- FET crypto outperformed BTC, ETH and other major assets with 7.5% upside momentum in the past 24 hours.
- 80.23% of top traders on Binance built long positions, while 19.77% built short positions.
Alliance for Artificial Super Intelligence [FET] is making waves in the cryptocurrency realm following the formation of bullish price action and a recent price rally.
Current market sentiment seems confusing as Bitcoin [BTC] is approaching the $100,000 mark again with an impressive upside momentum of 1.36%, while other cryptocurrencies seemed to struggle.
FET crypto outperforms BTC, ETH
Amid this market uncertainty, FET has recorded 7.5% upside momentum over the past 24 hours. This led to a significant increase in trading volume of 92.5% over the same period.
According to on-chain analytics firm Coinglass, FET appeared bullish, with long-term holders and traders going long.
Market sentiment is driving the FET’s rise
Spot inflow/outflow data shows that exchanges have witnessed an outflow of nearly $1 million worth of FET tokens in the last 24 hours.
In cryptocurrency, outflows refer to the movement of assets from exchanges to wallets, which is considered a bullish sign. This can create upside momentum and increase buying pressure on the asset.
In addition to the recent accumulation by long-term holders, traders have also shown significant interest in the altcoin, making notable long-term bets.
Coinglass’s Binance Long/Short Ratio was 4.06 at the time of writing, reflecting strong bullish market sentiment among traders.
Source: Coinglass
Data further shows that 80.23% of top traders on Binance have built long positions in the past 24 hours, while 19.77% have built short positions.
Technical analysis and key levels
According to AMBCrypto’s technical analysis, FET recently broke out of a tight consolidation zone and started rising.
The asset has retested the 200 Exponential Moving Average (EMA), indicating a successful breakout and potential upside momentum.
Source: TradingView
Read the Artificial Superintelligence Alliance’s [FET] Price forecast 2025–2026
Based on the recent price action and technical analysis, there is a high probability that FET could rise by 30% to reach the $2.05 mark in the near future.
Furthermore, FET’s Relative Strength Index (RSI) stood at 56 at the time of writing, indicating it is below the overbought zone and hinting at further upward momentum in the coming days.
