After a significant decline in price, the Artificial SuperIntelligence Alliance (FET) crypto token is showing potential for an upside move. It has reached a key price reversal level after a 62% decline amid economic tensions. Technical analysis suggests FET is forming a bullish double-bottom pattern and is at a crucial support level. If it holds above $0.72, there is a possibility of a 45% surge. FET is currently trading above the 200 EMA, indicating an uptrend. On-chain analytics show increased open interest and potential accumulation, creating buying pressure. The token's price has seen a modest surge and increased trading volume in the past 24 hours.
Content Editor ( coinpedia.org )
- 2025-02-10
FET Shows Bullish Reversal After 62% Drop, 45% Rally Imminent?
