The current price of Artificial Superintelligence Alliance (FET) stands at $0.218938, experiencing a significant decline of 8.14% over the past 24 hours. The daily price range has been relatively narrow, with a high of $0.240186 and a low of $0.217655, indicating weak momentum in the market.

Trading volume has reached approximately 72 million, representing 12.63% of the market cap, suggesting moderate interest from traders despite the price drop. The hourly moving averages indicate a bearish trend, with the 8 SMA and 13 SMA both showing losses of over 1%, while longer-term SMAs reflect deeper declines, suggesting sustained downward pressure on the price.

The 1-hour RSI is critically low at 21, indicating oversold conditions and potential for a rebound; however, the 7-day RSI at 39 suggests continued weakness in buying momentum. Furthermore, the 7-day and 14-day price changes, both negative, reinforce the bearish sentiment, with a notable decline of 24.83% over the past 30 days.

The all-time high for FET was recorded at $3.45 in March 2024, indicating substantial distance from the current price level and highlighting the significant market volatility. Given the current technical indicators and the recent performance, the asset appears to be in a downtrend, but the low RSI suggests a potential reversal could occur if buying interest returns.

In conclusion, given the current bearish trend, low RSI levels, and ongoing price declines, the recommendation is to Hold FET. This strategy allows for potential recovery without incurring further losses, as the asset may present a buying opportunity if a reversal occurs.