FET +169.2% in 24 Hours Amid Volatile Market Conditions

On SEP 2 2025, FET surged by 169.2% within 24 hours to reach $0.62, marking a sharp but brief rebound amid ongoing bearish trends. Over the past week, the token has experienced a 753.85% decline, with a 195.76% drop observed in the last month. Over the past year, FET has plummeted by 5275.16%, highlighting the extreme volatility and downward trajectory in the broader market.

The recent 24-hour rally came amid a broader resurgence in speculative trading activity and a short-covering wave in the digital asset sector. While no specific on-chain events were cited to explain the surge, the rapid price movement is indicative of a high-risk, high-liquidity environment where traders are responding to shifting market sentiment. Analysts project that the upward movement was likely driven by algorithmic trading bots and retail investor inflows capitalizing on oversold conditions.

From a technical standpoint, FET has struggled to maintain momentum beyond key resistance levels, with repeated failed attempts to hold above critical price points. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators have shown signs of bearish exhaustion over the longer term. However, the recent spike triggered a divergence between price and oscillator readings, which some traders interpreted as a potential reversal signal, though no consensus was reached on the likelihood or timing of a sustained recovery.