Altcoins News
By Julie Binoche
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The price of Artificial Superintelligence Alliance’s native token, FET, has reached a critical point as it repeatedly fails to break through the $0.90 resistance level.
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Over the past month, FET has shown signs of strength on the higher timeframes. The token has steadily formed higher highs and higher lows since mid-April, a classic indication of…
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The main obstacle facing FET is the strong resistance band between $0.90 and $1. This area has consistently rejected the token’s upward attempts, halting further gains and…
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On shorter timeframes, such as the 4-hour chart, FET has settled into a tight trading range. Prices are currently fluctuating between $0.805 and $0.94.
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What makes this situation particularly precarious is the emerging evidence of a liquidity build-up just below the $0.80 support level.
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This setup makes a drop toward the $0.76 to $0.80 range increasingly likely, especially if trading volumes remain low and momentum continues to wane.
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In contrast, there is a smaller area of liquidity near $0.89, indicating that the price might briefly move upward to collect liquidity before heading down.
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Adding to this cautious outlook is Bitcoin’s current positioning. The broader cryptocurrency market remains heavily influenced by Bitcoin’s movements, and BTC is currently…
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Still, not all hope is lost for FET bulls. If the token manages to hold above the $0.80 support level and gains renewed buying interest, there remains a slim chance of a push…
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In summary, while FET has shown a solid bullish foundation in recent weeks, its inability to overcome key resistance at $0.
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