Current Price: ~$0.72 USDT, up $135āÆM)
Daily Channel: Trading between $0.69ā$0.73 USDTāclose to this weekās range high
Technical Overview:
Investing.com rates it a Strong Buy on daily chartsā11 of 12 EMAs giving buy signals; RSI ~68 indicating bullish momentum
TradingView tech summary shows neutral overall, but moving averages lean sellāwatch for confirmation
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š§ Whatās Fueling the Move?
Token Merger & Rebrand: The FET/OCEAN/AGIX merge into the new ASI token has been fully activatedāBinance users saw token conversions and listing updates midā2024
Whale & Institutional Interest: Social buzz around TRNR backing with a $500āÆM AI token treasury highlights rising bigāplayer interest
Onāchain & Volume Surge: Coingecko reports $156āÆM+ daily volumeāa 63% riseāsignaling increased trader activity
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š Technical Outlook & Trade Ideas
š§ Strategy š° Entry Zone šÆ Targets š StopāLoss
Bullish Continuation On sustained breakout above $0.73ā$0.74 $0.80 ā $0.90 Below breakout wick (~$0.70)
Range Bounce Between $0.69ā$0.70 support $0.75 ā $0.78 Below $0.68
Dip Buyer On deeper pullback near $0.65ā$0.66 $0.75 ā $0.80 Below $0.64
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š” Tips for Square Family Traders
ā Trade the Momentum: Use daily chart momentumāreturn to $0.80 starts after breakout.
šÆ Volume Confirms Moves: Look for strong volume with price movesāespecially near breakout or support zones.
š” Smart Risk Controls: Tight stops (~1ā2% risk) are key when dealing with volatile AI tokens.
š Stay AI-Savvy: News of AI treasury strategies (like TRNRās) can quicken FET movesākeep tabs.
š¬ Share & Grow Together: Post your setups with charts, use #BinanceSquare, and help each other refine ideas!
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š Final Take
FET is showing strong bullish signs: daily moving averages green-lit, solid volume, and a fresh narrative thanks to the ASI merger and AI token treasury interest. What to watch:
1. Breakout above $0.74 with volume = potential rally to $0.80+
2. Support holds at $0.69ā$0.70 = chance for bounce into range top
3. Big pullback near $0.65 = deeper dip-buy opportunity
Keep setups clear, risk managed, and vibe positive. Share your chart ideas and letās elevate togetherāSquare Fam style! šāØ
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