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- FET was trading within a bullish pattern, which could propel its price to higher levels.
- There was significant involvement from large investors, potentially driving the anticipated upward trend.
Artificial Superintelligence Alliance [FET] recently experienced a 7.65% price increase, reaching $1.88. This positive movement was accompanied by notable growth in trading volume and market capitalization.
Trading volume surged by 21.28% to $708.66 million, while market capitalization grew by 7.65%, valuing the cryptocurrency at $4.58 billion.
According to AMBCrypto, this could mark the start of sustained gains for FET, with expectations of further upward momentum in the coming days.
FET ready for double-digit trade
A crypto analyst has presented a bullish outlook for FET, as the asset trades within an ascending triangle pattern.
This triangle pattern, also known as an ascending channel, occurs when the price fluctuates between a horizontal resistance line and a diagonal support line.
Currently, FET has broken through the resistance level, positioning itself for continued upward momentum.
The analysis suggests that FET has two potential short-term targets: $3 and $5. These levels are expected to coincide with profit-taking activities in the market.
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