1. Whale Activity Surge: FET whales' activity spiked by 3610% in recent days, signaling heightened interest from institutional investors and large holders.
2. Increase in Active Addresses: The number of active addresses trading FET increased by 15.52%, suggesting growing user engagement and more investors trading the token.
3. On-Chain Data Spotlight: Despite the cooling of the artificial intelligence trend, on-chain data for FET continues to capture attention, pointing to sustained interest in the ecosystem.
4. Whale Activity as a Confidence Indicator: The sharp rise in whale activity often signals growing confidence in the tokenโs future performance and increasing profit expectations among investors.
5. Resistance at $1.53: The next key test for FET is breaking through the $1.53 resistance level. A breakthrough could ignite a new rally, while failing to surpass this level may lead to a short-term correction.
6. Impact of the AI Trend: The strength of the artificial intelligence trend, alongside possible earnings reports like NVIDIA's, will be crucial for FETโs performance. Positive news in the AI sector could further boost the altcoin's price trajectory.
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