Fetch.ai (FET)
- A renowned crypto analyst known as The Flow Horse predicts a positive trend for the decentralized artificial intelligence platform Fetch.ai (FET).
- The analyst notes a rise in open interest (OI) and trading volume, indicating bullish sentiment.
- FET is poised to turn the $0.56 level into support, potentially leading to a rally.
- At the time of writing, FET trades at $0.566, up 4% in the last 24 hours.
Bitcoin (BTC)
- The upcoming Bitcoin halving event in April is expected to be more bullish than previous events.
- BlackRock, a financial giant with $9 trillion in assets under management, is likely to promote the event through its recently launched spot BTC exchange-traded fund (ETF).
- This marks the first time a trillion-dollar asset manager will actively market a Bitcoin halving.
- Bitcoin currently trades at $43,167, showing a slight increase in the last 24 hours.
Chainlink (LINK)
- The decentralized oracle provider Chainlink (LINK) continues to trend upward, facing resistance at the $18 level.
- The analyst acknowledges that he may have exited his LINK position prematurely.
- LINK trades at $17.83 at the time of writing, with a slight decline in the last 24 hours.
Jupiter (JUP)
- The analyst is becoming bullish on the Solana-based decentralized exchange (DEX) aggregator Jupiter (JUP).
- He cites the project’s high mindshare and the potential for an imbalanced auction due to the airdrop mechanics.
- Traders can utilize the volume-weighted average price (VWAP) to identify potential buying opportunities.
- Jupiter trades at $0.579, experiencing a decline of over 3% in the last 24 hours.
Disclaimer: The information provided is for educational purposes only and should not be considered investment advice.
