With some of the biggest opportunities in the space on fire sale in the local retracement pattern, here are five picks for the best altcoin projects to ape ahead of the next bull run.
As Chat GPT 4 makes waves across the tech space, it appears a resurgence of interest in AI-based crypto projects is back on the cards.
This follows a sensational breakout AI narrative in February, which saw some of the biggest AI projects in the space explode in value.
Among the winners was Fetch Ai – the biggest AI focused blockchain project.
Network native $FET token is riding high this week, after bullish price movements last week reclaimed vital rally structure.
Now currently trading at $0.40 (a 24hr change of -2.5%).
$FET is in a consolidation period following a local -15% retracement on the short-time frame (STF).
This comes after $FET reclaimed vital rally structure last week with a 55% pump fuelled by project news and positive macro sentiment from Bitcoin’s CPI rally.
This brings $FET gains to a YTD total of +343% in 2023.
The RSI has cooled off quite a bit since coming close to overheating on last week’s leg-up. Now sat at 50, the RSI hasn’t produced an overbought signal for $FET since February 8.
As for the MACD? Despite the STF downside move this indicator is still signaling bullish divergence. This reflects $FET’s impressive price structure, sat high above the 200-day MA.
With such bullish positioning and no bearish indicator signals, upside potential remains high at $0.70 (+72%).
A rejection from the current consolidation level could see $FET tumble down to nearby support at $0.30 (-26.25%).
This leaves Fetch Ai with a Risk: Reward structure of 2.75 – an attractive entry characterised by a lucrative potential gain.
Interest is ripping through the market as Love Hate Inu kicked off its presale last Tuesday – and has since raised $1.2m in less than two weeks.