FET +64.83% 24Hr Surge Amid Strong Short- and Medium-Term Gains

On SEP 3 2025, FET rose by 64.83% within 24 hours to reach $0.622, FET rose by 64.83% within 7 days, rose by 130.51% within 1 month, and dropped by 5117.92% within 1 year.

FET’s recent price action has been marked by a sharp and sustained upward trajectory over the short- and medium-term. Over the past 24 hours, the token surged by 64.83%, closing at $0.622. This follows a 64.83% increase in the last seven days and a 130.51% increase over the past month, indicating a period of strong investor confidence and demand. The one-year chart, however, tells a contrasting story, with a year-on-year decline of 5117.92%, highlighting the extreme volatility and cyclical nature of the asset.

Despite the long-term decline, the recent performance of FET has shown signs of a short-term reversal and potential strength. Traders and investors have been drawn to the token’s rapid gains, especially in the context of broader market dynamics and speculative momentum. Technical indicators, while not explicitly provided, have historically aligned with such price action during similar bullish phases.

The upward move has occurred without significant macroeconomic or project-specific announcements, suggesting that the rally may be driven by speculative trading and retail participation. Analysts project that this momentum could continue in the near term if the broader market remains supportive and liquidity remains strong.

A closer look at the price behavior reveals that the surge has been concentrated across multiple timeframes, reinforcing the idea that FET has entered a phase of short-term consolidation after a prolonged bearish period. The 24-hour and seven-day performance aligns with patterns often seen during market rebounds, where retail and algorithmic trading strategies contribute to rapid price appreciation.

Backtest Hypothesis

Technical indicators used in backtesting often focus on momentum and trend-following strategies, particularly during periods of sharp price movement. In the case of FET, a potential backtesting strategy would evaluate signals generated by the recent 24-hour and 7-day surges. A hypothetical hypothesis might involve entering a long position on the asset following a confirmation of a bullish crossover in a 50-period and 200-period moving average, combined with a Relative Strength Index (RSI) reading indicating oversold conditions. Exit points could be based on a trailing stop or a fixed profit target aligned with recent support and resistance levels.

Such a strategy would be tested using historical data to determine its robustness under various market conditions. The backtesting would include metrics like win rate, risk-reward ratio, and drawdown to assess the viability of the approach. Given FET’s volatility, the strategy would likely incorporate risk management rules, such as limiting position size or avoiding trades during periods of high uncertainty.