Artificial Superintelligence Alliance Price Prediction: 2024, 2025, 2030

FET price prediction: Key highlights

 

1. Primary support and resistance levels

• On the weekly time frame, the highest resistance level for the price was $3.0, while the lowest support level was $0.1.

2. Market sentiment

• In August 2024, the market trend for FET is seen to be bearish.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast an average price of $4 for FET (ASI) by 2031 and $7 in 2034.

Discover essential information on FET via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

 

FET technical analysis: AI token sparks comeback

 

While trading under the ticker FET, the Artificial Superintelligence Alliance price prediction in 2024 builds upon the former’s previous performance throughout last year and the ongoing merger that can substantially impact the artificial intelligence (AI) token.  

 

The analysis began pessimistically, as the altcoin stayed at its lowest yearly support, $0.1. After failed attempts to rally, the market recovered decisively in mid-October. A prominent presence of green candles elevated the price to $0.7 in mid-December. The test triggered a retraction in mid-January, signaling a market correction due to overbuying. However, this didn't stop the uptrend.
 

As the calendar turned to February 2024, FET's bull rally did not just resume; it accelerated. With the month ending, the token flipped the psychological mark of $1.1. Despite overvaluation concerns, the asset rose and reclaimed $2.0 by March. Concurrently, the AI token tested the peak resistance at $3.0.
 

Notably, FET reached an all-time high (ATH) of $3.4 in late March. The ASI proposal fueled this milestone. This proposal, laid down by the development teams of Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), aimed to unify all three AI tokens into one. 
 

Nevertheless, the market underwent a correction as the token plunged to $2.0 in early April, where it remained until late May. During this time, the community approved the merger proposal in mid-April.

 

This was followed by FET minting an additional 1,477,549,566 tokens in early May to support the ASI Token Exchange Mechanism. Nonetheless, these catalysts proved insufficient to trigger a breakout.
 

Interestingly, as the network announced its initial merger date in June, the buyers lost $2.0. The merger timeline was later revised, moving from mid-June to mid-July. Nonetheless, the declines continued, returning the price to $1.1 in mid-June.

 

The token merger began on July 1, 2024. Over 50% of the circulating supply was migrated, including project treasuries and user balances on supporting exchanges. SingularityNET, Ocean Protocol, and Fetch.ai were consolidated under Artificial Superintelligence Alliance (FET). Moreover, the first two were delisted from exchanges, marking the completion of Phase 1 later in the month.

 

However, the price declined following a rejection at $1.5. By August, it breached the critical $1.1 level and rested at $0.7. The tides shifted later in the month as Fetch.ai announced the launch of its Innovation Lab. 

 

AMBCrypto noted that the AI token reversed its losses and reclaimed the former level, making it one of the top weekly gainers. At press time, the asset exchanged hands at $1.4. 

 

The merger’s ongoing  Phase 2, which includes updating the ticker to ASI and the recent developments, can fuel long-term investor interest. This can likely empower the bulls to reclaim $2.0 to gain the upper hand. A renewed rally can allow it to retrace its steps to the ATH.

 

Nonetheless, if the investors realize profits at the current resistance, the asset can return to the current support. If it is compromised, it would prompt a decline to $0.7.

 

Based on predictions from our models, the asset is expected to remain bullish, although not strongly, with its price projected to reach over $4 by 2031. This indicates potential volatility in the future. The models forecast the average price to go as high as $7 within the next ten years.

 

FET's 2024 roadmap: Key indicators to watch and trade

• The Bollinger Bands widened following the candles' move over the 20-week Moving Average (MA) in Q4 2023 and the frequent crossover with the upper band between late October and March.
• The market crash pushed the price below 20 MA in June. Furthermore, the bands converged slightly as the volatility lessened amid a decrease in selling pressure.
• The trading volume aligned with the price movements, highlighting substantial investor backing behind rallies. Given the token's lackluster performance, the volume receded since April. However, it rose again with the recent price uptick.
• The Moving Average Convergence Divergence (MACD) and the signal line initially stayed below the zero line. By late September, the former gained dominance, and both lines ascended. It turned positive in late October, and the signal line caught up by early November. 
• However, the MACD line’s rise was reversed in April, culminating in a bearish crossover in May. The MACD and signal line also turned negative in late July and mid-August, respectively. The latest recorded values were the MACD line at -0.105, the signal line at -0.026, and the histogram at -0.079.