Artificial Superintelligence Alliance Token Gains 16% to Three-Month High

Artificial Superintelligence Alliance (FET) rose 16% in 24 hours to about $0.229, reaching a three-month high near $0.23 as spot buying strengthened and derivatives activity expanded.

FET rebounded from $0.19 and moved back above $0.20. Trading volume increased 44% during the same 24-hour period, while daily turnover reached a three-month high of $61 million.

Spot buy volume reached 123 million FET over 24 hours. Buying exceeded selling by more than 9 million FET, while exchange netflow fell to about -241,000 FET after two consecutive days of net inflows.

The derivatives market also grew as FET advanced. Derivatives volume increased 63% to $272 million over 24 hours, and open interest rose 21% to $125 million.

Positioning remained mixed across the market. Binance’s long-short ratio stayed above 2, showing a strong lean toward long positions among measured traders. The broader long-short ratio remained below 1, indicating that the wider group of measured traders was not positioned the same way.

Directional indicators favored buyers. The positive directional indicator rose to 33, while the negative directional indicator fell to 8. FET’s relative strength index also remained in bullish territory.

The next move hinges on whether spot buying remains active after the rebound or traders take profits following the advance.