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FET token breaks above 200-day moving average, signaling potential trend reversal after long downtrend.

Technical Signals
09 May 2026
Blockonomi
View Source
Bullish
pluang ai news

FET, the token of the Artificial Superintelligence Alliance, closed above its 200-day moving average at $0.2385 for the first time since its downtrend began, supported by strong daily volume of 27.95 million. The token had fallen sharply from $0.95 in mid-2024 to $0.10 in September 2025 before forming a base with higher lows. While this breakout is a positive signal, the 200-day moving average is still declining, so the trend reversal is not confirmed yet. The next key level to watch is $0.2261; holding above this on pullbacks would strengthen the recovery, while falling below with volume could invalidate the setup. Resistance near $0.30 is the next target if the upward momentum continues.

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