Artificial Superintelligence Alliance [FET] posted a strong recovery over the past 24 hours as buying activity returned across the artificial intelligence sector. According to reports from AMBCrypto, the token rallied 15.97%, while trading volume climbed 42.16% to roughly $345 million. This combination reflected stronger market participation rather than a low-volume price spike, with earlier sessions showing hesitant price action near support levels before buyers stepped in aggressively to push FET back into a higher trading range.
During the rally, Open Interest also increased 18.55% and reached $125.63 million, indicating that fresh positions entered the market during the rally. As reported by AMBCrypto, this increase aligned with the broader rise in trading activity and suggested that participants were actively positioning for further movement. Unlike rallies driven solely by short covering, the simultaneous expansion in volume and Open Interest pointed toward new capital entering the market, reflecting stronger conviction among traders.
Price action improved significantly after FET reclaimed the $0.244 support level and pushed toward the important $0.300 resistance zone. According to AMBCrypto, the daily chart showed that buyers defended higher lows throughout May before driving price above a recent consolidation structure. FET traded near $0.268 at the time of observation, placing it between support and a major supply area. The Relative Strength Index climbed to 66.05, while its moving average remained near 53.54, with the RSI above the neutral 50 level reflecting strengthening buyer control.
Sentiment data revealed a strong preference for long positions among Binance's top traders, with more than 70% of accounts remaining long while only 29.61% maintained short exposure. As reported by AMBCrypto, the resulting long-to-short ratio stood at 2.38, highlighting a clear bullish bias despite FET approaching a significant resistance zone. Such positioning often reflects confidence in continued upside, though crowded long trades can increase vulnerability to sudden pullbacks if buyers lose control.
The latest breakout strengthened the market structure and shifted attention toward higher targets, with sellers still controlling the area above current prices. According to AMBCrypto, if buyers successfully reclaim $0.300, the move could open a path toward the $0.400 resistance highlighted on the chart. However, the $0.300 resistance remains the crucial hurdle that will determine FET's next directional move, with the token's recovery gaining support from rising volume, expanding Open Interest, strengthening RSI readings, and heavily bullish trader positioning.
