Altcoin News The Artificial Superintelligence Alliance (FET) price is demonstrating recovery signs, breaking above key EMAS on the 4-hour timeframe.
FET price increased 9% in the past 24 hours, suggesting bullish momentum.
The Artificial Superintelligence Alliance (FET) price is demonstrating bullish moves as its price surged 9% in the last 24 hours. FET price is showing signs of recovery on both daily and 4-hour timeframes after a prolonged downtrend.
On the 4-hour technical chart FET price is displaying a clear recovery attempt after reaching lows near $0.35 in early April. The price has created successive higher lows and higher highs following its bottom, which indicates a possible trend change.
The FET resistance level at $0.52 faces testing as the price surpasses both the 50-day and 200-day exponential moving averages, indicating bullish momentum. According to CMC data, Artificial Superintelligence Alliance is currently trading at $0.51 with an intraday surge of 9%. Its daily trading volume has surged by $25.27%, indicating buyers presence.
Will FET Price Bounce Back?
The FET price exhibited a major downward trend across the daily technical chart starting from December 2024. The price reached its highest point at $2.20 when the market reached that peak price. The token lost about 75% of its value after reaching its peak of $2.20.
However, recent price action suggests the bearish momentum may be exhausting. The RSI indicator has climbed above 50 points on the 4-hour chart and is showing positive divergence on the daily timeframe, currently at 54.89 and trending upward.
Key resistance levels to watch include the downward sloping white trendline visible on both charts, which has capped previous recovery attempts. A breakout above the downward trendline and the $0.55-0.60 range will indicate robust bullish price action. The support zone ranges from $0.35 to $0.45, while the $0.35 level stands as the most important support point.
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