Artificial Superintelligence Alliance Bulls Stay Strong - learn2trade
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Artificial Superintelligence Alliance (FET) Bulls Stay Strong

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Azeez Mustapha

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The Artificial Superintelligence Alliance token has managed to register a continued upward movement in its price. The coin has gained an additional 4.34%, suggesting that further upside moves may still be possible.

FET Statistics

Current Price: $0.3025

Market Capitalization: $685.78M

Circulating Supply: 2.31B

Total Supply: 2.71B

CoinMarketCap Rank: 77

Key Levels

Resistance: $0.3500, $0.4000, $0.4500

Support: $0.3000, $0.2750, $0.2500

Artificial Superintelligence Alliance (FET) Bulls Stay Strong

Artificial Superintelligence Alliance Clinches More Gains

Since the FET token rebounded at the start of the new year, price action in this market has continued to trend upward. However, during the previous week, the market pulled back toward the 9-day Exponential Moving Average (EMA) before quickly rebounding.

Today’s trading activity suggests that price action may be breaking further upward above the 9-day EMA. The Stochastic Relative Strength Index (SRSI) lines are mostly moving sideways around the 80 level, while the terminal ends of the indicator are gradually beginning to turn upward.

Artificial Superintelligence Alliance (FET) Bulls Stay Strong

FET Buyers Stay at an Advantage

On the 4-hour price chart, the Artificial Superintelligence Alliance token can be seen registering a pullback during the ongoing session. Despite this retracement, trading activity remains above the 9-day EMA curve.

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FET Buyers Stay at an Advantage (Continued)

Meanwhile, the SRSI indicator lines can be seen turning downward after reaching the 80 level.

This follows a bearish crossover that occurred just below the 80 mark. The ensuing lines are now dropping toward the 50 threshold of the indicator.

Nevertheless, if the 9-day EMA holds as support, price action in this market may rebound upward toward the $0.3500 level.

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