Artificial Superintelligence Alliance (FET) is currently trading at $0.208808, reflecting a 3.17% decline over the past 24 hours. The price has fluctuated between a high of $0.215645 and a low of $0.20695 during this period, indicating a daily range of 0.008695%.

The trading volume over the last 24 hours stands at approximately 50.55 million, resulting in a volume-to-market cap ratio of 10.46%. Short-term moving averages show a bearish trend, with the 8 SMA at $0.2088, the 13 SMA at $0.2095, and the 21 SMA at $0.2113 all trending downwards, indicating continued selling pressure.

The 1-hour RSI is currently at 33, suggesting that FET is approaching oversold conditions, which could present a short-term buying opportunity. In contrast, the 7-day RSI at 52 indicates a neutral trend, while the 14-day price change of -4.80% highlights longer-term bearish momentum.

In terms of performance, FET has experienced a notable 30-day price decline of nearly 18.80%, which raises concerns about overall market sentiment and investor confidence. However, the 7-day price change of approximately 1.93% suggests some stabilization in the short term, potentially indicating a corrective phase after recent losses.

FET's all-time high of $3.45, reached on March 28, 2024, indicates significant long-term potential; however, the current price represents a severe depreciation from that peak. This context emphasizes the need for cautious trading strategies, as the asset remains far from its historical highs and is currently experiencing downward pressure.

Given the combination of bearish short-term indicators, a neutral medium-term RSI, and a significant 30-day decline, the recommendation is to hold FET at this time. While the price may stabilize or experience minor recoveries, the overall trend suggests waiting for clearer signs of reversal or bullish momentum before considering new positions.