The price of Artificial Superintelligence Alliance (FET) has seen a 35% surge this month, making September a positive month for the cryptocurrency. However, there has been a short-term decline of 5.46% in the past seven days as investors locked in profits from the recent rally. Despite this, large-scale accumulation is occurring, with crypto whales buying nearly 100 million FET in the last three days. This accumulation coincides with the CUDOS to FET migration and suggests a potential jump in FET's market cap and price. The Coins Holding Time for FET has also increased significantly, indicating bullish sentiment. On the technical side, FET's price is trading near the 20-day Exponential Moving Average (EMA), suggesting a potential rebound if it can break the $1.70 resistance. However, if the token drops below the 20 EMA, the price could decline to $1.33.
- Content Editor ( beincrypto.com )
- 2024-09-30
FET Eyes $2 After Crypto Whales Scoop 100 Million Tokens in 3 Days