI token merger nearing completion, the increased utility, scalability, and adoption of AI-focused blockchain solutions could drive further price gains for FET.
However, given the continued high volatility in the crypto space, traders should monitor macroeconomic conditions and general market sentiment.
Artificial Superintelligence Alliance’s AI-Blockchain Integration Could Be a Game-Changer
FET’s 8.61% price increase today underscores the growing investor confidence in AI-powered blockchain solutions. The surge in trading volume (+45.13%) highlights strong market participation, while the ASI merger progress continues to drive excitement. As Fetch.ai solidifies its position in the Artificial Superintelligence space, further price appreciation may be on the horizon, provided FET can maintain support above key technical levels.
Investors and traders should monitor price action closely, especially around the $0.75-$0.80 range, to determine the next possible move for FET. 🚀
