Smart money betting on FET? Price presses against key resistance after stealth accumulation

cryptonews.net 23/07/2025 - 11:57 AM

FET Token Shows Strength Towards $1 Target

The Artificial Intelligence Alliance’s FET token is currently showing strength as it tests a critical resistance zone after a period of accumulation, with a target of $1.

Summary

  • FET price has established a strong accumulation base between $0.56 and $0.90, now approaching key resistance around $0.85-$0.90.
  • Technical indicators suggest a potential breakout towards the psychological $1.00 mark.
  • Smart money appears to be accumulating FET ahead of significant product launches within the ASI Alliance ecosystem.

The Artificial Intelligence Alliance (FET) token has been trading within a narrow range since bottoming at $0.56 on June 22, establishing what seems to be an accumulation base on the daily chart. Recent bullish price action indicates that FET is now coiling just below a crucial horizontal resistance zone between $0.80 and $0.90, a level that has previously thwarted breakout attempts. A confirmed break above this zone could lead towards the $1.00 milestone, which aligns with the peak of the previous rally on May 23.

Technical indicators bolster the prospect of a breakout. Although there was a pullback from a local high of $0.89 reached two days prior, the price remains above the 20-day EMA ($0.79), which has acted as dynamic support during the accumulation phase. Furthermore, the momentum indicator MACD has kept a bullish crossover since June 2025, with the histogram consistently showing green bars.

Source: crypto.news

For additional context, the FET token serves as the unified native asset of the ASI Alliance, comprising SingularityNET, Fetch.ai, Ocean Protocol, and the latest addition, CUDOS. The accumulation of FET might indicate that investors are eyeing the token as a strategic entry point prior to key product rollouts.

Interestingly, Singularity Finance, the financial arm of the ASI Alliance, has recently published its H2 2025 roadmap, detailing major product launches such as AI-powered portfolio tools, diversified yield vaults, and autonomous trading agents that execute trades automatically without users needing to write code.

You might also like: Interview | SingularityNET’s Dr. Ben Goertzel on AGI, crypto, and the end of jobs.




Comments (2)

    avatar

    Glory Ewuzo

    00:27 - 24/07/2025

    Roadmap invest

    avatar

    Glory Ewuzo

    00:27 - 24/07/2025

    Roadmap invest

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