Examining how and why $FET can climb by 25% to hit $1.80 - AMBCrypto Analytics

The AI-focused token, Artificial Superintelligence Alliance (FET), is showing strong bullish momentum, driven by a favorable market sentiment following the re-election of pro-crypto U.S. President Donald Trump. Over the past two days, FET surged by more than 25%, breaking out of a declining channel price pattern. The token closed its daily candle above the 200 EMA, signaling a potential uptrend.

Technical analysis suggests that FET may climb another 25%, possibly reaching the $1.80 mark. However, this bullish outlook remains valid only if FET continues trading above $1.30. Currently, FET is hovering near $1.38, with a modest 1.80% increase in the last 24 hours, although trading volume has dropped by 44%, hinting at lower market participation after the recent surge. Traders should watch key support levels closely for further movement.