The current price of Artificial Superintelligence Alliance (FET) is $0.24504, reflecting a significant 10.85% decrease over the past 24 hours. The daily trading range has been narrow, with a high of $0.27564 and a low of $0.235664, indicating volatility but also the potential for further downside.

Volume stands at 93,207,158, contributing to a volume-to-market cap ratio of 16.52%, suggesting healthy trading activity. However, the negative price trend combined with a low hourly RSI of 19 indicates an oversold condition, which could signal a short-term bounce but may not sustain a bullish reversal.

Looking at the moving averages, all key short-term SMAs (8, 13, 21, 55, and 144) are trending downwards, with declines ranging from -10.27% to -13.00%. This consistent bearish momentum suggests a lack of support at higher price levels, reinforcing the downward pressure on FET.

From a longer-term perspective, the 7-day price change is down 20.68%, while the 14-day change is down 15.58%. Despite a positive 30-day change of 17.45%, the current trend indicates that momentum is shifting negatively, posing risks for investors looking for upward movement.

Given the current technical indicators, including the oversold hourly RSI and declining moving averages, along with the negative price momentum, the outlook for FET appears bearish. Therefore, the rating is a Sell, as the asset is likely to face further declines in the short to medium term, and potential recovery seems uncertain.