Overview
- FET traded near $0.23 after a strong daily bounce, with roughly $79–$200 million in volume and a market cap around $520 million as Binance handled the deepest liquidity.
- On-chain data showed a roughly 12% rise in addresses holding 10,000–100,000 FET over the past week, pointing to steady accumulation by mid-sized holders.
- Fresh flow readings showed about 1.5 million FET in net outflows and a drop in exchange reserves to 384 million, a 2024 low that often signals lighter near-term sell pressure.
- Large traders have sold into the $0.20–$0.22 area, according to spot order data, which has kept rallies in check despite broader gains in AI-linked coins.
- Traders are watching the $0.25–$0.28 resistance that many models treat as a trigger, while FET’s role in the Artificial Superintelligence Alliance and its 93% gap to the $3.45 peak frame the longer-term upside and risk.