With this in mind, investors might continue to face gains in the coming weeks. On-Chain Developments Fuel Growth For FET Back on September 13, Fetch.ai announced Synergy, a proposed project by Fetch’s Innovation Lab intern Kush Agarwal, which will integrate the platform’s AI tech into the manufacturing industry.
Supported by positive on-chain developments, the token might be poised to flip this resistance to support in the coming days. Related Reading: Shiba Inu Seen Exploding 1,000%-7,300%: Bold Predictions Signal Massive Growth However, the relative strength index of the token signals that the bulls are exhausted with little to no room to continue the bullish steamroller.
CoinGecko notes that FET, the native token of the merger, has risen by 30% since last week, representing a huge jump in investor sentiment. Related Reading: Ripple Moves 150 Million XRP, Fueling An 11% Price Surge This was due to several on-chain developments this week, supported by an even greater bullish market sentiment as major cryptocurrencies like Bitcoin and Ethereum successfully returned to sustainable levels.
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