If the anticipated downturn occurs, Tron (TRX) could see its price targeting a bearish milestone around $0.143 in September. This target aligns closely with the 0.5 Fibonacci retracement line and the 50-day exponential moving average (50-day EMA), represented by the red wave.

Meanwhile, AI-driven cryptocurrency Fetch.AI (FET) has emerged as a prominent performer over the past month, particularly when compared to heavyweights like Bitcoin and Ethereum. This surge in interest comes on the heels of Nvidia’s stellar Q2 earnings call, which has shifted traders’ focus towards the burgeoning artificial intelligence sector.

As of September 5th, FET’s price had skyrocketed by over 30% against the US dollar, gained 23% compared to BTC, and increased by 30% against ETH within a 30-day adjusted timeframe. This impressive performance is largely attributed to Nvidia’s recent triumphs in the chipmaking industry, which have cemented its influence and created a perceived strong linkage between its success and AI-centric projects like Fetch.AI.

The speculation surrounding Nvidia’s performance has triggered a wave of speculative buying, commonly known as “FOMO” (Fear of Missing Out), among cryptocurrency investors. This frenzy has been particularly evident in tokens associated with artificial intelligence. Notably, Fetch.AI experienced significant whale activity leading up to Nvidia’s earnings announcement. Large holders of FET tokens repurchased them after previously selling at lower prices, signaling renewed confidence in both the AI sector and Fetch.AI’s future prospects.

Fetch.AI’s bullish trajectory is also supported by other fundamental factors. On a technical level, FET appears poised for further gains in September due to the formation of an inverse head-and-shoulders (IH&S) pattern. This technical setup is characterized by three distinct troughs: the left shoulder, the head (which is a deeper dip), and the right shoulder, all indicative of weakening bearish momentum. The neckline, situated around $1.39, serves as the key resistance level that could pave the way for additional upward movement if breached.

In summary, while Tron (TRX) might face a bearish target around $0.143, Fetch.AI (FET) stands out with its substantial gains driven by Nvidia’s success and strong technical patterns, indicating potential for further growth in September.