The Artificial Superintelligence Alliance (FET) token declined 4.03% in 24 hours to $0.2310, an apparent corrective move following a 26.74% weekly gain. Analysts identify a key support zone between $0.204 and $0.190 as crucial for the token’s next directional move, with momentum indicators suggesting a short-term pause may precede further bullish action.
The Artificial Superintelligence Alliance (FET) token has declined by 4.03% over the past 24 hours, reflecting short-term selling pressure. Despite this, the broader weekly trend remains strongly bullish with a 26.74% gain.
Data from CoinMarketCap shows the token trading at $0.2310 with a 24-hour volume of $148.84 million. The market capitalization stands at $523.38 million, down 3.19% over the same period.
Analyst More Online Crypto notes the price is in a corrective wave after being rejected near $0.23. “The retracement between $0.204 and $0.190 is a significant point for buyers to enter, as it represents a 38.2% and 50% retracement.”
The analyst states a hold above $0.19 could initiate a new wave targeting $0.30. A drop below that support, however, risks a fall back toward the $0.15 to $0.13 demand zone.
Momentum indicators point to continued strength alongside a potential short-term pause. The RSI is at 67.97 and approaching overbought territory, according to a TradingView chart.
The MACD shows a bullish crossover with an increasing histogram, confirming the uptrend. The slowing growth rate of the histogram may indicate an impending consolidation phase for the token.
