FET's Bullish Rally Shows Signs of Slowing: What Happens Now?

Artificial Superintelligence Alliance [FET] has been on a consistent bullish trend, yielding gains between 12% and 16%. However, recent developments indicate that FET's rally may be nearing a pause.

Key Statistics:

1. FET price: $2.50
2. 24-hour trading volume: $154.86 million
3. Open Interest: 10.20% surge
4. Sell-off: $4.34 million worth of FET transferred to exchanges

Analysis:

FET's rally faces challenges:
1. Resistance levels: Emerging within the symmetrical triangle pattern
2. Sell-off: Growing selling activity among traders
3. Liquidation: $820.49 thousand worth of long positions forcefully closed

Projection:

1. Potential target: $3.50 (break above resistance levels)
2. Support level: $2.20
3. Delayed rally: FET's ascent hinges on meeting specific conditions

Risks and Challenges:

1. Market volatility
2. Bearish sentiment
3. Regulatory uncertainty