• FET faces short-term decline with prices dropping 4.9% amid reduced trading activity.
• Technical analysis hints at a potential rebound from a key accumulation zone.
• Long-term forecasts remain optimistic, predicting a possible recovery toward $0.56 by year-end.

The Artificial Superintelligence Alliance (FET) is currently trading at $0.2575, marking a 4.9% decline over the past 24 hours. Trading activity has also slowed significantly, with the 24-hour trading volume at $92.71 million, representing a 34.39% drop compared to the previous day. Over the past week, Its value has declined 34.9%, underscoring sustained selling pressure in the market.

Market analysts suggest that the decline may stem from profit-taking after earlier price surges, coupled with global risk-off sentiment impacting speculative assets. Despite the short-term weakness, investor interest remains active, particularly as the token approaches a historically strong support zone.

FET Tests Key Support in Ascending Channel

According to crypto analyst Jonathan Carter, FET is currently testing the lower border of its ascending channel on the two-week timeframe, a level that has historically triggered recovery rallies. Carter noted several bullish indicators: a heavy accumulation zone, a volume surge at key support, and an intact channel structure, all pointing to a potential technical bounce in the near term.

His forecast outlines a series of rebound targets, with potential price levels at $0.61, $1.18, $3.08, and an ambitious $13.00 if momentum strengthens over the long run. While such targets remain speculative, they highlight growing optimism among traders expecting a mid-term reversal in FET’s performance.

Also Read | FET Price Analysis: Bulls Target $1.00 as Market Shows Cautious Optimism

FET Price Prediction for 2025

According to DigitalCoinPrice, the token could climb to $0.56 by the end of 2025, reflecting renewed confidence in AI-linked blockchain initiatives. Analysts note that if FET sustains investor momentum, it could retest its previous all-time high of $3.47 and stabilize between $0.50 and $0.56 in the coming months.

While short-term corrections may persist, the market’s broader sentiment suggests that its long-term fundamentals remain intact. Continued ecosystem development and growing demand for AI-integrated decentralized platforms could support gradual price recovery heading into 2025.

Also Read | FET Price Prediction: Can Bulls Break $0.70 Resistance to Approach $1.60?