FET Surges as SPX Holds Near Highs: What the Dual Market Setup Means for Traders Today
The recent recovery within the markets has instigated the bullish momentum within Bitcoin price as well as the other altcoins. The altcoins were displaying strength despite the consolidated behavior of the BTC price. As a result, tokens like Starknet and MYX Finance have been among the top gainers since the start of the month. Besides, the prices of Artificial SuperIntelligence Alliance & SPX6900, have attracted traders’ attention as they enter the top 100 and seem to be poised to reach $1 in the coming days. Can SPX6900 Price Trigger a 100% Recovery in 2025?SPX6900 price has been trading around $0.5738, surging over 9% to 10% in the past 24 hours after rising from the lows around $0.4763. The token has been surging on pure memecoin volatility and significant community hype from whale-controlled supply. Although Coinbase boosted visibility and liquidity, the whales who dominate 79% of the supply drive sharp moves. Technically, SPX is still dealing with the fallout from breaking its head-and-shoulders neckline around $0.9, putting $0.5 to $0.42 still in play. Will this structure push the price lower to $0.3, or is a relief rally on the horizon?As seen in the above chart, the bearish dominance over the rally has been on the rise as the token is forming consecutive lower highs and lows. It is stuck between an interim resistance and support levels at $0.58 and $0.46, and a breakout from either of the levels may validate the next price action. The token may either rise to the resistance zone between $0.73 and $0.75 or drop to the support zone between $0.39 and $0.37. The RSI has broken the descending trend, and hence the upward trajectory appears to be viable. FET Price Analysis: Price Poised to Reach $0.7The Artificial Superintelligence Alliance price has triggered over a 10% jump in the past 24 hours, reaching levels close to $0.32 from the interim lows around $0.26. The rally is largely tied to excitement around NVIDIA’s upcoming Q3 earnings, which often dictate overall AI sentiment. Whales are also positioning themselves early, with 88M FET leaving exchanges, which has been a major bullish case. Technically, FET broke out of its tight $0.20 to $0.30 range, moving above both 7-day and 30-day SMAs.Will the FET price react to NVIDIA’s earnings and reclaim the 200-day MA? In the wider perspective, the FET price is trading within a steep descending parallel channel, holding the support. The volume has risen significantly after remaining grounded since the start of the year. This hints towards a notable rise in the trader’s attention and with the bullish technicals, the next price action appears bullish. The weekly RSI has triggered a rebound while the MACD is heading for a bullish crossover. As the price has initiated a recovery, the token is expected to maintain a strong upswing and surpass the average bands at $0.47. Once it secures this range, a rise to $0.98 could be imminent. Will SPX Reach $1 First or FET Price?When comparing Fetch.ai with the S&P 500, FET is clearly the asset with the realistic path to hitting $1 first. The token is gaining momentum from renewed AI interest and improving risk appetite, while the SPX — already at multi-year highs—moves in much smaller percentage increments. If market conditions stay supportive, FET only needs a moderate continuation rally to reclaim the $1 level. However, its success still depends on sustained liquidity and broader macro stability driven by the SPX.