Whale regrets selling Fetch.ai (FET) after a 75% weekly surge, rebuys at a higher price

Fetch.ai (FET) recorded impressive price actions over the past week, gaining 75% on its seven-day chart.

Meanwhile, one whale caught the attention of traders and investors with a significant transaction involving Fetch.ai.

According to Lookonchain, the large-scale players rebought 1.79 FET coins, worth around $2.385 million, from exchange Binance, spending 1.33 per token.

The transaction marked a notable shift as the whale offloaded 2.33 million FET tokens, worth approximately $2.385 million, at $1.02 per token between 11 August and 23 August.

Whale buys back FET after impressive surges

The whale activity confirms regret and a shift in sentiment as the traders repurchased FET at higher prices after selling at a discount.

The whale sold FET worth $2.385 million (2.33 million coins) when the alt traded at $1.02. However, bullish price actions re-invited the investor.

The whale has rejoined with a similar capital but at a higher cost of $1.33 per FET. The move reflects a costly decision as the investor paid a higher price to rebuy the tokens.

However, his re-entry underscored revived demand and interest in Fetch.ai following last week’s price surge, signaling an upside continuation for the AI-centered altcoins.

Analyst bullish on FET

Fetch.ai’s performance has attracted crypto enthusiasts and analysts. The altcoin has experienced massive upside momentum lately, even hitting the $1.3890 price mark on Coinmarketcap.

The altcoin trades at $1.30 during this writing, and analyst cnzbzkrt trusts FET will extend its 75% weekly high.

He believes the AI token has what it takes to explore the $15 – $30 value area in the upcoming sessions.

Also, crypto trader and analyst Doctor Profit revealed that Fetch.ai has surged 73% since his suggested entry level.

The altcoin has maintained a robust uptrend, and the latest whale moves confirmed steady confidence in FET’s future price actions.

Doctor Profit’s move highlights the benefits of timed entries in the cryptocurrency market to capitalize on subsequent surges.

The swift uptrend saw FET touching the $1.3968 high, reflecting revived interest in the token.

Whale re-entry after selling at lower prices highlights regret and trust in the upcoming price movements. Meanwhile, Doctor Profit’s successful trade recommendation emphasized the benefits of timely entries during dip-buying.

FET price outlook

FET hovers bullishly at $1.31 after a 12% price increase over the last 24 hours. The 32% uptick in trading volume reflects stable momentum behind the alt’s rally.

Source: Coinmarketcap

Bullish developments in the artificial intelligence sector amidst crypto market rallies could extend FET’s upside towards the somewhat unattainable $15 – $30 range.

However, such an uptrend won’t be a walk in the pack due to cryptocurrencies’ wild volatility.

Broad market sentiments would be vital in determining FET’s upcoming trajectory.

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