Artificial Superintelligence Alliance Smashes Downtrend—Is FET’s $1 Breakout Next?

After months of bearish pressure, the Artificial Superintelligence Alliance (FET) is staging a comeback. Technical indicators hint at a potential rally—but can it really punch through the psychological $1 barrier?

Market skeptics are already rolling their eyes, muttering about ’AI hype cycles’ and ’crypto’s flavor-of-the-month club.’ Meanwhile, traders are watching the order books like hawks, waiting to see if this is the real deal or just another dead-cat bounce.

One thing’s certain: if FET clears $1, the FOMO will be brutal. Just don’t expect Wall Street to notice—they’re still too busy pretending blockchain doesn’t exist.

What’s driving FET’s surge?

According to AMBCrypto’s analysis, two main factors are driving the altcoin’s price rise. First, the altcoin’s network adoption and growth have soared.

Daily Active Addresses surged to 1.3K, hitting a 2-month high. On top of that, Network Growth spiked to 398, back to March levels.

Source: Santiment

The second factor is the growing demand from whales and retailers. Both whales and retailers are back in the market. The demand from whales and retailers is mostly driving prices up.

Source: Coinalyze

Looking at FET Spot Buy vs. Sell volume, investors have bought 4.4 million with a positive delta of 989k, which suggests that retail traders are highly active, with buyers dominating the market.

This buying activity is even more prevalent among FET whales.

According to IntoTheBlock, whales scooped up 21.2 million tokens over the past day. The surge in Inflow has left large holders with a positive capital inflow of 8.11 million tokens.

Source: IntoTheBlock

This suggests that whales are buying more than they are selling, reflecting strong accumulation behavior. When whales turn to accumulation, it signals growing confidence in the market as they expect prices to rise further.

Therefore, network growth accompanied by actual demand has pushed FET to break out of a strong downtrend.

What’s next? $1 or rejection?

As observed above, the Artificial Superintelligence Alliance token was experiencing strong demand across all market participants.

With adoption soaring, FET’s scarcity is climbing too. Its Stock-to-Flow Ratio has risen, reflecting fewer tokens available for sale as accumulation addresses spike.

Source: Santiment

Historically, growing scarcity as investors accumulate has preceded a price rally. If sentiment holds, FET could attempt a clean break above $1 and test $1.20 soon after.

However, having said that, there’s still a caveat. Holders trapped during the past three months may choose to take profits. If that happens, FET could retrace to $0.73 before finding support.