$FET Quick Analysis : Artificial Superintelligence Alliance Attempts Breakout From Descending Channel

Artificial Superintelligence Alliance (FET) is trading near 0.2850 USD, extending a strong rebound from earlier sessions and is now testing the descending channel resistance around 0.2920 USD

A strong daily close above this zone would confirm a clean breakout and could pave the way toward the 50-day EMA near 0.3250 USD and the 200-day EMA around 0.5480 USD

The daily MACD is showing a bullish crossover as the MACD line moves above the signal line with fresh green histogram bars building momentum

The RSI is currently at 52, suggesting a slightly bullish bias while still remaining near the neutral region

However, if FET gets rejected near 0.2920 USD, the price may continue to trade inside the descending channel and could revisit the lower boundary close to 0.2250 USD