FET Soars on Technical Bounce and Broader AI Rebound

FET has surged 14.8% in the last 24 hours and 6% in the past few hours, reaching $0.138 from around $0.13 on strong volume.

The price increase is driven by a technical bounce from a locally depressed price level and a broader crypto and AI rebound.

Traders are focusing on FET's chart structure, with many identifying the $0.13 area as a major 'liquidity floor' or bottom zone.

Upside targets mentioned include $0.98, $2.19, and $3.47 if the structure breaks higher.

The move is also linked to a broader crypto rally tied to political and regulatory headlines in the United States, including a White House crypto summit and statements about supporting technologies like prediction markets and artificial intelligence.