FET, the token of the Artificial Superintelligence Alliance, surged 15.5% to $0.238, driven by a rally in the AI sector. The altcoin defended the $0.20 level and reached a local high of $0.239, reflecting strong upside momentum as it flipped its 9-day moving averages. This price movement comes amid a broader resurgence in AI tokens, with significant capital inflows into the sector.
Over the past 24 hours, FET experienced a net outflow of 1.5 million tokens from exchanges, indicating reduced selling pressure and increased scarcity. Despite this, whale activity remains bearish, with large market players selling between $0.20 and $0.22, potentially dragging down the market. If demand persists, FET could target $0.30, though the threat of a pullback remains.
FET Jumps 15.5% Amid AI Sector Resurgence, Targets $0.30
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