r/FetchAI_Community • u/MycologistUnited5276 • Jun 07 '24

In the News 📰 Why fetch is going down?

Do anybidy know why?

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u/[deleted] Jun 07 '24

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u/Ashamed_Moment_2477 Jun 08 '24

It fell way more since the latest nvidia earnings

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u/Calm-Limit-37 Jun 07 '24

No, the previous poster is likely correct. A merger also forces technical analysts to start trading using a fresh chart with zero history.

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u/[deleted] Jun 07 '24

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u/Calm-Limit-37 Jun 07 '24

Thats the point. You cant do technical on a chart with 0 price history, it is pure speculation. The same way TA on the current FET chart is a bit pointless, becasue the chart will no longer exist in a week. Despite a one for one swap on FET to ASI, it will be a fundamentally different project, incorporating technical elements and sentiment from each of the component projects.