Artificial Superintelligence Alliance (FET) has recently seen a price increase after large investors, also known as ‘whales’, bought significant amounts of FET, according to data from Santiment. This accumulation by whales is often seen as a positive signal for the market, which may indicate a bullish phase for the project.
Below we dive into an exclusive technical analysis, sourced from our free Discord community. Here our analysts share their latest insights and analyzes on the crypto market every day, often days before they emerge elsewhere.
Technical analysis Artificial Superintelligence Alliance (FET) price
The FET price seems to have started a new upward trend. This does not rule out that the price may make a small correction in between. The analysts at Crypto Insiders recently explained this in Discord as follows:
“FET recently showed how powerful the golden pocket can act as support. The price has broken out around $1.25, which is a positive development.
Currently, the price appears to be making a retrace towards this zone, which we interpret as a healthy correction within the larger upward movement. This retrace can be seen as a confirmation of the golden pocket before the price moves further up.
Given the current momentum, we expect the price to continue towards the next target of $1.86. It is crucial that the $1.25 zone holds as support. If this retest is successful, there is plenty of room for further growth. In Discord we continue to closely monitor FET and regularly share new updates.
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