CandleFocus

FET Bullish Divergence Hints at 45% Surge, Buy Signal?

The article discusses the current state of FET (Artificial Superintelligence Alliance) and its potential for a price surge. After experiencing a significant price drop over the past two months, FET appears to be gaining bullish momentum on both weekly and daily time frames. The article suggests that FET tokens are attracting attention from traders and investors, leading to a potential rebound in the asset's value. Based on historical patterns, there is a strong possibility that FET could increase by 45% in the coming days to reach $1.10. However, some investors have been selling off their FET tokens, as indicated by on-chain analytics. Additionally, traders holding long positions dominate the asset, with leveraged levels ranging from $0.731 to $0.785. This suggests that market sentiment is mixed, with some taking advantage of the bullish momentum while others are driven by fear.

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