Driven by the strength of AI-related tokens, the Artificial Superintelligence Alliance token FET has recently rebounded by about 10%. However, foreign media believe that although this round of gains has pushed the price into a relatively strong pattern, buying momentum and capital flows have not improved in tandem, and the short-term trend may still fluctuate.
Price patterns point to higher levels.
The report notes that FET is currently in a typical "bullish flag" consolidation range. The price previously completed a rapid upward move, subsequently entering a slightly downward-sloping consolidation channel. If it breaks through the upper edge of the channel, the market is watching the resistance levels at $0.22 and $0.24.
From a technical perspective, this suggests that FET still has the potential to continue its upward trend. However, whether this trend will materialize usually depends on whether buying pressure continues and whether funds flow back in.
Momentum and capital flow have not yet aligned.
Foreign media pointed out that the weakening momentum indicators are more noteworthy at present. The Aroon indicator shows that Aroon Up, which represents upward momentum, has dropped to 0%, while Aroon Down is at 50%. This usually means that the buying power has weakened significantly, and the short-term dominance has fallen more to the selling side.
Fund flow data also doesn't offer any more positive signals. The Money Flow Index has fallen below 50, indicating that the market is currently closer to a state of fund outflow. If this indicator continues to decline, it means that selling pressure is still ongoing, which will weaken the success rate of the flag pattern breakout.
The liquidation distribution shows that the bulls and bears are still locked in a tug-of-war.
The liquidation heatmap shows liquidity clusters on both sides of the current price. The overall distribution is slightly biased upwards, indicating that the market still has room to rise further, but the downside risks have not significantly subsided.
The report shows that long positions lost approximately $45,740, while short positions lost approximately $33,490, a difference of $12,250. This small gap indicates that the recent rebound has not fully reversed the previous downward pressure, and prices may still fall back.
Overall, the chart pattern for FET remains bullish, but short-term capital flows and momentum indicators have not yet aligned. Foreign media believe that $0.22 remains the market's target, but this move may not be achieved smoothly until buying activity resumes.
