The remarkable performance of the Artificial Superintelligence Alliance (FET) token has garnered substantial interest, particularly from analyst Captain Faibik, who believes that the token might achieve a new all-time high (ATH).
Current Status of FET
At the time of writing, FET is trading around $1.21, down 2.76% over the last 24 hours. Despite this, the overall outlook remains positive as corrections are common in strong bullish trends. CNF recently reported that the token has risen 67% since the announcement of its merger with Internet Computer (ICP) and Near Protocol (NEAR).
Captain Faibik's Analysis
Analyst Captain Faibik believes that FET may continue to rise and potentially reach a new ATH at $4.20. In a tweet, he highlighted that FET is recovering well and approaching a key resistance level at $1.55. He suggested that a successful breakout from the current Broadening Wedge pattern could signal a new all-time high in the fourth quarter.
Javon Marks' Predictions
Analyst Javon Marks also expressed optimism about FET. He identified a Hidden Bullish Divergence in the token, implying that FET could be poised for a threefold increase from its current level, potentially reaching a new all-time high.
Overall, analysts' forecasts highlight the significant growth potential of FET. The token is expected to overcome current market challenges and reach new heights, particularly due to its merger with ICP and NEAR and the establishment of an innovation lab.
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