Is $FET preparing for a rebound? Whale activity skyrockets by 3610%!
In the world of cryptocurrency, FET (Artificial Intelligence Super Intelligence Alliance Token) has shown remarkable performance recently.
Currently, FET is at a critical stage, testing the key resistance level of $1.49. After breaking through the downward trend line resistance, FET has been in a bullish rebound. However, the resistance level of $1.49 has become a barrier for its continued rise.
Notably, there has been an astonishing surge in large transactions of FET, with an increase of up to 3610%. This phenomenon indicates that institutions or large investors are beginning to take a strong interest in the FET ecosystem, which is undoubtedly an important sign of confidence in the future performance of this token.
Meanwhile, the number of active addresses for FET has also shown significant growth, with an increase of 15.52%. Generally, an increase in active addresses means more users are trading or using the token, injecting strong momentum into FET's price trend and reflecting the growing interest and participation of users in FET.
The next few days are crucial for FET. If it can successfully break through the resistance level of $1.49, it is likely to trigger a new round of rebound; conversely, if it fails to break through, it may face a short-term correction.
Overall, the development trend of FET is worth our close attention. Whether investors or industry observers, they should continuously monitor FET's trends to make informed decisions at the right time.
