Artificial Superintelligence Alliance [FET] price increased 15% in 24 hours, reaching $0.1794 as of the time of reporting. The gain reflected renewed demand across the AI token sector, which rose approximately 9.4% compared to a 1.9% gain in the overall cryptocurrency market.
FET's 24-hour trading volume climbed 9.8% to $132.27 million, supporting the price recovery. The token's outperformance highlighted stronger capital rotation toward AI-linked crypto assets during recent trading sessions.
Supply Pressures Emerge
Despite the rally, FET faced headwinds from rising exchange reserves. Exchange Reserve USD increased 14.07% to $37.1 million in 24 hours, introducing more token supply into trading venues as buying pressure mounted. High exchange reserves typically expand available supply if token holders choose to sell, potentially constraining price gains. Nevertheless, FET's price rose 13.8% despite the reserve expansion, indicating buyers absorbed the additional supply during the recovery period.
Derivatives Market Participation
FET's derivatives market showed increased trader engagement. Derivatives volume surged 56.72% to $117.27 million, while Open Interest expanded 10.51% to $82.63 million. The more modest Open Interest increase relative to volume growth suggested substantial trading activity alongside measured position building.
On Binance, top traders demonstrated bullish positioning, with long accounts representing 62% compared to 38% short accounts, producing a Long/Short Ratio of 1.63. This dominant long positioning supported the spot market recovery, though rising leverage could amplify volatility.
Technical Resistance Ahead
On the daily chart, FET rebounded from the $0.1473 support zone toward the $0.1863 resistance level, where previous advances had encountered repeated obstacles. The price action formed an inverse head-and-shoulders pattern following August's decline toward $0.12, with FET establishing a double-bottom rebound above $0.1473 in September.
The Relative Strength Index strengthened to 59.99, above its average signal, suggesting improving buying momentum. A breakout above the $0.1863 neckline would complete the bullish pattern, potentially opening the $0.2129 price zone as the next target, with further expansion toward the $0.2543 supply area. A failure to hold $0.1863 would redirect attention toward the $0.1473 support level, weakening the developing reversal structure.
