- FET outperformed BTC in the last 24 hours, showing signs of a renewed rally.
- After breaking out of the supply zone, FET is eyeing a jump to $0.40.
- With increasing trends around the AO, MACD, and RSI, sellers may find it difficult to invalidate the bullish outlook.
Fetch.ai (FET) posted a 13.50% gain in the last 24 hours, cementing the AI token’s position as the cryptocurrency with one of the best performances in all of October. The move follows a month filled with hikes for Bitcoin (BTC) as the number one coin in terms of market cap tries to blast above the $35,000 psychological level.
FET’s rally is not only dependent on Bitcoin’s movement. In fact, its latest increase could be linked to a series of positive developments that could happen in the Artificial Intelligence (AI) space over the next few weeks.
Fetch.ai itself also announced the release of DeltaV, an open platform for the new AI economy earlier in the month. The development has impacted growth in Fetch.ai’s network with the token experiencing an increase in adoption.
Out of the Obstacles
FET broke out of the supply zone after support was established at $0.22. The support quickly t…
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