 Fetch.i price prediction says bulls are active and the token price may hit new highs in the coming months. The FET price displayed a fresh breakout and hit a YTD high which triggered positive sentiment. It is forming a highly bullish pattern and the dominance of buyers is clearly visible. In the last four weeks the FET token price spent time in the narrow range consolidation between 0.4657 dollars to 0.5995 dollars. Buyers have won the battle inside the range and succeeded in breaking out of the 0.5995 dollars hurdle. The recent up move in the Fetch.i crypto is supported by a high buying volume. It shows that big investors in Wales might have participated and injected the money. The FET token's price successfully sustains the higher levels which shows the strength of the bulls. The 50-day and 200-day EMAs are sloping upward indicating that the trend is up and favors the bullish traders. If the FET crypto price loses momentum and retraces downward, the 50-day EMA will act as a strong support for bulls. So, the downside risk is low till the price is sustaining above both the moving averages. Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.i is an artificial intelligence AI lab building an open permissionless decentralized machine learning network with a crypto economy. Fetch.i democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure data sets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.i model is rooted in use cases like optimizing DeFi trading services, transportation networks, parking, micro mobility, smart energy grids, travel, essentially any complex digital system that relies on large-scale data sets. Fetch.i's utility token, FET, was designed to find, create, deploy and train digital twins and is an essential part of smart contracts and oracles on the platform. Through the usage of FET, users can build and deploy their own digital twins on the network. Developers by paying with FET tokens can access machine learning-based utilities to train autonomous digital twin and deploy collective intelligence on the network. Validation nodes are also enabled by staking FET tokens which facilitates network validation and reputation as a result. The Fetch.i technology stack has four distinct elements which are the digital twin framework, provides modular components that help teams build marketplaces, skills and intelligence for digital twins to connect with. The open economic framework provides search and discovery functions to digital twins, the digital twin metropolis, a collection of smart contracts that run on a web assembly, WaySM, virtual machine to maintain an immutable record of agreements between digital twins. The Fetch.i blockchain combines multi-party cryptography and game theory in order to provide secure censorship resistant consensus as well as rapid chain syncing to support digital twin applications. When it comes to the platform's core components, there is the learner where each participant is the learner in the experiment, representing a unique private dataset and machine learning system. There is also the global market, which is the result of a collective learning experiment where the machine learning model is trained collectively by the learners themselves. Next, there is the Fetch.i blockchain that supports smart contracts which permit coordination and governance in a secure and auditable way. Lastly, there is the decentralized data layer based on IPFs, which enables the sharing of machine learning weights between all of the learners involved. Through the use of blockchain technology, the network is completely decentralized. Further security is provided by differential privacy, which helps avoid exposing users private datasets when generating updates. Fetch.i's blockchain also supports a combination of multi-party cryptography and game theory, providing secure and censorship resistant consensus. The Fetch.i mine net upgrade known as Capricorn brings some huge upgrades to the chain, which includes enabling inter-blockchain communication, IBC. This allows the dollar FET token to become available across all IBC enabled chains that run relayers to it and helps the dollar FET token become available on many decks across the Cosmos ecosystem in the future, with the first one being Osmosis Lab. V1, 0.0 Cosmoism VM smart contracts are also able to run on the network, allowing for permissionless interchain contracts to be developed by any developers using the Fetch.i network. During the upgrade, there will also be a reconciliation of native dollar FET tokens to those who didn't remove their tokens from the old Ethereum-based staking contract before it was tombstoneed. The public beta launch is now open for Resonate, a blockchain-based social platform built on Fetch.i and designed for NFT trust-centric social sharing and connections. Users will need to install the Fetch browser wallet, create an account, and choose Capricorn, which is the test net. Users will also need test FET tokens, which can be received from the Resonate team on Telegram. Fetch price jumped approximately 34% in the current week and recovered the complete losses of 2023. It seems to be the beginning of the new bull run in FET crypto in which new highs may be visible. The FET token formed a strong base near 0.4657 dollars, which will now act as a demand zone. If the price returns back to the demand zone, it should be treated as a good buying opportunity. Moreover, the probability of bouncing back from the demand zone will remain high. At present, the FET price is racing toward $1. However, buyers need to break out of the $0.8214 barrier to reach the $1 mark. The FET price has performed well in the last 3 months and generated nominal returns for its long-term investors. The next up move in Fetch.i crypto price will be visible after the breakout of the $0.8214 hurdle. It will be interesting to see whether buyers are able to dominate the next supply zone or lose momentum. The price action tells us that the trend is upward, so investors should look to buy near support and stay with the trend. Fetch.i price prediction stays bullish for the short run as well as for the long run. The breakout in FET price looks reliable and sustainable. The analysis suggests if the FET crypto succeeds in breaking out of the $0.8214 hurdle, the probability of reaching $1 will substantially increase. Thanks for watching, please don't forget to subscribe for more updates.