The price of Artificial Superintelligence Alliance (FET) has rebounded strongly, staying above $0.230 at the time of recording on Saturday after establishing an important support zone in the previous session. On-chain data improvements along with positive signals from the derivatives market are strengthening FET’s growth prospects in the coming days.
Whales accumulate FET, strengthening market sentiment
Supply distribution data from Santiment shows an upward trend as the number of large wallets (whales) continues to grow. Notably, wallets holding from 100,000 to 1 million FET and from 1 million to 10 million FET accumulated a total of 14.01 million tokens between March 14 and Friday. Conversely, wallets holding from 10 million to 100 million FET remained nearly unchanged. This indicates that smaller whales are actively taking advantage of the discounted price range to increase their positions, while larger holders maintain stable holdings.
FET supply distribution chart | Source: Santiment
Open interest and long positions increase, reinforcing the bullish trend
Derivatives data continues to support the bullish scenario. According to CoinGlass, open interest (OI) in FET futures surged to $81.19 million on Tuesday from $46.52 million recorded on Sunday — the highest since late January — before stabilizing around $70.14 million on Friday. This movement reflects new capital flowing into the market and indicates increasing buying pressure, supporting the upward momentum of the price.
FET open interest volume chart | Source: Coinglass
Meanwhile, the FET long/short ratio reached 1.15 on Friday, approaching a one-month high. Maintaining this ratio above 1 suggests market sentiment is leaning bullish, as most traders expect FET’s price to continue its upward trend.
FET long/short ratio chart | Source: Coinglass
Price forecast: Bulls are in control of momentum
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Reclaims $76,000 as US March PPI Misses Forecasts
Bitcoin surged past $76,000 following lower-than-expected US Producer Price Index data for March 2026, which indicated a 4% year-over-year increase. The rise reflects strong market support despite declining leveraged positions.
GateNews1h ago
BTC 15-minute rise of 0.64%: a technical breakout of key resistance combined with weak liquidity amplifies volatility
2026-04-14 15:30 to 15:45 (UTC), BTC saw short-term fluctuations within the 74,795.5 to 75,319.3 USDT range, with a return of +0.64% and a range of 0.70%. During this period, market attention warmed up, volatility intensified, trading volume rose slightly compared with the previous hour, and short-term buy orders pushed the price upward quickly.
The main driver of this unusual move was BTC’s short-term technical breakout above the 74,000 USDT key resistance, which generated a long signal and triggered rapid responses from quantitative and programmatic buy orders. At the same time, because the order book depth has been rising since 2025
GateNews1h ago
ETH rose 1.06% in 15 minutes: global political stimulation and a coordinated boost to risk appetite and on-chain activity together drove the move
From 15:30 to 15:45 (UTC) on 2026-04-14, the ETH price range was 2340.75 to 2367.0 USDT. Within 15 minutes, the return rate reached +1.06%, and the amplitude was 1.12%. Market volatility intensified, and on-chain and social attention rose in tandem. Short-term trading activity increased significantly, and investor sentiment shifted to optimism.
The main driving force behind this market move is the direct impact of an international political event on risk appetite. The United States announced a blockade of the Strait of Hormuz in the Middle East region related to the White House, creating a stark contrast with peace signals reportedly coming from Iran, and it triggered uncertainty and panic sentiment in the market.
GateNews1h ago
Bitmine gets promoted to the NYSE main board! Tom Lee: US stocks may be at a bottom, with selling pressure on Ether easing
Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite a sharp decline in its stock price, it has still increased the share repurchase plan to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help enhance its assets and stock price performance.
CryptoCity1h ago
Bitcoin Reclaims $75,000 for Second Time Since US-Iran Conflict, Up 7% in 24 Hours
Bitcoin surged to $75,000 amid rising U.S.-Iran tensions, adding $98 billion to its market cap and causing $500 million in liquidations. Technical analysts suggest that holding support above $67,000 could lead to an increase toward $80,000, despite highlighting $50,000 as a critical level if support fails.
GateNews2h ago
Crypto market splits as RaveDAO soars 200% while Polkadot, Zcash slide
RaveDAO jumps over 200% while Polkadot, Zcash and Dash slide, underscoring how idiosyncratic token stories now dominate a crypto market still digesting macro shocks and regulatory risk.
Summary
RaveDAO leads today's large‑cap crypto movers with a gain of more than 200%, while several majors, in
Cryptonews3h ago
