The Artificial Superintelligence Alliance (FET) token recorded a 4.54% gain in the past 24 hours, though it remained down 6.52% over the past week. The rebound coincided with Bitcoin’s recovery following the Federal Reserve’s interest-rate decision. Despite this short-term strength, the broader altcoin market sentiment remained largely pessimistic, with the total altcoin market cap (excluding Ethereum) up just 1.48% over 20 hours and trending lower since early July. Technical indicators suggest further losses are likely, as the OBV has steadily fallen over two months and the RSI consistently stayed below neutral 50. According to analysts, a bounce toward $0.149–$0.158 would likely offer a selling opportunity for swing traders, with the broader trend remaining bearish until key resistance is broken.
The Artificial Superintelligence Alliance (FET) token recorded a 4.54% gain in the past 24 hours, though it remained down 6.52% over the past week. The rebound coincided with Bitcoin’s recovery following the Federal Reserve’s interest-rate decision.
The sentiment in the altcoin market remained largely pessimistic. The total altcoin market cap, excluding Ethereum, was up 1.48% over 20 hours but has trended lower since the first week of July.
Against this backdrop, any large-cap altcoin outperforming the broader market is likely to attract increased speculative interest. The $0.195 support level had been respected toward the end of 2025, but was eventually breached.
The strong selling pressure on FET and across the market in late January-early February saw the altcoin post a local low at $0.134. After months of perseverance, the bulls managed to drive a rally up to $0.276, just over 115% above the February low.
This rally was still within the bearish swing structure, captured by the Fibonacci retracement levels. A rejection from the 78.6% level resulted in strong selling in June.
The OBV has been steadily falling over the past two months, and the RSI was also consistently below neutral 50. Together, these indicators showed more losses are likely for the altcoin.
The 4-hour structure was bearish, with the recent gains coming as part of a dead cat bounce from the $0.134 low. The H4 RSI was at 48.7 and could climb higher, but the OBV has been steadily falling.
A bounce up to $0.149–$0.158 would likely offer a selling opportunity. This short-term bearish bias would be broken by a rally beyond $0.165, but even if buyers reclaim higher levels, the broader trend remains bearish until key resistance is broken.
