FET, the native cryptocurrency of the popular decentralized artificial intelligence platform Fetch.ai, has been on a mega bull run hitting its all-time high of $3.37 earlier today. As of press time, Fetch AI (FET) is trading at $3.28 with a market cap of $2.7 billion while occupying a space in the list of top 50 cryptocurrencies by market cap.
Fetch AI (FET) Price Rally To Continue
The beginning of the FET price rally dates back to earlier February 2024, when it was trading at a meager $0.50. However, amid a major boost in the artificial intelligence market, AI tokens including Fetch AI triggered a major rally giving a staggering 500% returns in the last two months.
The growth in the token is supported by substantial buying volume, as evidenced by the On-Balance Volume (OBV) indicator. Although there was a slight decline in OBV over the past two weeks, the overall buying momentum remains strong, with the Relative Strength Index (RSI) consistently above 50, indicating a sustained uptren
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