Artificial Superintelligence Alliance (FET) is currently priced at $0.165903, reflecting a 6.06% increase over the last 24 hours. The asset has shown a daily range from $0.155893 to $0.167876, indicating a volatility measure of approximately 7.73% within this short period.

The trading volume stands at 34,222,853, which corresponds to a volume-to-market cap ratio of 9.05%. This suggests a healthy liquidity level that supports further price movements while the 8 SMA shows a positive trend, currently at $0.1624 and increasing by 2.17%, indicating upward momentum.

The 1-hour RSI is at 78, indicating that FET is overbought in the short term, which may lead to a pullback. In contrast, the 7-day RSI at 50 reflects a neutral position, suggesting the price is stabilizing after a significant decline over the past 14 days and 30 days, down 19.41% and 42.63%, respectively.

The asset's all-time high of $3.45, reached in March 2024, presents a significant resistance level to monitor. The current price remains substantially below this peak, indicating potential for recovery if positive sentiment continues, but it also reflects the challenges ahead.

Given the strong short-term gains, but with underlying long-term weakness indicated by previous price declines, a cautious approach is warranted. The overbought status in the 1-hour RSI may lead to short-term corrections, and considering the recent high volatility, the recommendation is to Hold FET, allowing for potential upward movement while being prepared for possible retracements.