FET Token Surges Amid Broader Altcoin Weakness

The FET token saw a 4.54% surge in value over the past 24 hours, but still trails behind the broader market.

This rally coincided with Bitcoin's recovery following the Federal Reserve's interest-rate decision.

Despite this short-term gain, the altcoin market remains largely pessimistic, with the total altcoin market cap (excluding Ethereum) up just 1.48% over 20 hours but trending lower since the first week of July.

The FET token has been testing a February crash demand zone once more, having previously rebounded from its local low at $0.134 to reach $0.276.