Smart money betting on FET? Price presses against key resistance after stealth accumulation
Powered by ChatGPTArtificial Intelligence Alliance’s $FET token is showing signs of strength as it tests a critical resistance zone after a period of accumulation, setting sights on the $1 target. Artificial Intelligence Alliance ($FET) token has spent several weeks in a tight range after bottoming out at $0.56 on June 22, forming what appears to be an accumulation base on the daily chart. Recent price action has turned bullish, with $FET now coiling just below a key horizontal resistance zone between $0.80 and $0.90 — a level that has rejected multiple breakout attempts in the past. A confirmed break above this area could pave the way toward the psychological $1.00 milestone, which also marked the peak of the previous rally on May 23. Technical indicators support a potential breakout. Despite a recent pullback from the local high of $0.89 reached two days ago, the price remains firmly above the 20-day EMA ($0.79), which appears to have acted as dynamic support during the accumulation phase. Additionally, the momentum indicator MACD has maintained a bullish crossover since June 2025, with the histogram consistently printing green bars. For context, the $FET token is the unified native asset of the ASI Alliance, which includes SingularityNET, Fetch.ai, Ocean Protocol, and most recent addition CUDOS. $FET’s accumulation may signal that smart money is eyeing the token as a strategic entry point ahead of key product rollouts. Notably, Singularity Finance, the financial arm of the ASI Alliance, recently released its H2 2025 roadmap outlining several key product launches, including AI-powered portfolio tools, diversified yield vaults, and autonomous trading agents that execute trades automatically without requiring users to write code.