Coming to mark the bull season: FET's rise has begun!

One of the most important projects in the artificial intelligence category, FET, has attracted attention with its rise in a short time.

The Artificial Superintelligence Alliance ($FET ) has given hope to the artificial intelligence trend with its recent rise. FET has shown a significant increase in both price and market value. The popular altcoin's price is currently $ 1.41, up 8.21 percent in the last 24 hours and 25.11 percent during the week. This increase came despite the volatility in Bitcoin and poor macroeconomic data.

From a technical perspective, the daily chart reveals a falling channel structure and points to a potential trend reversal. If the falling channel is broken and $BTC holds above $ 58,000, the upward momentum may increase even more.

The MACD (buy-sell balance) indicator is moving in the positive zone, which reveals pressure from buyers. Despite the downward trend of the 50-day and 200-day EMAs, the increase in the 50-day EMA indicates a potential golden crossover.

With the revival of the artificial intelligence trend and the upward pricing of the market, #FET will come to the forefront. If the popular artificial intelligence coin closes above the 200-day EMA, it may want to test the $ 1.55 level.

If the pair continues to rise, a movement towards $ 1.88 and $ 2.20 can be followed. $ 1.28 can be monitored as the support level. If this level is lost, a pullback towards the $ 1 band may occur.

Nvidia stock, which has been on the rise for the last few days, directly affects the #FET price. #NVDA , which directs artificial intelligence-based cryptocurrencies, has particularly highlighted the Artificial Superintelligence Alliance. NVDA, which is based in the $ 120 band with the increase in NASDAQ, may prepare FET for a new bull run if it closes the day above this level.