AI Altcoin Thats Shot Up Over 250% in Under Three Months Angling for New All-Time High, Says Crypto Analyst

A closely followed crypto strategist believes that one artificial intelligence (AI) focused altcoin could soon surge to new all-time highs (ATH).

Pseudonymous analyst Rekt Capital tells his 382,100 followers on the social media platform X that Fetch.ai (FET) could remain in an uptrend if it breaks through a key resistance level on the monthly chart.

A dip is in progress into the local support (purple).

Retest is successful thus far there.

Continued stability here and FET will challenge its final major resistance (red) for a chance at new all-time highs.

Price discovery is a matter of time.

Source: Rekt Capital/X

FET closed at $0.204 on October 19, 2023, and is trading for $0.730 at time of writing, a gain of nearly 258%. FET reached an all-time daily high of $1.17 in November 2021.

Fetch.ai is a blockchain-based AI platform that aims to automate supply chain logistics or record-keeping for individuals or organizations.

Next up, the trader says that Ethereum (ETH) could move to the upside if it holds a key support level at $2,274.

ETH is in the process of retesting the $2,274 level (red) as support.

Successful retest here would enable a +22% move to the upside.

Green pathway still intact for as long as red continues to act as support.

Image
Source: Rekt Capital/X

Looking at the trader’s monthly chart, he suggests that ETH could be heading to the $2,791 level.

Ethereum is trading for $2,266 at the of writing, up more than 2% in the past 24 hours.

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This article was originally reported on The Daily Hodl.