AI Crypto Sector Rises 5% to $15.1 Billion on FET Surge

The cryptocurrency market's artificial intelligence sector surged this week, with tokens like the Artificial Superintelligence Alliance's FET leading gains amid broader positive sentiment. As of Friday, the AI sector's total market capitalization climbed 5 percent over the past 24 hours to 15.1 billion, according to CoinGecko data, following a 16 percent increase over the previous week tracked by CoinMarketCap. FET, trading at approximately 0.1957, rose about 8 percent in the last day and 35.8 percent over the week, reflecting heightened investor interest in AI-focused projects.

This momentum propelled FET above key technical levels, signaling a potential shift from its prolonged downtrend. The token broke out of a long-term descending channel that had persisted since September, with analysts noting strong buying volume supporting the move. Trading volume for FET jumped 93 percent in the past 24 hours to 184.84 million, while its market capitalization reached 452.93 million, up 14 percent. Support now holds around 0.178 to 0.180, with immediate resistance at 0.195, which the token recently reclaimed after testing it as a barrier. Further upside targets include 0.20, 0.205,...