AI crypto FET surges 16%, hits 3 month high – $0.28 possible IF…

Artificial Superintelligence Alliance [FET] rebounded from $0.19, reclaimed $0.20 and touched a three-month high near $0.23. At press time, FET traded around $0.229, up 16% in 24 hours.

Trading activity rose with the price. Volume increased 44% over the same period, while Daily Turnover reached a three-month high of $61 million.

But after FET’s previous rally faded, could this round of buying hold?

Why did FET rebound?

An earlier AMBCrypto report found that rising Exchange Reserves had complicated FET’s previous advance. This time, spot activity suggested buyers had stepped in after the dip.

Spot Buy Volume rose to 123 million FET over 24 hours. Meanwhile, Delta exceeded 9 million FET, indicating that buying outpaced selling on the measured spot markets.

Exchange Netflow also turned negative after two consecutive positive days. It stood near -241,000 FET at press time, suggesting more tokens left exchanges than entered them.

That shift eased the immediate exchange-supply concern. Derivatives traders, however, sent a less uniform signal.

Are FET traders betting on more gains?

Derivatives Volume climbed 63% to $272 million, while Open Interest rose 21% to $125 million. Together, those increases showed that traders were taking more positions as FET rallied.