Key Takeaways
- FET rallied by 9% over the past 24 hours and climbed beyond its key moving averages on the 4-hour chart.
- The token is exhibiting unmistakable signs of recovery after briefly trading as low as $0.35 in early April.
- Technical analysis points toward emerging bullish momentum, with the RSI surging above 50.
- FET is currently testing the resistance around $0.52 despite trading around $0.51.
- Encouraging signs of recovery surface following an extended downtrend.
Following a prolonged downtrend, the Artificial Superintelligence Alliance (FET) is exhibiting robust signs of recovery. Within the last twenty-four hours, the token rose by roughly 9%, and its current value sits at $0.51, as the latest market data confirms. Such price movement signals a striking turnaround in momentum for the token, which had grappled through most of early April.
The 4-hour chart reveals that FET has been marching through a series of successively higher lows and highs since revisiting its early-month low of about $0.35. Such a classic bullish pattern points to the possibility of a prevailing trend reversal in progress.
Technical Indicators shift to a Bullish Footing
Recent price movements have driven FET past both its 50-day and 200-day exponential moving averages (EMAs), a technical indicator that generally signals a strengthening bullish momentum. The crossover is especially important because it frequently signals the verification of an emerging trend shift.
The token’s daily RSI recently breached the 50-point inflection point and now stands at 54.89 on an upward momentum path. The rising RSI figure, paired with a daily positive divergence pattern, indicates that buying pressure is on the rise.
Could the FET price rebound?
On the daily chart, the FET price entered into a pronounced downturn starting in December 2024. When the market was trading at that peak level, the FET price registered its highest point of $2.20. In the aftermath of peaking at $2.20, the token shed roughly 75% of its value.
Yet the latest price moves hint that the bearish momentum may be nearing its peak. On the 4-hour chart, the RSI metric has exceeded 50, returning positive divergence on the daily chart and currently sitting at 54.89 while trending upward.
Main Levels to Monitor
FET’s earliest hurdle in the resistance department anchors at the $0.52 level, which the token is presently testing. More formidable resistance is clustered in the $0.55–$0.60 area, where a descending trendline on the daily chart serves as an additional barrier that has blocked prior recovery attempts.
As far as support-zone watchers are concerned, the pivotal safety net is situated between $0.45 and $0.35, with $0.35 acting as the pivotal bottom that must be defended to preserve the bullish outlook.
Daily trading volume has swelled by 25.27%, further corroborating the return of buyer interest toward the token. Positive participation of this magnitude will be indispensable for the recovery effort to persist beyond the immediate resistance levels.
In the coming days, to verify that FET is actually entering a bullish reversal, traders should monitor for a decisive breakout that clears the downward trendline and the $0.60 price lever.