Coinbase Announces Partnership Between OCEAN and FET
- Partnership Announcement: Coinbase announced a partnership between OCEAN and FET to form the Artificial Superintelligence Alliance (ASI).
- Timeline of Transition: OCEAN will transition to FET on July 1, 2024, followed by the merger with ASI from mid to late July 2024.
- Trading Support: Coinbase will not facilitate the transition of assets but will continue trading support for FET and OCEAN until further notice.
- Price Increase: Following the announcement, both OCEAN and FET saw significant price increases in the market.
- Market Performance: OCEAN's price rose by 9.79% to over $0.73 with a market cap exceeding $417 million, while FET's price increased by 11.5% to $1.78 with a market cap surpassing $1.51 billion.
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Technical Analysis for FET
Technical Sentiment Analysis for Artificial Superintelligence Alliance (FET) As of , Artificial Superintelligence Alliance (FET) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FET stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FET is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Artificial Superintelligence Alliance (FET) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0607 | 0.0973 | 0.135 | 0.171 | 0.208 | 0.245 | 0.282 |
| Fibonacci | 0.0973 | 0.126 | 0.143 | 0.171 | 0.199 | 0.217 | 0.245 |
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