The Artificial Superintelligence Alliance (FET) has seen a remarkable performance in the last two weeks. Amid the latest market shakeouts, the AI crypto token saw a significant increase, surging over 60% a week ago. In the last 24 hours, the token has recorded a 4% price surge, retesting a crucial resistance level that could propel the price near its all-time high (ATH).<\/p>\n
FET showed a formidable price action throughout August despite the market retraces, seeing a 30% surge in the last 30 days. The ASI alliance token saw a 49% increase in the past two weeks and recovered above pre-Black Monday levels during this timeframe.<\/p>\n
Additionally, it saw a massive surge in trading volume, price, and whale activity a week ago when the FET\u2019s on-chain developments fueled<\/a> the bullish momentum by over 60%. The drive pushed the cryptocurrency\u2019s price to a high of $1.46 on Tuesday, a level not seen since mid-July.<\/p>\n Nonetheless, the market jitters halted FET\u2019s rally, sending the price to a biweekly low of $1.06. The token retested the $1.20 resistance level over the weekend, unsuccessfully reclaiming it but holding above the $1.10 price range.<\/p>\n This performance has been highlighted by several market watchers, who noted that the token has held<\/a> effectively above the $1.17 support level. This level was retested and maintained since late February when the token\u2019s leg up drove the price to its March ATH of $3.45 but was lost as July closed.<\/p>\n Some market watchers noted that FET recently broke out of crucial horizontal levels. The token has been in a multi-month falling wedge<\/a> pattern and registered multiple touchpoints within the upper and lower trendlines.<\/p>\n According to Crypto Yapper, some key horizontal levels have come into play in the past month. The token bounced from the \u201chuge\u201d $0.8 support area a few weeks ago. This level was deemed an \u201cinteresting accumulation zone\u201d by the analyst.<\/p>\n Since then, FET has seen a significant jump, breaking out of the falling wedge pattern. Following the breakout, it has attempted to turn the next horizontal resistance level into a support zone.<\/p>\nAnalysts Suggest Key Levels To Watch<\/h2>\n