- Santiment tweeted that FET is now ranked 102 on the list of the biggest crypto market caps.
- A large FET transfer worth more than $61 million was made to an existing whale recently.
- FET’s price has broken above the 9 and 20-day EMA lines yesterday.
The blockchain intelligence firm, Santiment, shared in a tweet this morning that FetchAI (FET) is now ranked at number 102 on the list of biggest crypto projects by market cap following a 395+% rise in its price in 2023.
The tweet also shared that FET recently saw its largest transaction in 567 days after $61.2 million worth of FET was transferred to an existing whale address. The tweet added that the whale address which received the large FET transfer also holds 224.46 million in Ethereum (ETH).
According to the crypto market tracking website, CoinMarketCap, the price of FET has risen 13.79% over the last 24 hours. In addition to strengthening against the Dollar, FET has also strengthened against the two crypto market leaders over the last 24 hours. At press time, FET is up 11.69% against Bitcoin (BTC) and 10.21% against ETH.
Looking at the daily chart for FET/USDT, the price of FET was able to break above the 9-day and 20-day EMA lines yesterday following the release of the positive U.S. CPI statistics. Yesterday saw FET’s price break out of a brief consolidation period to rise to a daily high of $0.3931.
Daily technical indicators for the AI-focused altcoin remain bullish with the 9-day EMA crossing above the longer 20-day EMA line yesterday. In addition to this, the MACD Histogram is gradually becoming less negative, however, the MACD line is still positioned below the MACD SMA line, which is a bearish sign that traders need to take note of. Should the MACD line cross above the MACD Signal line in the coming week then FET’s price may receive a mini boost.
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