FET climbs 11.24% toward $0.2100 supply zone as spot volume surges

  • FET climbed 11.24% to $0.2012 as spot participation increased.
  • Spot volume rose 35.69% in 24 hours during FET’s price recovery.
  • Exchange reserves increased 14.01% to roughly $41.7 million, according to CryptoQuant.

Superintelligence Alliance [FET] rose 11.24% to $0.2012 at press time as stronger spot participation propelled the AI token toward the $0.2100 supply zone. Spot volume increased 35.69% over 24 hours, while FET recovered from its August lows and reclaimed several contested levels after moving above the $0.1742 resistance level. The recovery coincided with a 14.01% increase in exchange reserves to roughly $41.7 million, according to CryptoQuant, increasing the amount of tokens immediately accessible through exchange wallets without proving that holders had begun selling. Derivatives positioning was more bullish: Binance top traders held 72.89% long accounts against 27.11% short accounts, producing a 2.69 long/short ratio, while FET’s OI-weighted funding rate rose to 0.0166%. The positive funding rate indicated that long-position holders were paying shorts, although the crowded positioning increased the risk of volatility if the $0.2100 area rejected the rally. FET’s MACD (momentum indicator) also strengthened, with the MACD line at 0.0091 above its 0.0059 signal line and expanding green histogram bars. A decisive daily close above $0.2100 could open a path toward $0.2538, while failure to absorb supply could send FET back toward the $0.1742 support. The $0.2100 zone remains the key test for validating the bullish recovery.

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