One crypto project centered around artificial intelligence (AI) may rise for months, according to a well-known crypto analyst.
On the social media platform X, the anonymous trader Altcoin Sherpa informs his followers that the decentralized AI platform for applications, Fetch.ai (FET), could rise “much higher” than its current value.
Based on his chart, the crypto trader says that FET bounced off the upper bound of a previous trading range at $0.55 and that $0.76 is the next significant level of resistance.
As of this writing, FET is trading at around $0.70, up 6.7% over the previous day. In addition, the trader also projects that Bitcoin (BTC) will soon reach the $58,000 mark.
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