This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Fetch AI (FET) has been experiencing a surge in its native token price, driven by the bullish sentiment surrounding artificial intelligence (AI) and the recent departure of Sam Altman from OpenAI. Despite already witnessing significant growth, crypto analysts believe that FET is just getting started and will continue to rise.One prominent analyst, Tony The Bull, who accurately predicted the initial rise of FET when it was priced at $0.09 in 2022, remains optimistic about its future. Tony expects the price to increase further from its current level, based on a chart that shows a bounce above $2.5, followed by a retracement to around $0.55, and then another bounce to over $4. If this pattern plays out as expected, FET could potentially see multiple bounces of over 500% from its current price.Another crypto analyst, TradingShot, shares a similar bullish outlook for FET. They have identified a Golden Cross on the 1-day chart, which indicates a bullish pattern and suggests that the price has already started moving up. TradingShot believes that this is just the beginning of a larger rally and targets a price above $2, citing similarities with a previous bullish pattern that peaked just below the 1.5 Fibonacci extension. They remain buyers of FET, with a target of 1.8000.Currently, FET is in a downtrend after a significant run. Its price sits at $0.5, having fallen 11.62% in the last 24 hours. Despite this temporary setback, analysts remain optimistic about the future of FET and expect further rallies in the coming days.In summary, FET has experienced impressive growth and is expected to continue rising. Analysts like Tony The Bull and TradingShot believe that FET has the potential for significant gains, with targets above $2 and 1.8000, respectively. However, it is important to note that FET is currently in a downtrend after a recent surge in price.