Federation of artificial superintelligence breaks down its fall: Can Feta shoot in the past of $ 1?

• The fet erupts from a months-long fall to hit a 3-month tall, signaling the restored bull’s momentum.
• Strong accumulation of whales, traders and growing network activities promote sharp progress of FET.

The artificial superintelligence of the Alliance (FET) broke a months-long decline, climbing a 3-month maximum of $ 0.85.

At the time of the press, the token awarded to AI changed his hands of $ 0.8476, marking a jump of 9.10% in 24 hours.

Since he reached $ 2.2 in December 2024, the fet was traded inside a descending channel that fell below $ 1.

But given that the cryptocurrency market has been recovering in recent maximums, AI coin has made significant gains at its prices.

During the same period, the volume of the AI ​​tokens increased by 47.06%, reaching $ 295 million. With such a huge price increase, the question is what drives a rush?

What triggers a FET -‘rush?

According to Ambcrypto Analysis, two main factors increase altcoin prices. First, the adoption and growth of the Altcoin network increased.

Daily active addresses rose to 1.3K, hitting 2 months high. In addition, the network growth increased to 398, back to March.

The second factor is the increasing demand of whales and traders. Both whales and traders return to the market. Demand from whales and traders generally increase prices.

Watching Fet Spot Buy Vs. Sales quantity, investors are bought 4.4 million with a positive delta of 989K, suggesting that retail retailers are very active and customers dominate the market.

This purchase activity is even more widespread among the FET whales.

According to Intotheblock, whales collected 21.2 million tokens in the past day. The influx of influx has left large owners of a positive supply of 8.11 million tokens.

This suggests that whales buy more than they are sold, which reflects strong behavior of the accumulation. When whales turn to the accumulation, it signals increasing trust in the market because they expect prices to rise further.

Therefore, the network growth was accompanied by actual demand pushed the fet to get out of a strong lower trend.

What is next? $ 1 or rejection?

As observed above, the artificial superintelligence token of the Alliance experienced a strong demand for all participants in the market.

With the increase in adoption, the fet -that the scarcity is also climbing. The stock and flow ratio has grown, which reflects fewer tokens available for sale because the respective address of the Spike address.

Historically, growing scarcity, while investors accumulate, preceded a set of prices. If they feel, the fet could try a clean break above $ 1 and test $ 1.20 shortly after.

However, saying that, there is still a warning. The holders trapped during the last three months can decide to use profit. If that happens, the fet could withdraw to $ 0.73 before finding support.