Fetch.ai (FET) Token Rallies 30% as the Company Unveils ASI-1 Extended, Its Most Advanced Web3-native LLM to Date

Fetch.ai (FET) is making headlines this week with a sharp 30% rally over the past seven days, supported by strong market momentum and the highly anticipated launch of ASI-1 Extended, its most advanced Web3-native large language model (LLM) to date. The token climbed nearly 8% in the last 24 hours alone, with the price now sitting around $0.6511.

Fetch.ai (FET) has been a hot topic in the crypto sphere this week, with the token surging over 30% in the past seven days. The gains come amid strong market momentum and the highly anticipated launch of ASI-1 Extended, its most advanced Web3-native large language model (LLM) to date.

The token rose nearly 8% in the last 24 hours alone, bringing the price to around $0.6511 by Thursday morning.

The strong technical indicators and new developments at Fetch.ai suggest that the token could be setting up for a major move in the coming weeks. If the bulls can maintain control, the token may be able to reach some key Fibonacci price targets in the $3-7 range, which could unlock exponential gains for early investors.

Fetch.ai Price Shows Strength With Breakout Above Key Resistance

On the 4-hour chart, Fetch.ai's price action is showing textbook strength with a clean breakout above resistance and strong volume, signaling that smart money is positioning for what could be a major move.

Image Credit: Trading View

Key takeaways:

The price of FET broke out of a key resistance zone at $0.5, which was the high from the previous rally in December 2023.

The token is now trading at the Fibonacci 1.272 extension level from the recent swing low to high.

There is strong buying pressure at lower price levels, which is indicated by the large green candles and the high volume.

The MACD indicator is showing a bullish crossover, which could signal further gains for FET in the short term.

If the bulls can maintain control, the next Fibonacci price target is $3, which could represent a gain of over 200% from current levels.

At current prices, FET is still down over 90% from its all-time high of $8.6, which was reached in January 2018, during the height of the bull market. However, with the token now entering price discovery mode and technical indicators biased to the upside, there appears to be plenty of room for the token to run in the coming months.

Fetch.ai Unveils ASI-1 Extended: A Breakthrough in Web3 AI

The launch of ASI-1 Extended is a major milestone in Fetch.ai's AI roadmap. Building on the foundation of ASI-1 Mini, the new model introduces capabilities designed for real-time, autonomous action and reasoning in multi-agent Web3 environments.

Crucially, ASI-1 Extended is not just a conversational LLM; it's a system built to act, collaborate, and execute intelligent decisions autonomously. This evolution marks a significant step toward Fetch.ai's mission of enabling decentralized intelligence across blockchain ecosystems.

"A new intelligence tier has entered the chat," Fetch.ai said in its announcement.

With ASI-1 Extended now live, the project aims to set a new standard for Web3-native AI, combining large-scale language understanding with execution capabilities.

The project adds that the model is designed to be continuously upgradable and optimized, ensuring it remains at the forefront of LLMs, catering to the evolving needs of the Web3 community.

The project's goal is to democratize access to cutting-edge AI technology, empowering developers and users to build the next generation of decentralized applications and services.

"We invite you to join us on this exciting journey as we push the boundaries of AI and blockchain together," the project said.

As Fetch.ai continues to innovate and expand its AI capabilities, the project is poised to play a pivotal role in shaping the future of decentralized intelligence.

This development could have major implications for the crypto market, as it highlights the potential for AI to transform the industry in unprecedented ways. As the project's AI technology advances, investors may be watching closely to see what new capabilities and use cases are unveiled.

With the token now entering price discovery mode and technical indicators biased to the upside, there appears to be plenty of room for the token to run in the coming months.

If momentum holds and AI adoption in crypto continues to accelerate, then Fetch.ai could be setting up for one of the biggest moves in the space this year.