Today’s cryptocurrency market showed a blend of recovery and caution. While Bitcoin and Ethereum held steady, AI-focused tokens like Fetch.ai and SingularityNET outperformed, showcasing significant gains. The overall market cap dipped slightly, but certain coins demonstrated strong bullish trends, highlighting investor interest and market volatility.
The price analysis of Fetch. ai FET shows that the market sentiment is positive since FET has appreciated by 30% in value and is currently trading at $1.64. The trading volume within the 24 hours is $479,930,287, which indicates that there is a lot of investors’ interest. The daily chart reveals an upward trend with the price reaching an intraday high of $1.70 before they can feel slight pullbacks to 70. The 4H Relative Strength Index (RSI) indicates that FET is overbought, and therefore, it is expected to experience a short-term correction.
Technically, FET has an immediate resistance level at $1.75. Any attempt to penetrate this level of resistance will need a successful penetration above this level to target $2.00. On the other hand, support is created at $1.50. If the price fails to remain above this support level, it may decline to the $1.30 level.
Another token that has also performed well is SingularityNET (AGIX) which is currently trading at $0.6697 with a 24-hour increase of 28.48%. The daily chart shows an upward trend, and AGIX has recovered from the support level of $0.45 and approaching the resistance at $0.70. The bullish trend is further supported by a rising RSI, which shows that there is increasing buying pressure.
AGIX is met with resistance at $0.70 and $0.77, with the possibility to grow up to $1.00 if the bullish momentum is sustained. Support is noted at $0.55, which is important for sustaining the current trend of increase.
Another token that has also risen significantly is Worldcoin (WLD) which is currently trading at $3.12, up by 12.83% in the last 24 hours. The trading volume of WLD in the last 24 hours is $202,426,896, which shows that investors are actively participating in the trading of this token.
The price chart shows that WLD has crossed several resistance levels and is on an upward trend. The RSI shows that WLD is close to the overbought level, which may mean a short-term correction.