Fetch.ai Price Prediction: FET Drops 7% as Traders Prepare for This BONK Challenger’s First Listing and $1 Million Airdrop| Trending Viral hub

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The price of Fetch.ai plummeted more than 7% in the last 24 hours to trade at $2.74 at 2:20 am EST, as investors dump their holdings in the AI ​​cryptocurrency.

This drop in FET price follows the recent bullish news that Fetch.ai, SingularityNET, and Ocean Protocol will join forces to create an Artificial Superintelligence Alliance. Voting in favor of the governance proposed by this alliance will begin today.

Fetch.ai price loses key support

BINANCE: FETUSDT chart image by StevenWalgenbach

4-hour chart for FET/USDT (Source: TradingView)

He Fetch.ai Price fell below the $2.8593 support level in the last 8 hours and continues to trade below this key price point. A short-term negative price channel also formed on the altcoin’s charts after FET printed a series of lower highs and lows over the past few days.

If sellers continue to put pressure on Fetch.ai price, then it may risk testing the $2.3715 support level in the next 48 hours. A break below this significant mark could expose the cryptocurrency to the risk of falling to $2.1530.

This bearish thesis could be invalidated if Fetch.ai price manages to close a 4-hour candle above the recently surpassed $2.8593 level in the next 24 hours. This will not only put the altcoin above the descending price channel, but could also give it a solid base from which to ascend.

Traders can then identify FET claiming this support as a buy signal, which will subsequently drive the price of Fetch.ai higher. In this bullish scenario, the altcoin could try to challenge the $3.2695 barrier. Breaking this mark could clear the way for FET to rise further in the coming days.

Bulls Might Have Difficulty Raising Fetch.ai Price

The technical indicators on the FET chart suggest that the bulls will have a lot of ground to cover before they can increase the value of the crypto. Sellers continue to have an advantage over buyers, as indicated by the Relative Strength Index (RSI), which is positioned below its Simple Moving Average (SMA) line. The bearish momentum that pushed the Fetch.ai The price drop in recent days is also strengthening. With the Moving Average Convergence Divergence (MACD) line breaking below the MACD signal line on the 4-hour chart, it appears that the sellers are showing no signs of slowing down.

While Fetch.ai price remains at the mercy of the bears, traders are turning their attention to Smog and its upcoming public listing and $1 million airdrop.

This could be the next Meme Solana coin to explode

Smog (SMOG) joins a handful of other meme coins that have recently entered the burgeoning Solana ecosystem. However, what sets Smog apart from the other new entrants is its massive airdrop, which SMOG’s creators refer to as the “biggest airdrop of all time.”

The project team also recently teased the cryptocurrency’s first public listing. This is a massive event because it will open SMOG to a broader group of investors and make it easier to purchase the SOL meme coin. Both of these factors could cause SMOG price to skyrocket in the coming weeks.

Other popular Solana tokens, such as Book of Meme (BOME) and Dogwifhat (WIF), managed to obtain a coveted listing on Binance. Traders flocked to cryptocurrencies soon after their listing announcements were made, causing their prices to rise.

Although no specific details have been released about which exchange will welcome SMOG to its platform “very soon,” any listing, especially the first of a cryptocurrency, often leads to a significant price increase.

With the hype surrounding Solana meme coins, the anticipation of SMOG appearing on Binance is starting to grow. It may only be a matter of time before the dragon-themed cryptocurrency rises to unprecedented heights.

Last chance for investors to participate in the $1 million airdrop

The first season of SMOG’s massive airdrop campaign will come to an end on April 3. There is still time for investors to build up their XP in order to claim the $1 million airdrop.

Anyone who wants to be eligible will need to complete a variety of Zealy missions set up by the team. On that day, each person’s XP will be used to determine how much of the airdrop they will receive.

The second season of the airdrop campaign has already begun. Unlike the first season, which focused on the number of Zealy missions completed, the second season will put an emphasis on commercial and chain activity.

For investors who want to better position themselves before listing, SMOG can also be purchased on the project’s official website.

Selling at a 10% discount, the crypto can be purchased using USDT, ETH, or bank card. A 42% APY is also offered to anyone who purchases SMOG at this early stage.

SMOG can be purchased here.

Related Posts:

Smog (SMOG) – Meme Coin with Rewards

smog sheet
  • First Airdrop Season Available Now
  • Earn XP to qualify for a share of $1 million
  • Featured on Cointelegraph
  • Staking Rewards: 42% APY
  • 10% discount on free sale – smogtoken.com

smog sheet

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