Emre Yumlu 
Artificial Superintelligence Alliance (FET) has recently demonstrated a strong performance among AI-focused projects in the cryptocurrency market. The token gained 15.15% in the last 24 hours, rising to $0.2878. With a total market capitalization ranking 133rd, FET’s 24-hour trading volume reached $237.44 million. As the global crypto market capitalization climbed to $3.87 trillion, recording an overall 4.06% increase, this positive sentiment was also reflected in FET’s price movement, resulting in a short-term rebound.
FET Price Outlook
In the past 24 hours, FET surged from $0.255223 to $0.300510, showing remarkable volatility. This represents a fluctuation rate of approximately 17.74%. Although the token had dropped 23.18% over the previous seven days, the recent surge suggests a significant recovery signal. However, the 30-day data still indicates a -54.33% decline trend.
The overall 4% rise in global markets supported FET’s short-term performance and increased investor interest. The high trading volume of $237.44 million strengthened the token’s liquidity while reinforcing short-term buying positions among market participants.
Technical Overview: FET Resistance and Support Levels
FET’s current price stands at $0.2878, which is above the 7-day simple moving average (SMA) of $0.261733. It is also trading above the 30-day SMA of $0.215624, indicating that the token is maintaining upward momentum in the short term.
Although still trading 91.36% below its all-time high (ATH) of $3.45, technical indicators suggest that short-term recovery momentum is gaining strength. The daily support level is seen at $0.255223, while the resistance level stands at $0.300510. Breaking above these levels could pave the way for a potential new trend formation.
This content does not contain investment advice.
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