The Artificial Superintelligence Alliance [FET] token rallied by 4.54% in the past 24 hours, but was still down 6.52% over the past week. FET’s rebound coincided with Bitcoin’s recovery following the Federal Reserve’s interest-rate decision.
FET’s rebound coincided with Bitcoin’s recovery following the Federal Reserve’s interest-rate decision.
The sentiment in the altcoin market remained largely pessimistic. The total altcoin market cap, excluding Ethereum [ETH], was up 1.48% over 20 hours but has trended lower since the first week of July.
Against this backdrop, any large-cap altcoin outperforming the broader market is likely to attract increased speculative interest.
Can such a surge help set the altcoin up for an uptrend?
FET crypto tests February crash demand zone once more
The $0.195 support level had been respected towards the end of 2025, but was eventually breached. The strong selling pressure on FET crypto and across the market in late January-early February saw the altcoin post a local low at $0.134.
After months of perseverance, the bulls managed to drive a rally up to $0.276. While it was just over 115% above the February low, it was still within the bearish swing structure.
This structure is captured by the Fibonacci retracement levels [yellow]. A rejection from the 78.6% level resulted in strong selling in June.
The OBV has been steadily falling over the past two months, and the RSI was also consistently below neutral 50. Together, they showed more losses are likely for the altcoin.
Traders’ call to action- Sell the bounce
The 4-hour structure was bearish, but the recent gains come as part of the dead cat bounce from the $0.134 low. The H4 RSI was at 48.7 and could climb higher, but the OBV has been steadily falling.
A bounce up to $0.149-$0.158 would likely offer a selling opportunity. This short-term bearish bias would be broken by a rally beyond $0.165, but even if buyers reclaim higher levels, the broader trend remains bearish until key resistance is broken.
Final Summary
- The FET crypto rally of 4.54% in the past 24 hours was a sign of relative strength against the rest of the market.
- Despite the short-term gains, a FET bounce toward $0.149-$0.158 would likely be a selling opportunity for swing traders.