Artificial Superintelligence Alliance [FET] rebounded from $0.19 to reclaim $0.20 and touch a three-month high near $0.23. According to reports from AMBCrypto, FET traded around $0.229 at press time, representing a 16% increase in 24 hours. The token's recovery was accompanied by significant trading activity, with volume increasing 44% over the same period and Daily Turnover reaching a three-month high of $61 million. The surge was driven by increased spot buying and expanding derivatives trading, demonstrating renewed market interest after FET's previous rally faded.
Spot market indicators suggested renewed buyer interest after FET's previous rally faded. As reported by AMBCrypto, Spot Buy Volume rose to 123 million FET over 24 hours, while Delta exceeded 9 million FET, indicating that buying outpaced selling on measured spot markets. Exchange Netflow also turned negative at -241,000 FET, suggesting more tokens left exchanges than entered them, which helped ease immediate exchange-supply concerns. The increased spot buying activity contributed significantly to the token's price recovery.
Derivatives trading showed mixed signals despite the price recovery. According to AMBCrypto reports, Derivatives Volume climbed 63% to $272 million, while Open Interest rose 21% to $125 million, indicating that traders were taking more positions as FET rallied. On Binance, the Long/Short Ratio held above 2, showing strong long positioning among measured traders, though the overall Long/Short Ratio remained below 1, suggesting bullish positioning on one exchange had not yet spread across the broader derivatives market. The rising open interest despite mixed signals suggests growing market participation.
Directional indicators supported the recent price movement, with the positive directional indicator rising to 33 while the negative directional indicator fell to 8. As reported by AMBCrypto, Artificial Superintelligence Alliance's RSI held in bullish territory. If spot demand continues, FET could hold $0.23 and move toward $0.28. However, if traders take profits similar to the previous rally, $0.20 could face another test, with the outcome potentially depending on whether spot buyers remain active after the initial rebound. The current price action suggests that FET's recovery is supported by both fundamental buying interest and technical momentum indicators.
