- Artificial Superintelligence Alliance has a bullish look after reclaiming local resistance as support.
- It can collect another 27.7% if the purchasing pressure can continue to climb.
Artificial Superintelligence Alliance [FET] has set 53% in 11 days. At the same time, Bitcoin [BTC] Has won just over 10%. Can Fet Bulls prepare for a rally?
FET shows signs of bullishness after climbing past $ 0.566
Source: FET/USDT on TradingView
Bullish market structure is up to the 1 -day period. However, it has been on a long -term downward trend, so that investors can wait a while before they buy.
Swing traders can look for long positions, because the price is above the $ 0.566 level that marked the recent lower high.
In the north, the next lower high of interest rates was $ 0.75, making it the next price target. Furthermore, there were several important horizontal resistance levels.
On average in white, the $ 1.05 and $ 1.25 had been particularly important in 2024.
The DMI showed that the Bearish trend was replaced by a bullish. The ADX (yellow) and the +di (green) were both above 20 to indicate a strong in progress.
The CMF was at +0.04. A relocation beyond +0.05 would indicate significant inflow of capital and increased purchasing pressure.
The MacD was about to make a bullish zero line crossover, which would be another sign of copper dominance. In general, it seemed likely that token the artificial super intelligence Alliance would climb higher.
The 3-month liquidation heat showed that the following magnetic zones amounted to $ 0.6- $ 0.63 and then at $ 0.85. The liquidation levels were scarce towards the disadvantage.
This was an indication that FET would probably be raised higher in the coming days and weeks. Traders must be wary, because the findings of the Heatmap do not exclude in the short term volatility and pullbacks.
In recent days, the Taker Buy/Sell Volume has almost been the same. This indicated that the market participants on both sides were just as convinced to go long or short.
After a few weeks of Beerarish dominance, this balance could precede a bullish trend.
The Bitcoin trend can have a heavy influence on the price movements of FET. Traders have reason to be bullish, but risk management would remain critical as always.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
