Bullish Trend Emerges as FET Surges Past Key Resistance Level, Fueling Optimism with Increasing Trading Activity

Table of Contents FET, the native token of the Artificial Superintelligence Alliance, has closed above its 200-day moving average for the first time since its prolonged downtrend started. The token is trading at $0.2385, just above the 200-day MA sitting at $0.2261. This move has drawn renewed attention from traders who had been tracking the token’s gradual base-building pattern over several months. FET peaked near $0.95 in mid-2024 before entering one of the steepest declines in the AI token sector. The most severe drop came in September 2025, when the price collapsed to $0.10 within weeks. Volume during that period far exceeded anything seen before it. That flush represented a classic capitulation event, with forced liquidations driving prices to extreme lows. From that bottom, the token began forming a quiet but consistent pattern of higher lows. Price found support at $0.15, then $0.19, and later $0.21. Each level held without attracting much public attention. The 200-day moving average was still declining throughout this period, which kept most market participants away from the token. Analyst account @2xnmore flagged the setup on April 12th, pointing to the 200-day MA as the one level that could change the chart structure entirely. On May 7th, that same account noted FET sitting directly on the 200-day MA at $0.2263 with volume beginning to return. That observation proved timely. On May 7th I posted that $FET was sitting on its 200-day MA at $0.2263 with volume returning. Today:– The 200MA is at $0.2261– Price is at $0.2385$FET just closed above the 200-day MA on the daily for the first time since this downtrend began. Here is why that matters more… pic.twitter.com/c3fG1oqhrO — 2xnmore (@2xnmore) May 9, 2026 As of May 9th, FET has closed above the 200-day MA with 27.95 million in daily volume. That volume figure adds weight to the price move. Without volume support, a close above a key moving average often fails quickly. The current reading changes that narrative somewhat. The 200-day moving average is still sloping downward. That fact matters. A declining long-term average means the macro trend has not officially reversed. One daily close above a falling moving average is a signal worth watching, not a confirmed trend change. The next test for FET is holding above $0.2261 on any pullback. If the token retests that level and holds, the structure strengthens. The next resistance area on the daily chart sits near $0.30. A move toward that level, combined with continued volume, would add more weight to the recovery case. On the other hand, a daily close back below $0.2261 with strong selling volume would remove the current setup entirely. That scenario would push the token back into a range where buyers have limited technical support. The 200-day moving average has been sloping down since late 2024, which points to a weak long-term trend. That context is important for reading the current price action accurately. The token has done what the chart required after the April setup. Whether it can sustain that is the question now facing both groups of traders; those who dismissed FET months ago and those who watched the base build quietly beneath a declining average.