- FET has risen by 13% in the past week, after a robust rebound from a weak Q1, as experts cite a bullish break of a falling wedge pattern.
- According to World Of Charts, FET has set its sights on key resistance levels at $0.57 and $0.80 if the momentum continues to rise.
AI tokens have seen unchecked growth in the past year, with blockchain and artificial intelligence technologies both experiencing new momentum. Leading the pack here is Artificial Superintelligence Alliance (FET), a token designed to facilitate a decentralized, intelligent economy where smart AI agents perform transactions without any interference from humans.
FET has several critical functions, including driving network usage, enabling users to participate in decision-making, and compensating developers. The combination of utility and vision has attracted heavy developer and investor attention.
Price Action and Market Sentiment
FET has recently recorded robust performance, appreciating by 13.47% in the past week to stand at a current price of $0.5265, a 2.04% appreciation in the past 24 hours. Its market capitalization now stands at $1.21 billion, from the overall upturn of the broader crypto market following a protracted bearish streak.
This pace has also been echoed by analysts, and World Of Charts has noted that FET is already showing good profits and is likely to further go up to its next level of resistance at $0.57.
Once this level breaks, the token may head for the next target of around $0.80.
Earlier, World Of Charts highlighted a major technical setup for FET, pointing to a falling wedge formation and a test of its downtrend line resistance, a break of which would send the token to $1 “in a couple of days.” On an even more positive forecast, they went as far as to speculate that FET could hit $5 in the desired altseason, reflecting growing market belief in its long-term prospects.
On-chain metrics also support this optimism, as 34% of FET holders have held their coins for over one year, 63% have held theirs for less than twelve months, and only 3% have joined recently. The network also witnessed $41.93 million of whale-sized transaction volume in the previous week, indicating increased interest from whales and institutional investors.
In the future, forecasts are optimistic but cautiously so: CoinCodex places FET’s price in June 2025 between $0.48874 and $0.501615, its average being $0.495378, while Changelly provides a more optimistic forecast with an average price of $0.6865 for the same period.
As CNF recently reported, Fetch.ai released the ASI-1 Mini, taking a step in the direction of making artificial intelligence more available and streamlined. In contrast to more heavyweight AI models that need heavy computational resources, the ASI-1 Mini operates on fewer hardware requirements. As one X user commented, “ASI-1 Mini by Fetch.ai just made my day. Voice chat is fast, smart, and addictive. Feels like the future.”
