FET Recovery: Artificial Superintelligence Alliance (FET) Is One of the Top Gainers Today, Registering a 10% Increase Within the Last 24 Hours.

This FET recovery contradicts its performance in October, when its price decreased by 13.39%. Following this rebound, on-chain data shows that the altcoin could be working toward wiping out those losses.

Artificial Superintelligence Alliance (FET) has seen a remarkable recovery, registering a 10% gain in the last 24 hours, emerging as one of the top gainers today. This contrasts sharply with FET's performance in October, when its price experienced a 13.39% decline.

Now, as FET recovers, on-chain data provides valuable insights into the altcoin's price movements and potential future trajectory.

Artificial Superintelligence Alliance Coin Sees Buying Pressure

On the 4-hour chart, FET's price, which stood at $1.10 yesterday, has surged to $1.25 as of press time. This significant rise in buying pressure has played a crucial role in the altcoin's price appreciation.

The Bull Bear Power (BBP) has finally shifted to the positive region after remaining in the red area since November 1. The BBP showcases whether the strength of buyers is greater than that of sellers.

When the reading is negative, bears have the upper hand. In this instance, bulls are in control. If this remains the same, we can expect the altcoin's value to continue climbing.

Another indicator suggesting a rapid FET recovery is the Money Flow Index (MFI). The MFI, which measures buying and selling pressure by analyzing price and volume data, has shown a positive trend for FET.

A rising MFI indicates increased buying pressure, which supports the likelihood of continued price growth as demand for the asset strengthens. If bulls sustain this momentum, the altcoin's price might continue to rise.

FET Price Prediction: Token to Encounter Resistance

According to the IntoTheBlock In/Out of the Money Around Price (IOMAP) model, there is only one significant resistance level for FET at $1.28, where 3,590 addresses hold 616.89 million tokens.

Surpassing this level could open up further upside potential. The IOMAP tool categorizes addresses by whether they are making a profit, breaking even, or incurring losses at the current price

This accumulation zone acts as a key psychological barrier. The volume of tokens accumulated here is notably higher than the amounts held between $1.06 and $1.25, signaling that if buyers manage to push the price beyond $1.28, FET could gain strong momentum.

If buying pressure continues to increase, FET could rally all the way to $1.44. However, if bulls fail to breach the resistance, the altcoin price might pull back, and FET could drop to $1.10.

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