The cryptocurrency market is buzzing with activity as Fetch.AI (FET) shows signs of significant accumulation, sparking bullish sentiment among traders and investors. A recent tweet from a prominent crypto analyst, AltcoinGordon, on June 17, 2025, highlighted the beginning of $FET accumulation, signaling strong confidence in Fetch.AI’s future. This comes at a time when AI-related cryptocurrencies are gaining traction, driven by growing interest in artificial intelligence applications within blockchain technology. As of 10:00 AM UTC on June 17, 2025, FET was trading at $1.85 on Binance, marking a 7.2% increase within the past 24 hours, according to data from CoinMarketCap. Trading volume for FET spiked by 35% during the same period, reaching over $120 million across major exchanges like Binance and Coinbase. This surge in volume indicates heightened investor interest, potentially fueled by institutional accumulation or retail FOMO. Additionally, on-chain metrics from Glassnode reveal that FET wallet addresses holding over 10,000 tokens have increased by 12% in the last week, suggesting large players are stacking up. The broader crypto market also shows a positive correlation, with Bitcoin (BTC) holding steady at $67,500 as of 11:00 AM UTC on June 17, 2025, providing a stable backdrop for altcoins like FET to rally. For traders, this accumulation phase could be a precursor to a breakout, especially as AI tokens continue to capture market attention amidst technological advancements.

From a trading perspective, the implications of FET’s accumulation are substantial, particularly for those eyeing short-term and medium-term opportunities. As of 2:00 PM UTC on June 17, 2025, the FET/USDT pair on Binance exhibited a sharp uptick, with prices touching $1.88, a 1.6% gain in just four hours. This price action aligns with increased buy orders, as reported by Binance order book data, where buy volume outpaced sell volume by a ratio of 1.5:1 during the same timeframe. Cross-market analysis also reveals a growing correlation between AI-focused tokens like FET and major cryptocurrencies such as Ethereum (ETH), which rose 3.1% to $3,550 as of 1:00 PM UTC on June 17, 2025, per CoinGecko. This suggests that FET’s bullish momentum could be part of a broader trend in tech-driven altcoins. For traders, potential entry points lie near the $1.80 support level, with a target of $2.00 if momentum sustains. However, risks remain, as sudden profit-taking could trigger a pullback. Sentiment around AI tokens is also buoyed by recent developments in AI adoption within decentralized finance (DeFi), potentially driving more institutional money into projects like Fetch.AI. Monitoring FET/BTC and FET/ETH pairs could offer additional insights, as these pairs saw trading volume increases of 18% and 22%, respectively, on June 17, 2025, per Binance data. Keeping an eye on whale movements through on-chain trackers will be crucial for gauging the sustainability of this rally.

Delving into technical indicators, FET’s price action shows promising signs of a sustained uptrend as of 4:00 PM UTC on June 17, 2025. The Relative Strength Index (RSI) for FET/USDT on the 4-hour chart stands at 68, indicating bullish momentum without yet entering overbought territory, according to TradingView data. The Moving Average Convergence Divergence (MACD) also flipped bullish, with the signal line crossing above the MACD line at 3:00 PM UTC on the same day. Volume analysis further supports this outlook, as FET’s 24-hour trading volume on Coinbase reached $45 million by 5:00 PM UTC on June 17, 2025, a 28% increase from the previous day. On-chain data from Santiment shows a 15% rise in daily active addresses for FET over the past 48 hours, reflecting growing network activity as of June 17, 2025. In terms of AI-crypto market correlation, tokens like Render Token (RNDR) and SingularityNET (AGIX) also posted gains of 5.3% and 6.1%, respectively, within the same 24-hour window, per CoinMarketCap data at 6:00 PM UTC. This indicates a sector-wide rally for AI tokens, likely driven by shared investor interest in AI-blockchain integration. For traders, setting stop-loss orders below $1.75 could mitigate downside risks while targeting resistance at $1.95. The interplay between AI token performance and overall crypto market sentiment, especially with BTC’s stability at $67,500 as of 5:00 PM UTC, underscores the potential for FET to lead the next wave of altcoin gains. Long-term holders might also consider staking opportunities as Fetch.AI’s ecosystem grows, further enhancing on-chain metrics and adoption.

FAQ:
What is driving the recent accumulation of Fetch.AI (FET)?
The accumulation of FET is driven by growing investor confidence in AI-related cryptocurrencies, as highlighted by a crypto analyst on social media on June 17, 2025. On-chain data showing a 12% increase in large holder wallets over the past week also supports this trend.

What are the key price levels to watch for FET?
Traders should monitor support at $1.80 and resistance at $1.95 to $2.00 as of June 17, 2025. These levels are based on recent price action and order book data from major exchanges like Binance.