Artificial Superintelligence Alliance (FET) is currently priced at $0.162567, showing a 4.82% increase over the last 24 hours. The asset has experienced a daily range of $0.01778, with a high of $0.171771 and a low of $0.153991, indicating some volatility in the short term.

Trading volume stands at approximately 73.78 million, which corresponds to a volume-to-market cap ratio of 19.86%. This suggests moderate trading activity, but the price has seen a significant decline of about 20.38% over the past week and a staggering 41.71% drop in the last 30 days, reflecting bearish sentiment.

Technical indicators reveal a bearish trend, with all short-term simple moving averages (SMAs) showing negative percentage changes. The 1-hour Relative Strength Index (RSI) is at 38, indicating potential oversold conditions, while the 7-day RSI at 44 further supports the lack of bullish momentum in the near term.

Historically, FET reached an all-time high of $3.45 in March 2024, but the current price remains significantly below this level. The steep declines over the past two weeks, combined with the recent recovery, highlight ongoing uncertainty around market sentiment and future price movements.

Given the technical indicators and overall price trajectory, the current conditions suggest a cautious approach. The absence of significant buying momentum and the bearish RSI readings imply that further downside risk remains.

Rating: Hold. The recent price action indicates potential for short-term gains, but the overall trend remains negative, necessitating a wait-and-see approach before committing to new positions.