The Artificial Superintelligence Alliance (FET) has seen an increase in whale transactions and institutional investor interest, leading to a surge in its price. Despite a recent retracement, FET has reclaimed its weekly close and could potentially rise to $1.44, according to analysts. The token has also shown bullish signs, including an inverse head and shoulders pattern and breaking a descending resistance trendline. However, traders are advised to wait for FET to break above $1.48 before accumulating, as its 200-day exponential moving average remains a tough resistance level. While retail traders have influenced FET's trading volume, the token's price has been supported by its large-wallet holders, who hold two-thirds of the token. This concentration of ownership raises concerns about centralization, and the whales' profit-driven mentality means they could easily move to another project, potentially causing a decline in FET's price.



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