FET price prediction: AI-token nears breakout from falling channel as whales’ confidence recovers

FET has surged by 17%, hinting at a possible breakout. A total of 18 million FET tokens were purchased by large investors, restoring confidence in the market. Technical indicators point to a bullish trend as the price targets the 200-day EMA.

In order to affirm the breakout, FET needs to close above the 100-day EMA and the upward trendline. The current market dynamics indicate a positive shift, with the Relative Strength Index suggesting increasing bullish momentum.