$FET Bounces 4.54% Amid Broader Altcoin Weakness

The Artificial Superintelligence Alliance [$FET] token saw a brief respite from its recent weakness, rising by 4.54% in the past 24 hours.

This move coincided with Bitcoin's recovery following the Federal Reserve's interest-rate decision, which may have contributed to the uptick in sentiment for the altcoin market.

However, despite this short-term gain, $FET remains down 6.52% over the past week and faces a broader trend of weakness in the altcoin market.

The total altcoin market cap, excluding Ethereum [ETH], was up 1.48% over 20 hours but has been trending lower since the first week of July, suggesting that $FET's bounce may be part of a larger bearish swing structure.