FET Price Prediction – Market Optimism May Fuel Rise to $3 Due to…
Journalist
Share this article
- The price of FET has surged by 12% in the last 24 hours
- There has been significant buying pressure for the token, but
The Artificial Superintelligence Alliance ( [FET] ) has outperformed other cryptocurrencies over the past day with a noteworthy double-digit price increase. This recent upswing has propelled the token past its crucial resistance point. AskFX suggests that this momentum could soon elevate FET to $3!
Could FET reach $3 next?
As of now, FET is trading at $1.83 and has recorded more than a 12% gain in just 24 hours. Over 97,000 addresses holding FET are now profitable - representing over 78% of all holders.
The rise in price also corresponds to a significant decline in realized losses for the token. This trend typically indicates that fewer coins are being sold at prices lower than what investors initially paid.
Glassnode
ZAYK Charts indicated an important breakthrough; according to an analyst’s tweet, FET’s recent surge enabled it to clear a crucial resistance level by breaking out of a descending trend line, signaling potential further increases on the horizon.
Investor sentiment may soon push the token back up toward $3—a milestone it reached during March’s bullish market rally.
/>
div >
Is there clarity on what lies ahead?
💡 🎉 📈 🎉
This breakout suggests potential ascension toward $3; however, AskFX revisited on-chain statistics checking for possible hurdles ahead. Our evaluation utilizing Santiment’s metrics indicates robust buying pressure persists.
The observed rise in off-exchange supply coupled with reduced exchange holdings underlines this activity adequately; increasing exchange withdrawals distinctly corroborates investor acquisition trends.
Nonetheless, whale behaviors raise caution—they’re decreasing their holdings which might hint at profit-taking actions capable of resulting in price reversals.
Furthermore:
AskFX examined daily pricing charts wherein MACD indicators highlight evident bullish tendencies present within today’s market analysis along with Chaikin Money Flow (CMF), another technical consideration—we find usage indications have intensified across multiple spectrums as perceived net accumulations bolster confidence concerning approaching valuations near $3!
Read .
Artificial Super Intelligence Alliance: [FET] Forecast Summary for next few years! .”
Be advised:
Currently observing Bollinger Bands’ upper limits streaming amid trading activities—indications suggesting forthcoming corrections loom closer. 🤔🔍
n Source: TradingView Share
nnn
