Artificial Superintelligence Alliance

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The Artificial Superintelligence Alliance (FET), the leading crypto-AI token is gaining significant attention from crypto enthusiasts following a notable 25% price surge in recent days. Despite this impressive performance, FET is poised for another rally as it has formed a bullish price action pattern on its daily time frame.&nbsp;  
<h2 class="wp-block-heading" id="h-fet-technical-analysis-and-upcoming-level">FET Technical Analysis and Upcoming Level</h2>  
According to expert technical analysis, <a href="https://coinpedia.org/price-prediction/fetch-ai-fet-price-prediction/" rel="noopener noreferrer nofollow">FET</a> recently broke out from a falling channel price action pattern and closed a daily candle above a crucial resistance level and this pattern. This price action has shifted FET’s sentiment from a downtrend to an uptrend.&nbsp;  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/07222130/FETUSDT_2024-11-07_22-21-22.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/07222130/FETUSDT_2024-11-07_22-21-22-1024x449.png" alt="" class="wp-image-377216"></a>
 <figcaption class="wp-element-caption">
 Source: Trading View
 </figcaption>
</figure>  
Following the breakout and candle close, there is a strong possibility that the asset could soar by 25% to reach the $1.78 level in the coming days. However, achieving this 25% rally will not be easy, as there is a minor hurdle at the $1.51 level, which may act as a resistance in the coming days.  
FET's bullish thesis will remain valid only if it stays above the $1.31 level, otherwise, it may fall.  
<h2 class="wp-block-heading" id="h-fet-s-bullish-on-chain-metrics-nbsp">FET’s Bullish On-Chain Metrics&nbsp;</h2>  
<a href="https://www.coinglass.com/currencies/FET" target="_blank" rel="noopener noreferrer nofollow">On-chain</a> metrics further support FET’s positive outlook. According to the on-chain analytics firm IntoTheBlock, large transaction volume for FET has surged by 61%, indicating strong participation from whales and institutions amid bullish sentiment and the recent breakout.  
Additionally, this significant increase in large transactions suggests a bullish outlook for FET holders and points to a potential buying opportunity.  
In addition to transaction volume, FET’s open interest has increased by 8.5% over the past 24 hours, indicating growing trader positions as market sentiment begins to shift.  
As of this writing, FET is trading near $1.41 and has experienced a price surge of over 2.15% in the past 24 hours. However, during the same period, its trading volume dropped by 43%, indicating lower participation from traders and retail investors.

Breakout Alert! FET Price Poised For 25% Rally

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