The Bitcoin Price trajectory is leading a bullish activity in the altcoin sector. BTC surged from $57k to a promising start this week from $65k. Amid its stability above $63k due to the Fed’s decision to maintain interest rates, the market is witnessing massive capital inflows. Amid these trends, top AI cryptos like Fetch.ai and Ocean Protocol face massive price breakouts.
Fetch.ai (FET) Price Demonstrates Bullish Trend Amid 25% Surge
Fetch.ai (FET) price has demonstrated an outstanding breakout in the recent recovery market. Due to ongoing hype for AI-based cryptos and their utility, FET is among the lead gainers with a 25% surge in the past week. Amid bullish trendlines, Fetch.ai has witnessed an explosive surge past $2 billion in the market cap.
Leading analysts are optimistic about the FET price trajectory. Captain Faibik’s analysis shows that the FET price can demonstrate a remarkable uptrend in May. Despite a drop in volume, a bull run toward a new all-time high is not impossible for FET’s price in this market cycle.
$FET Bullish Pennant Upside Breakout is Confirmed on the Daily timeframe Chart..✅
Looks Promising for another 2x Bullish Rally so Keep an eye on it. 🧐#Crypto #FET #FETUSDT pic.twitter.com/AgF2bbQUOv
— Captain Faibik (@CryptoFaibik) May 6, 2024
In terms of short positions, Fetch.ai is a promising investment choice. Trading at $2.4, the FET price holds above the crucial support level at $2.3. If the buying pressures increase and bulls take hold, FET can surge past $2.8 in the next few days, locking its eyes on the $3 threshold next.
Ocean Protocol Displays Price Breakout After Data Farming Airdrop
Ocean Protocol (OCEAN) price momentum is subjected to the community’s increasing interest in the $7.5 billion token merger announcement last month. Notably after the data farming airdrop, OCEAN’s price has surged 25% on the weekly chart with massive upside potential.
Oceaners, today is a good day!
🎁 The Data Farming airdrop has completed! 🎁
veOCEAN holders can claim DF rewards at https://t.co/5kVxEkk2BmPassive DF & Volume DF are retired.
Predictoor DF forges ahead, with room for scaleup & more DF streams.— Ocean Protocol (@oceanprotocol) May 3, 2024
Ocean Protocol has been an outstanding performer in the AI-based crypto market. Indicators suggest a strong resilience demonstrated by the token against falling trading volume. With a 200-day Simple Moving Average (SMA) and Relative Strength Index (RSI) of 50.00, Ocean Protocol signifies stability and a positive outlook ahead.
Capital Influx Pushes DTX Exchange Presale Past $500,000
DTX Exchange (DTX) is leading the deFi sector with its amazing market performance in the early launch stage. Through its unique trading solutions and massive growth opportunity, the hybrid platform of DTX empowers traders to bid in the rising demand. The platform’s ground-breaking 1000x leverage feature is poised to be a game-changer in the trading sector.
Amid increasing global demand, the project has crossed $500,000 in stage 2 of the public presale. With an expanding holder base, the exchange is expected to emerge as a top choice in the upcoming months. DTX Exchange provides traders access to diverse financial markets where they can trade from higher market positions and capitalize with low investments.
Early investors can acquire DTX tokens for $0.04 which will rise to $0.06 in the next stage of the presale. DTX’s commitment to user security and engagement is pushing it to the center stage of the trading sphere. The project promises 25x growth potential upon the launch on the mainnet, with the potential to surge past $1.
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