The price of Artificial Superintelligence Alliance (FET) is under significant pressure, recording sharp declines over both short-term and weekly periods. Despite an increase in trading volume, technical indicators show weak buying momentum. The token remains confined within a dominant bearish chart structure, with analysts noting critical support and resistance levels that will determine its next major move.
The Artificial Superintelligence Alliance (FET) token is facing sustained selling pressure, with its price weakening across recent sessions. It declined nearly 6.77% in the past 24 hours and posted an 18.41% weekly drop.
According to CoinMarketCap data, FET is trading at $0.1954 amid rising market activity. Its 24-hour trading volume climbed 15.07% to $190.31 million while its market capitalization fell 6.75% to $441.02 million.
The token’s price is trading inside a long-term descending channel on a three-day chart, though it recently reclaimed a trendline near $0.18 to $0.20. Crypto analyst Dami-Defi cited upside targets of $0.25, $0.28, and eventually a $0.50 to $0.60 zone.
Analysts note that holding above the $0.18 level is vital for positive trend dynamics. Key resistance is seen at $0.25-$0.28, followed by $0.35, while a failure to hold $0.18 could see a move toward support around $0.14-$0.16.
Momentum indicators confirm a bearish bias. According to TradingView, the RSI declined to 38.30, indicating weak buying pressure and increased bearishness.
The MACD line is at -0.00144, below its signal line, with a histogram positioned slightly above -0.00200. This is seen from the series of red histogram bars, which indicate that sellers are in control.
