CandleFocus FET Price Eyes Recovery Following CUDOS Integration With ASI
2024-10-29
Author: Content Editor
The article discusses the price challenges faced by Fetch.ai (FET) in holding above $1.71, with recent attempts marking the second failure in three months. However, there are indications that FET may be positioning itself for a potential recovery. One of the factors that could trigger a recovery is the integration of the CUDOS mainnet to the Fetch.ai mainnet, which strengthens the Artificial Superintelligence Alliance and expands its presence in the crypto market. Additionally, FET's negative correlation to Bitcoin historically suggests the onset of a recovery phase. FET has climbed 9% over the past four days, but the next significant resistance lies at $1.40, which needs to be overcome for a reattempt at the $1.71 mark. If FET fails to surpass the $1.40 resistance, the price may drop back to $1.04, a critical support level.
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