Current price: ~$0.72 USDT, up $135M)
Daily channel: trading between $0.69–$0.73 USDT - close to the upper range for this week
Technical outlook:
Investing.com rating indicates strong buy on daily charts - 11 out of 12 moving averages signal buy; RSI ~68 indicates bullish momentum
Technical summary on TradingView shows generally neutral, but moving averages lean towards sell - watch for confirmation
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🧠 What drives the movement?
Token merger and rebranding: The merger of FET/OCEAN/AGIX into a completely new ASI token has been activated - Binance users saw token transfers and listing updates in mid-2024
Whale and institutional interest: Social buzz around TRNR support with a $500M AI token treasury highlights increased interest from big players
Increase in on-chain activity and volume: Coingecko reports daily volume exceeding $156M - a 63% increase - indicating rising trader activity
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📈 Technical outlook and trading ideas
🧭 Strategy 💰 Entry area 🎯 Targets 🔐 Stop loss
Bullish continuation on sustained breakout above $0.73–$0.74 $0.80 → $0.90 below breakout wick (~$0.70)
Range rebound between support $0.69–$0.70 $0.75 → $0.78 below $0.68
Buyer on dip at deeper retracement near $0.65–$0.66 $0.75 → $0.80 below $0.64
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💡 Tips for Square family traders
✅ Momentum trading: Use daily chart momentum - return to $0.80 begins after breakout.
🎯 Volume confirms movements: Look for strong volume with price movements - especially near breakout or support areas.
🛡 Smart risk controls: Tight stops (~1–2% risk) are key when dealing with volatile AI tokens.
🌐 Stay aware of AI: News on treasury strategies related to AI (like TRNR) can accelerate FET movements - stay tuned for updates.
💬 Share and grow together: Post your setups with charts, use #BinanceSquare, and help each other refine ideas!
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📌 Final outlook
FET shows strong bullish signs: daily moving averages lit up in green, strong volume, and fresh narrative thanks to ASI merger and treasury interest in AI tokens. What to watch:
1. Breakout above $0.74 with volume = potential rise to $0.80+
2. Support holds at $0.69–$0.70 = opportunity for a rebound to the upper range
3. Major retracement near $0.65 = deeper buying opportunity
Make the setups clear, risks managed, and the atmosphere positive. Share your thoughts on the chart and let's elevate together - Square family style! 💙✨
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