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Artificial Intelligence Alliance Reverses Slump: Potential for FET to outperform $1?

Altcoin FET experiences a 9.10% increase in value over the past day. The surge is attributed to increasing interest from whales, retailers, and the user base, fueling the altcoin's upward trend.

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Increased demand from whales, retailers, and user base propels a 9.10% rise in FET over the past 24...
Increased demand from whales, retailers, and user base propels a 9.10% rise in FET over the past 24 hours, bolstering the altcoin's uptrend.

Artificial Intelligence Alliance Reverses Slump: Potential for FET to outperform $1?

Artificial Superintelligence Alliance's (FET) Bull Run: What's Driving the Surge?

  • FET breaks out of a multi-month slump, shooting up to a 3-month high of $0.85, reflecting renewed bullish sentiment.
  • Amplified by whales, retailers, and network activity, FET's sharp rally is fueled by robust demand.

Artificial Superintelligence Alliance [FET] has shattered a multi-month slump, soaring to a 3-month high of $0.85.

Currently, FET is trading at $0.8476, marking a robust 9.10% increase in 24 hours.

Since striking $2.2 in December 2024, FET has been sliding within a descending channel below $1. But with the crypto market recuperating, FET's AI-focused token has witnessed a substantial uptick in its price charts.

Over the same period, FET's trading volume skyrocketed by 47.06%, peaking at $295 million. Now, the question remains: what's propelling this rally?

What propels FET's rally?

Accumulating evidence suggests two significant factors are contributing to the altcoin's price increase—network expansion and investor demand.

Our analysis reveals a dramatic increase in FET's network adoption and growth. Daily Active Addresses reached 1.3K, hitting a 2-month high, while Network Growth spiked to 398, returning to March levels.

Source: Santiment

The second factor is the escalating demand from whales and retail investors. Traders across the spectrum are diving back into the market, with whales and retail investors primarily fueling this upward momentum.

Looking at FET's Spot Buy vs. Sell volume, retail traders have amassed 4.4 million tokens with a positive delta of 989k, indicating active buying from retail investors.

This buying activity is strikingly evident among FET whales.

According to IntoTheBlock, whales bought 21.2 million tokens over the previous day, resulting in a positive capital inflow of 8.11 million tokens for large holders.

Source: IntoTheBlock

Such a surge in inflow indicates that whales are aggressively buying more than they are selling, demonstrating strong accumulation behavior. When whales start accumulating, it often indicates rising confidence in the market, anticipating further price increases.

Consequently, network growth and actual demand have catapulted FET out of a sturdy downtrend.

! Spoiler Alert: Up or Down?

Given the evidence above, the Artificial Superintelligence Alliance token is witnessing robust demand from all market participants.

As adoption continues to rise, FET's scarcity is also surging, as indicated by the Stock-to-Flow Ratio. Historically, increasing scarcity during periods of investor accumulation has typically preceded a price rally[4].

If sentiment holds, FET could attempt a clean break above $1 and target $1.20 shortly. However, there is still a caveat. Investors locked in earlier during the downtrend could potentially cash out, leading to a price contraction before FET finds support and potentially aiming for the $0.73 price level.

  • Based on network expansion and increasing demand from both whales and retail investors, the Artificial Superintelligence Alliance's FET token has broken out of a multi-month slump, reaching a 3-month high of $0.85.
  • The rally is backed by robust demand, as evidenced by a sharp increase in trading volume and a positive delta in retail token accumulation.
  • Whales appear to be aggressively buying FET, generating a positive capital inflow of 8.11 million tokens for large holders, signaling strong accumulation behavior.
  • The rise in adoption and scarcity of FET, as shown by the Stock-to-Flow Ratio, could potentially push the price towards $1.20 if sentiment remains strong.
  • However, it is crucial to remember that investors who bought earlier during the downtrend might opt to cash out, leading to a price contraction before FET finds support and potentially stabilizes around the $0.73 price level.

[4] This information refers to the historical precedent of increasing scarcity during periods of investor accumulation typically leading to a price rally.

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