FET surges 16% to three-month high near $0.23 as spot buying strengthens

  • Artificial Superintelligence Alliance’s FET reclaimed $0.20 and reached a three-month high near $0.23.
  • FET traded around $0.229, up 16%, while Daily Turnover reached $61 million.
  • CryptoQuant recorded approximately 241,000 FET of net exchange outflows after two positive days.

Artificial Superintelligence Alliance’s FET rebounded from $0.19, reclaimed $0.20 and reached a three-month high near $0.23. The token traded around $0.229 at press time, up 16% over 24 hours, as volume rose 44% and Daily Turnover reached a three-month high of $61 million. Spot market data pointed to stronger demand: Coinalyze recorded Spot Buy Volume of 123 million FET and a Delta above 9 million FET, meaning buying exceeded selling across the measured markets. CryptoQuant data also showed Exchange Netflow turning negative at about -241,000 FET after two consecutive positive days, indicating that more tokens left exchanges than entered them. Derivatives activity increased, with volume climbing 63% to $272 million and Open Interest (the value of outstanding futures positions) rising 21% to $125 million. Binance traders showed a Long/Short Ratio above 2, but the overall ratio remained below 1, indicating that bullish positioning had not spread across the broader derivatives market. Directional indicators and FET’s Relative Strength Index (RSI, a momentum gauge) remained bullish. If spot demand continues, FET could hold $0.23 and move toward $0.28; renewed profit-taking could instead bring another test of $0.20.

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