Fetch.ai Price Soars 22% This Week, Bulls Eye 53% Gains to $0.72

• Microsoft invested in OpenAI, leading to increased investor interest in the Artificial Intelligence (AI) space.
• Fetch.ai’s native token FET is hovering around $0.4730 after rallying 7% in the past 24 hours and up 22% over the past week.
• A daily candlestick close above immediate resistance would open the path for a 53% gain to $0.72 for Fetch.ai’s price.

Microsoft Investment Sparks Increased Interest in AI

Tech giant Microsoft recently moved with speed to invest $10 billion in OpenAI with the hopes of being among the first to benefit from AI’s features for its consumer products like Microsoft Teams and Azure. This move sparked increased investor interest and pushed prices of cryptos related to Artificial Intelligence (AI) higher, including Fetch.ai’s native token FET.

Fetch.ai Price Gains Traction

At the time of writing, Feitch.ai’s native token FET is hovering around $0.4730 after rallying 7% in the past 24 hours and up 22% over the past week more than 425% year-to-date, with a 24-hour trading volume of approximately $190 million and a live market cap of $388 million, standing at #108 on CoinMarketCap’s ranking list..

AI Crypto Predicted To Continue To Be Hot In 2023

Investors are expecting big companies to rush to implement features based on Artificial Intelligence into their existing and new products, such as Google announced it has been working on AI features to ramp up services on Chrome, which is currently world’s leading search engine according to JP Morgan report which also revealed that investors especially institutional see AI shaping future trading industry making AI-related coins viable alternatives for long-term value growth – creating further momentum for cryptocurrencies like Fetch.ai’s native token FET .

Fetch Price Bulls Eye 53% Gain To $0.72

The Fetch price has risen more than 25% over the last two days breaking out from its bullish flag pattern as seen on its daily chart; currently facing resistance at the top of post at $0.4755 coinciding with yesterday’s high – if closed above this level will pave way for a surge towards target of prevailing chart pattern at $0.7275 representing 53%-gain from current price level .

Moving Averages Validate Uptrend For FET

Moving averages have validated uptrend providing strength through Simple Moving Averages (SMAs), which indicate 15-day SMA crossing 30-day SMA – further validated by Relative Strength Index (RSI) indicating bullish momentum while staying below 70 line signifying room left before hitting over bought zone .