Capo of Crypto, one of the well-known analysts in the world of cryptocurrency, argued in his statement that despite the ongoing declines in an altcoin, it is extremely bullish.
The analyst who discussed Artificial Superintelligence Alliance (FET) evaluated the altcoin’s high-timeframe chart. FET, which is trading at $0.70 at the time of writing this article, has lost 46% of its value in the past month.
The Capo said that the price could drop a little more, but when evaluated macroscopically, he claimed that it is a long-term buying zone between (0.50 dollars and 0.85 dollars. Interestingly, he said that the target for FET in the next few weeks is 5 dollars.
FET, an artificial intelligence altcoin formed by the merger of Ocean Protocol, SingularityNet, and FetchAI, had its golden age of artificial intelligence altcoins, especially with ChatGPT, when it was three separate altcoins. FET, which once climbed to $3.47, is currently trading 79% below its all-time high at the time of writing this article.
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