FET surged over 75% today, briefly touching $0.45 before settling near $0.4087, amid a sharp uptick in trading volume and renewed market interest in the ASI:One ecosystem.
The move follows confirmation of the first token burn under the “Every ASI Wallet sign-up to ASI:ONE burns 50 FET” campaign and a series of integration announcements that helped shift sentiment after weeks of legal drama.
Technical Breakout: Price Rips Through Resistance
The price breakout marks FET’s strongest single-day rally in months. The token jumped well above the upper Bollinger Band (20-day average), which currently sits at $0.3404.
The parabolic move pushed the 7-period RSI to 82 – a level typically considered overbought. The 14-period RSI also climbed sharply, now reading 65, up from 35 a day earlier.
FET has now retraced half of its recent downtrend, with technical resistance sitting at the 50% Fibonacci retracement level around $0.4415. Should the rally fade, the 61.8% Fibonacci level near $0.364 may act as support, particularly if profit-taking sets in over the next few sessions.
Read also: How to recognize a crypto presale scam? Full guide
Ecosystem Announcements Boost Sentiment
Momentum was also supported by a series of ecosystem updates released this week. Fetch.ai showcased product integrations with Google A2A, Vertical, Minima, and Secret Network, and introduced tools like FetchCoder and personalized AI agents via ASI:One. The announcements helped restore confidence following a turbulent period marked by legal friction with Ocean Protocol.
Read also: Are AI Agents Overrated? Solana Founders Share Their Views
Ongoing Legal Conflict Remains in Background
The rally comes just two days after Fetch.ai filed a class action lawsuit in New York federal court targeting Ocean Protocol and several individuals, accusing them of fraud related to the handling of 286 million FET tokens. While the legal process is ongoing, sentiment appears to have shifted back toward the project’s technical roadmap.
Binance also temporarily paused FET deposits and withdrawals for a routine audit, reportedly triggered by allegations of irregular token issuance. The exchange has since re-enabled all services after confirming no discrepancies were found.
Read also: Fetch.ai and Ocean Protocol With a $120M Token Dispute
Outlook
The sharp move upward puts FET among the strongest gainers in the AI token space, but indicators suggest the rally could cool off in the short term. With technical resistance approaching and volatility high, traders will be watching closely to see whether this breakout can hold or if a retracement caused by profit-taking is next.
