The Artificial Superintelligence Alliance (FET) token has surged over 14% in 24 hours, breaking above a long-term descending trendline. Analysts view this as a potential bullish reversal, identifying $0.30 and $0.45 as key resistance levels if the momentum continues.
The Artificial Superintelligence Alliance (FET) token rose approximately 14.12% amid heightened trading activity. Data from CoinMarketCap shows FET trading at $0.1957 with a 24-hour volume of $184.84 million, a 93.17% increase.
Crypto analyst Clifton Fx stated, “FET has decisively broken out above its long-term downtrend line since September, which is a bullish sign.” The analyst identified support between $0.178 and $0.180, with resistance near $0.30 and $0.45.
From a technical perspective, the daily chart shows recovery from a prolonged downtrend. Key upside targets are identified at $0.200, $0.216, $0.240, $0.280, and $0.318.
The breakout suggests a potential change in market structure, possibly encouraging more technical traders. Increased volume and interest in AI-focused crypto projects could support further bullish momentum if market conditions remain favorable.
