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FET Shows Strong Recovery Amid AI Token Momentum
FET surged 8.3% today, riding a wave of technical strength and narrative tailwinds in the AI sector. The move reflects a broader shift in market dynamics as traders rotate back into alternative tokens.
What's Driving the Rally
On the technical side, FET has broken through key moving averages with MACD turning green—classic signals of bullish momentum. Fibonacci retracement levels are aligning favorably, suggesting room for further upside. Beyond the charts, real-world utility metrics matter here: ASI cloud usage is accelerating, indicating genuine adoption rather than pure speculation.
Market Context
The timing isn't random. Bitcoin dominance has retreated slightly, which typically opens the door for altcoin season. FET is benefiting from this rotation as investors search for alternative entry points.
Price Levels to Watch
The $0.21 support level remains critical—as long as the price holds above it, the bullish case stays intact. Break above key resistance could trigger the next leg higher, though volatility remains a given in this space.