Artificial Superintelligence Alliance (FET) Price Prediction 2023-2025: Ready for Double-Digit Trade?

Artificial Superintelligence Alliance [FET] recently experienced a 7.65% price increase, reaching $1.88. This positive movement was accompanied by notable growth in trading volume and market capitalization.

Artificial Superintelligence Alliance (FET) price increased by 7.65% in the past 24 hours to reach $1.88. This positive movement was accompanied by a surge in trading volume and market capitalization.

According to data from CoinMarketCap, FET price experienced a surge in trading volume of 21.28% to reach $708.66 million. At the same time, the cryptocurrency’s market capitalization also grew by 7.65%, valuing it at $4.58 billion.

This recent price increase and surge in trading volume could mark the beginning of sustained gains for FET, especially considering the flattening moving averages and Bollinger Bands on the daily chart, indicating a period of low volatility and consolidation.

After experiencing a sharp decline from highs of over $3 earlier this year, the asset has been trading within a range and could be poised for a breakout, asịpictured in the technical analysis.

A crypto analyst has presented a bullish outlook for FET, as the asset trades within an ascending triangle pattern.

This triangle pattern, also known as an ascending channel, occurs when the price fluctuates between a horizontal resistance line and a diagonal support line.

Currently, FET has broken through the resistance level, positioning itself for continued upward momentum.

The analysis suggests that FET has two potential short-term targets: $3 and $5. These levels are expected to coincide with profit-taking activities in the market.

In the long term, analysts predict that FET could trade even higher, potentially surpassing the $10 mark, signaling a significant rise from its current level.

“Double digits for FET in 2025,” the analyst stated.

Current market sentiment is largely bullish, with large investors, or whales, playing a key role in driving this optimism for FET.

According to data from IntoTheBlock, large transactions, or whale activity, are evident in FET’s recent market movement.

The asset has seen a seven-day moving average of large transactions, which are defined as transactions greater than $100,000. Over the past seven days, the average transaction size for FET stood at $29,168.51.

This average transaction size has also seen a jump, indicating that large investors, or whales, are likely focusing on the asset.

If whale interest remains strong and positive for FET, it is expected that the asset will continue its bullish trajectory.

It’s not just whales that are optimistic about FET — smaller holders are also showing bullish sentiment.

According to data from IntoTheBlock, which reflects the number of tokens in profit at the current price, 82% of FET holders are in the green, while 14% are at a loss and 5% are breaking even.

When a larger proportion of holders are in profit, it creates an incentive for the asset to continue trending upward. In this context, price dips are likely to be seen as temporary retracements, with the broader rally expected to persist.

If this trend continues, reaching double digits for FET in the near term is certainly within reach, although it may experience short-term fluctuations along the way.