Fetch.ai price has dropped nearly 45% since late March as broader marketsstarted bleeding. FET bulls must defend $1.70 if they want to keep the upward thrust alive, signaling strength on the AI coin. A break and close below $1.59 would mean a lower low, invalidating the bullish reversalthesis. Fetch.ai is trading with a bearish bias. It comes as chatter about the proposed integration with the Ocean Protocol and the SIngularityNET ecosystem remains fresh. Also Read: Fetch.
FET/USDT 1-day chart On-chain metrics to support bullish outlook for Fetch.ai price To support the bullish reversal thesis, Santiment data notes a spike in social volume and social dominance. Social volume refers to the level of online chatter surrounding a particular coin or token across various social media platforms, forums, and news outlets. An increase in social volume indicates a higher level of interest, discussion, and attention on the asset.