The price of FET (Fetch.ai) has been influenced by shifting market sentiment following CUDOS' addition to the Artificial Superintelligence Alliance. However, concerns have emerged about the increasing presence of short-term holders, who may introduce volatility to FET's price. The rise of these holders on the ASI network is a growing concern as they now control over 9% of FET's circulating supply. If these holders decide to book profits quickly, it could create downward pressure on FET's price. However, from a technical perspective, the ASI token is showing signs of building bullish momentum, with a potential Golden Cross forming. This could reinvigorate market confidence in FET and support further price growth. FET has seen a 14% increase since CUDOS joined the ASI, but investor sentiment remains cautious. Currently trading at $1.46, FET may consolidate below resistance at $1.71 while maintaining support at around $1.40. However, if FET can break through the resistance and flip it into support, it could lead to a potential rally and a price increase of 33%.



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