FET Price Soars 9%, Signaling Bullish Recovery Attempt

The Artificial Superintelligence Alliance (FET) price has seen a significant surge of 9% in the past 24 hours, signaling a potential bullish recovery attempt. This increase is evident on both daily and 4-hour timeframes after prolonged downtrend. Technical analysis reveals that FET broke above key EMAs on the 4-hour timeframe, indicating a clear upward momentum. Notably, the price is testing resistance at $0.52 after surpassing both the 50-day and 200-day exponential moving averages. This surge has also been accompanied by increased trading volume on CMC, currently trading at $0.51 with a 9% intraday increase.