FET latest news: Burning program launches with 50 tokens per wallet, aims for increased utility

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Fetch.ai jumps 12.20% today

Highlights

Artificial Superintelligence Alliance (FET) trades at $0.2667, well below MA-20 ($0.3587), MA-50 ($0.5156), and MA-200 ($0.6529), signaling persistent bearish pressure.
Fetch.ai launched a FET burn program tied to new asi1.ai wallets as Ocean Protocol exited the Alliance, selling FET to fund its own projects amid U.S.-China AI tensions.
Despite a 12.2% daily gain to $0.2698 and high volatility, technicals indicate low probability (under 20%) of further price increases with a projected $0.1896–$0.2183 range.

Token burn program and Ocean Protocol exit reshape FET market dynamics

Fetch.ai has introduced a new program to burn 50 FET tokens for every new wallet sign-up on asi1.ai, aiming to increase both utility and value for users. Meanwhile, Ocean Protocol recently left the Artificial Superintelligence Alliance, drawing attention to its decision to fund in-house projects by selling FET. Market activity has also been influenced by U.S.-China tensions hitting AI-related digital assets.

Divergence between strong trend and conflicting momentum near session highs

Daily momentum signals are mixed. The MACD and Awesome Oscillator point toward strong selling, yet the ADX shows powerful trend strength and suggests underlying buy interest. RSI and CCI indicate the market is near oversold levels, while Stochastic RSI signals potential for a reversal. Bull/Bear Power is slightly negative, hinting sellers still influence intraday sentiment. There was a brief opening gap ($0.2517 after a $0.2377 close). Price now trades near the high end of today’s range ($0.251–$0.2698) following a strong 12.2% daily gain. Volatility is high. Price action shows sustained strength toward session highs, but the divergence between oscillators and momentum indicators warns that buyers may face headwinds in consolidating further gains.

Falling risk dominates as low upside probability shapes outlook

For the next five trading days, the expected price corridor is between $0.1896 and $0.2183. The probability of a further price increase is very low (less than 20%), making a decrease the more likely scenario. In the baseline scenario, FET consolidates sideways within the projected range. A bullish case would see price overcoming $0.365 resistance, targeting a move above the current dynamic ceilings. The bearish scenario unfolds if price breaks under $0.1896 support, opening the path to fresh multi-month lows and deeper selling pressure.

Anton Kharitonov, expert at Traders Union, sees persistent technical weakness in FET, with price trading well below key moving averages and the nearest resistance at $0.365. He believes that despite the token burn initiative and recent high volatility, bearish sentiment is reinforced by both negative momentum and macro headwinds, such as Ocean Protocol's exit and global AI-sector tensions. The analyst maintains a cautious outlook, expecting range-bound movement with a clear risk of further decline if $0.1896 is breached. "Base case remains defensive — unless FET can reclaim $0.365, I see no compelling reason to expect sustained upside here."

Previously it was noted that Ocean Protocol's abrupt exit from the Artificial Superintelligence Alliance triggered significant tensions and legal action. Technical indicators continued to show negative momentum, with the daily MACD negative and several oscillators in oversold territory.

Source of Data: FET Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.