FET token has surged over 25% in the past week, driven by renewed interest in AI-focused cryptocurrencies. The token, associated with the Artificial Superintelligence Alliance, climbed nearly 14% in the last 24 hours, reaching approximately $0.243. This rally has seen FET reclaim key technical levels, including the 20-day EMA at $0.211 and the 0.618 Fibonacci retracement level at $0.224. Technical indicators suggest a bullish momentum as FET approaches the 50-day EMA, with the Supertrend indicator showing support near $0.19. Traders are closely watching the resistance range between $0.234 and $0.248, with a potential breakout paving the way for a move towards $0.26. However, cautious market sentiment persists, as indicated by mixed spot flows and a measured recovery in open interest, which remains around $96 million, down from previous peaks.
FET Token Surges 25% Amid Renewed AI Sector Interest
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