Key Takeaways
- FET price jumped 9% in the last 24 hours, breaking above key EMAs on the 4-hour chart
- The token is showing clear recovery signals after hitting lows of $0.35 in early April
- Technical indicators suggest bullish momentum with RSI climbing above 50
- Current resistance level at $0.52 is being tested as FET trades at around $0.51
Recovery Signs Emerge After Extended Downtrend
The Artificial Superintelligence Alliance (FET) is demonstrating strong recovery signs after an extended bearish phase. The token surged 9% in the past 24 hours, with its current trading price at $0.51, according to the latest market data. This price action represents a significant shift in momentum for the token that has been struggling through much of early April.
On the 4-hour technical chart, FET has established a pattern of higher lows and higher highs since bottoming near $0.35 earlier this month. This classic bullish structure suggests a potential trend reversal might be underway.
Technical Indicators Turn Bullish
The recent price action has pushed FET above both the 50-day and 200-day exponential moving averages (EMAs), a technical signal that typically indicates strengthening bullish momentum. This crossover is particularly significant as it often serves as confirmation of a trend shift.
The token’s daily RSI reading has climbed above the pivotal 50-point threshold and currently sits at 54.89 with an upward trajectory. This increasing RSI value, coupled with positive divergence on the daily timeframe, suggests buying pressure is mounting.
Will FET Price Bounce Back?
The FET price exhibited a major downward trend across the daily technical chart starting from December 2024. The price reached its highest point at $2.20 when the market reached that peak price. The token lost about 75% of its value after reaching its peak of $2.20.
However, recent price action suggests the bearish momentum may be exhausting. The RSI indicator has climbed above 50 points on the 4-hour chart and is showing positive divergence on the daily timeframe, currently at 54.89 and trending upward.
Key Levels to Watch
The immediate resistance challenge for FET lies at $0.52, a level that the token is actively testing. More substantial resistance appears in the $0.55-$0.60 range, with the downward sloping trendline on the daily chart representing another hurdle that has capped previous recovery attempts.
For those monitoring support zones, the $0.45-$0.35 range provides the primary safety net, with $0.35 serving as the critical floor that must hold to maintain bullish outlook.
Daily trading volume has surged by 25.27%, providing additional evidence of renewed buyer interest in the token. This increased participation will be crucial for sustaining the recovery attempt beyond immediate resistance levels.
For FET to confirm a genuine bullish reversal, traders should watch for a decisive breakout above the downward trendline and the $0.60 price level in the coming days.