The cryptocurrency market is abuzz with renewed momentum in artificial intelligence (AI) tokens, and Fetch AI (FET) is leading the charge. Over the past week, FET has surged by an impressive 70%, capturing the attention of both retail and institutional investors. This rally coincides with growing anticipation around Nvidia’s upcoming second-quarter earnings report—historically a major catalyst for AI-related assets. As market sentiment turns increasingly bullish, whale activity in FET has spiked, signaling strong conviction in the token’s near-term potential.
Whale Activity Signals Strong Confidence in FET
On-chain data reveals that a major FET whale recently reversed course in a bold move. After selling 2.33 million FET tokens between August 11 and August 23 at an average price of $1.02, the same entity repurchased 1.79 million FET on August 26 at $1.33 per token—spending $2.38 million in USDT from Binance. This reversal suggests the whale may have regretted exiting early and is now re-entering at a higher cost basis, a behavior often seen during strong market uptrends.
👉 Discover how whale movements can predict the next big crypto surge.
Such strategic accumulation by large holders typically precedes significant price movements. When whales buy back into a token after a dip or early sell-off, it often reflects confidence in upcoming catalysts—like the Nvidia earnings report on August 28. Given Nvidia’s pivotal role in powering AI infrastructure, its financial performance is closely watched as a barometer for the broader AI sector, including AI-driven blockchain projects like Fetch AI.
FET Price Analysis: Bullish Momentum Building
In the past 24 hours alone, Fetch AI price climbed 12% to $1.30, with intraday highs reaching $1.40 and lows holding at $1.17. This volatility underscores active trading and strong buyer demand. The token is now trading well above key moving averages, and technical indicators point to sustained bullish momentum.
The Moving Average Convergence Divergence (MACD) shows the MACD line above the signal line, confirming upward momentum. Additionally, open interest in FET futures has increased by 8.95%, according to Coinglass, indicating growing participation from leveraged traders who expect further upside.
Trading volume has surged by 51.46% over the same period, hitting $290.09 million—a clear sign of heightened market engagement. These metrics collectively suggest that momentum is building for a potential breakout.
Can Fetch AI Reach $2?
With FET currently trading around $1.30–$1.40, the path to $2 appears increasingly plausible if current trends hold. A break above $1.50 could open the door to accelerated buying, especially if Nvidia reports strong earnings tied to AI chip demand.
Historically, FET reached its **all-time high (ATH) of $3.47 on March 28, 2024**, driven by widespread excitement around AI integration in decentralized systems. If the current rally gains traction, fueled by positive macro developments and continued whale accumulation, Fetch AI could not only hit $2 but potentially challenge its previous peak.
However, resistance levels must be monitored. Key hurdles lie at $1.50 and $1.75, while support appears strong near $1.30. A failure to hold this level could signal a temporary pullback toward $1.00, especially if broader market conditions turn risk-averse.
The Role of Nvidia Earnings in AI Crypto Markets
Nvidia’s earnings report on August 28 is more than just a quarterly update—it’s a market-moving event for AI-related technologies. The company’s GPUs are the backbone of modern AI training models, making its revenue from data centers a direct proxy for AI adoption.
When Nvidia reports strong earnings, particularly in its data center segment, it often triggers a ripple effect across AI-focused cryptocurrencies. Tokens like Fetch AI (FET), SingularityNET (AGIX), Bittensor (TAO), and Render (RNDR) tend to outperform during these periods as investor sentiment shifts toward AI innovation.
A positive earnings surprise could validate the current rally and push FET into uncharted territory beyond $2. Conversely, a miss or cautious guidance could trigger profit-taking across the sector.
👉 See how top AI cryptos are reacting ahead of major tech earnings.
Core Keywords Driving Market Interest
The surge in FET is part of a broader trend driven by key themes in the crypto ecosystem:
- Fetch AI price
- FET whale activity
- AI crypto tokens
- Nvidia earnings impact
- FET price prediction
- Artificial intelligence blockchain
- Cryptocurrency market trends
- MACD bullish signal
These keywords reflect strong search intent from investors seeking real-time analysis, price forecasts, and on-chain insights—exactly the kind of content that performs well in search engines and social platforms alike.
Frequently Asked Questions (FAQs)
Q: What is driving the recent surge in Fetch AI price?
A: The rally is primarily fueled by increased whale buying activity and anticipation of Nvidia’s Q2 earnings report, which could boost investor confidence in AI-related technologies.
Q: How close is FET to reaching $2?
A: With FET trading near $1.40 and strong technical momentum, a move to $2 is within reach if bullish conditions persist and Nvidia delivers strong results.
Q: What role do whales play in FET’s price movement?
A: Whales influence market sentiment significantly. Their large-scale purchases—like the recent $2.38M buy-in—signal confidence and often precede price breakouts.
Q: What happens if Nvidia’s earnings disappoint?
A: A weak report could lead to profit-taking in AI cryptos, potentially pushing FET back toward support levels around $1.30 or lower.
Q: Is Fetch AI approaching its all-time high again?
A: Yes, FET’s ATH was $3.47 in March 2024. With strong fundamentals and market momentum, a retest of this level is possible in late 2025 if adoption continues.
Q: What technical indicators support a bullish outlook for FET?
A: The MACD shows bullish crossover, open interest is rising, and trading volume has surged—three key signs of sustained buying pressure.
Final Outlook: A Pivotal Moment for AI Cryptos
Fetch AI stands at a critical juncture. With whale accumulation accelerating and Nvidia’s earnings on the horizon, the stage is set for a potential breakout. While short-term volatility is expected, the confluence of on-chain data, technical indicators, and macro catalysts paints an optimistic picture for FET holders.
Investors should monitor key price levels, on-chain flows, and broader market sentiment as August 28 approaches. Whether FET hits $2 or beyond will depend not just on technical strength but on how strongly the market interprets Nvidia’s role in the future of AI.
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