FET, the token of the Artificial Superintelligence Alliance, has broken below its 21-Day Moving Average amid escalating trade tensions between President Trump and European nations. Despite this bearish signal, the token maintains support between $0.1094 and $0.1199, suggesting a potential accumulation phase as institutional investors quickly buy up dips.
The geopolitical friction, sparked by Trump's tariff threats against eight European countries over Greenland acquisition ambitions, has impacted global markets, including cryptocurrencies. However, crypto analyst Michaël van de Poppe notes that FET's resilience and underlying demand could lead to a bullish reversal, with a break above the 20-Day MA targeting $0.26-$0.28. This aligns with FET's strong fundamentals in AI and Web3, potentially positioning it for recovery despite macroeconomic headwinds.
FET Holds Support Amid Trump-Europe Trade Tensions, Eyes Rebound
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
