Why did the price of FET fall?

Artificial Superintelligence Alliance (FET) dropped 4.10% in the last 24 hours, underperforming the overall crypto market, which fell by 1.06%. This decline is driven by negative technical signals, volatility in AI-related tokens, and mixed progress within the ASI Alliance ecosystem.

1. Negative Technical Signals – FET fell below important support levels, similar to a pattern seen in mid-June that led to a 33% price drop.
2. AI Token Market Pullback – Investor confidence in AI tokens has weakened amid concerns about an "infrastructure bubble."
3. Ecosystem Challenges – Progress on ASI Alliance projects is slower than expected, and competition from other AI-focused crypto projects is increasing.

In-Depth Analysis

1. Technical Breakdown (Bearish Signals)

Summary:
FET’s price dropped to $0.634, testing the 50-day moving average at $0.6472 and breaking below a key chart pattern called the symmetrical triangle. The Relative Strength Index (RSI-7) is at 44.54, indicating weakening momentum, and the Moving Average Convergence Divergence (MACD) remains negative at -0.0007.

What this means:

• Falling below the $0.70–$0.78 price range triggered stop-loss orders, increasing selling pressure.
• Analysts have identified a repeating bearish pattern known as the ABCD fractal, which in June led to a 33% price drop (CryptoNewsLand).

Key level to watch:
If FET closes below $0.63, it could continue falling toward $0.57, the low from June.

2. AI Sector Volatility (Mixed Impact)

Summary:
The AI-focused crypto sector saw a 4.85% drop in market value in early July. FET and similar tokens like RNDR and TAO underperformed. Interest in AI-related topics surged on Google Trends by 320% in 2025, but current token prices are considered high.

What this means:

• After a strong 16% rally in early August, some investors took profits on FET (CoinDCX).
• Traders shifted their focus to newer trends like decentralized physical infrastructure networks (DePIN) and real-world assets (RWA), reducing demand for AI tokens.

3. Ecosystem Developments (Neutral Impact)

Summary:
The ASI Alliance, which includes Fetch.ai, SingularityNET, and Ocean Protocol, launched a $10,000 developer prize pool at ETHGlobal NY (@ASI_Alliance). However, progress on key tools like ASI:One and Agentverse has been slower than expected.

What this means:

• Delays in launching new products have limited short-term positive momentum.
• Competition is heating up, with BlockDAG raising $371 million in its presale and Sui’s developer activity increasing by 20% (CryptoNewsLand).

Conclusion

FET’s recent decline is due to technical selling triggers, a shift in investor focus away from AI tokens, and slower progress within the ASI Alliance ecosystem. While the Alliance’s long-term AI vision remains strong, traders are cautious about near-term risks.

What to watch:
Will FET hold above the 50-day moving average at $0.6472, or will a drop below $0.57 confirm bearish trends? Keep an eye on the ASI Alliance’s ETHGlobal NY event (August 15–17) for potential changes in momentum.

What could affect the price of FET?

The future price of FET depends on how well the merger goes, how widely the product is adopted, and overall market mood.

1. CUDOS Merger Vote – A community vote is coming that could increase computing power but also add more tokens, which might lower the price (Mixed Impact).
2. Institutional Demand – Nasdaq-listed company TRNR plans to buy $500 million worth of FET, showing strong confidence (Bullish).
3. Technical Outlook – Key resistance is at $0.69, with market patterns suggesting possible ups and downs ahead (Neutral).

Deep Dive

1. CUDOS Merger & Supply Changes (Mixed Impact)

Overview:
The Artificial Superintelligence Alliance (ASI) is proposing a merger with CUDOS, which requires community approval by September 24, 2024. This would convert 10 billion CUDOS tokens into FET at a ratio of 112.4 to 1, adding about 89 million new FET tokens—around 3.3% more supply. This merger would give FET access to decentralized GPU computing power that’s about 50% cheaper than Amazon Web Services (AWS). However, there’s a 5% merger fee and a vesting period of 3 to 10 months, which could lead to some selling pressure in the short term.

What this means:
The merger could boost FET’s position in AI infrastructure but might also dilute the token’s value if CUDOS holders sell their tokens after the vesting period ends. A similar merger between AGIX and OCEAN saw FET’s price drop nearly 10% within 30 days after the announcement (ASI Docs).

2. Institutional & Strategic Moves (Bullish)

Overview:
Interactive Strength (TRNR), a company listed on Nasdaq, plans to buy up to $500 million worth of FET to create an AI-focused treasury. So far, $55 million has been secured from investors ATW Partners and DWF Labs. Additionally, Fetch.ai has a $50 million buyback program scheduled for June 2025 to help reduce the total supply of tokens.

What this means:
TRNR’s large purchase could help establish FET’s real-world use in AI projects, while the buyback program may help balance out the increase in supply from the merger. Similar moves by companies like MicroStrategy, which bought large amounts of Bitcoin, have often led to price rallies lasting several months.

3. Technical & Market Sentiment (Neutral)

Overview:
FET is currently trading below its 200-day exponential moving average (EMA) at $0.78 but remains above a key support level at $0.58. The Relative Strength Index (RSI) is at 44.54, indicating neutral momentum. Meanwhile, derivatives data shows a 37% month-over-month increase in open interest, even though funding rates are negative.

What this means:
If FET breaks above the $0.69 resistance level (which corresponds to the 23.6% Fibonacci retracement), it could move toward $0.73 to $0.78, matching the bullish trend seen in July 2025. However, if it falls below $0.58, it might retest the low of $0.42 from March 2025.

Conclusion

FET’s price will likely fluctuate between the risk of dilution from the merger and the positive impact of institutional buying. The outcome of the CUDOS vote in mid-September and TRNR’s progress on their acquisition are key near-term events. The big question is whether ASI’s expanded computing network will generate significant revenue—through projects like ASI Train or Agentverse—before the vesting unlocks start in early 2026.

What are people saying about FET?

The community around Artificial Superintelligence Alliance (FET) is divided between optimism for a breakout and concerns about price consolidation. Here’s what’s trending:

1. Traders are watching $0.74 as a key reversal point after a recent dip to $0.64, marking a 3.5% drop over the week.
2. A $50 million buyback has boosted bullish sentiment, but FET is still down 51.7% over the past year.
3. A Nasdaq-listed company’s plan to acquire $500 million in FET has sparked interest from institutional investors.
4. Claims of a potential “15,000% rally” face skepticism due to risks of a bearish technical breakdown.

Deep Dive

1. @Fetch_ai: $50M Buyback Shows Confidence 🟢

“FET is undervalued… this buyback shows our commitment to the ecosystem.”
– Fetch.ai CEO Humayun Sheikh (CoinMarketCap, June 19, 2025)
What this means: This is a positive sign for FET. By buying back tokens, the circulating supply (currently 2.37 billion) decreases, which can reduce liquidity and potentially support higher prices. The market reacted quickly with a 7% price increase right after the announcement.

2. @TRNR: Corporate Treasury’s $500M Bet on AI Tokens 🟢

“We’re raising $500 million to build the world’s largest AI crypto treasury using FET.”
– CEO of Interactive Strength (Yahoo Finance, June 11, 2025)
What this means: This signals growing institutional interest in FET, similar to how MicroStrategy invested heavily in Bitcoin. It validates FET’s role in combining AI and blockchain technology for real-world business applications.

3. @CryptoTA: Macro Channel Suggests Potential 5,000% Gain 🟠

“FET is in a price zone that previously led to 15,000% rallies. A $24 target is possible if history repeats.”
– Anonymous analyst (CoinMarketCap, August 5, 2025)
What this means: This is a high-risk, speculative outlook. FET’s long-term upward trend (with support around $0.35) indicates accumulation, but the current price of about $0.64 would need to increase over 3,600% to reach $24.

4. @BearAlert: Price Breakdown Below Key Support Level 🔴

“FET broke its symmetrical triangle pattern – next support is at $0.57, with the RSI indicating oversold conditions.”
– Technical analysis (CoinMarketCap, August 3, 2025)
What this means: This is a bearish signal in the short term. The daily supertrend indicator turned negative, and 30-day price volatility dropped by 9.71%, suggesting caution despite the strong AI-related narrative.

Conclusion

The outlook for FET is mixed, balancing strong institutional support against uncertain technical signals. The $50 million buyback and Interactive Strength’s $500 million commitment show confidence from big players. However, FET needs to maintain support at $0.59 (the 200-day moving average) to avoid a potential cascade of sell-offs. Keep an eye on the progress of the ASI merger (integration of SingularityNET and Ocean Protocol) and the critical $0.35 support level—a drop below this could challenge the idea of FET as a “generational accumulation” opportunity.

What is the latest news about FET?

FET is navigating both technological challenges and ecosystem growth. Here are the key updates:

1. ETHGlobal NY Hackathon Prize (August 9, 2025) – A $10,000 developer contest to build AI agents
2. Singularity Finance Roadmap (July 18, 2025) – Launching AI portfolio tools and trading bots in Q3
3. Price Tests Key Support (August 2, 2025) – Holding steady around $0.66 amid mixed market signals

In-Depth Look

1. ETHGlobal NY Hackathon Prize (August 9, 2025)

What’s happening:
The Artificial Superintelligence Alliance (ASI Alliance) is offering a $10,000 prize at the ETHGlobal New York event (August 15-17). Developers are challenged to create AI systems that work across different blockchains and real-world applications using ASI:One, the MeTTa programming language, and Ocean Protocol’s data tools (source).

Why it matters:
This contest encourages innovation by inviting developers to build practical AI agents on FET’s decentralized platform. The success of this initiative depends on the quality and creativity of the projects submitted.

2. Singularity Finance Roadmap (July 18, 2025)

What’s happening:
ASI’s decentralized finance (DeFi) division announced plans for the second half of 2025. This includes AI-powered portfolio managers and easy-to-use trading bots launching in Q3, plus a new Agentic Discovery Hub in Q4 that will help users evaluate projects with autonomous AI agents (source).

Why it matters:
These tools aim to make FET more useful in DeFi by automating financial tasks with AI. Their success will depend on how many users adopt these features and how well they integrate with existing DeFi platforms.

3. Price Tests Key Support (August 2, 2025)

What’s happening:
FET’s price hovered around $0.66, testing a critical support level within a five-month trading pattern. Analysts see mixed signals: some indicators suggest selling pressure, while others hint at buyers stepping in. If the price falls below $0.67, it could drop to $0.38. On the other hand, breaking above $0.78 might trigger a new upward trend (source).

Why it matters:
This price action shows uncertainty in the market about the value of AI-related cryptocurrencies. The coming weeks will be important to see if FET can hold support or if it faces further declines.

Summary

FET is balancing growth efforts—like hackathons and new DeFi tools—with technical challenges and skepticism around AI tokens. With the Altcoin Season Index at 71/100, the token’s future may depend on whether developers can deliver useful AI agent applications before key price support breaks.

Key question: Will ASI’s ETHGlobal event produce AI agents that effectively interact with Ethereum decentralized apps (dApps)?

What is expected in the development of FET?

The Artificial Superintelligence Alliance’s roadmap centers on growing its ecosystem, building AI infrastructure, and migrating its tokens.

1. Agentic Discovery Hub (Q4 2025) – A dashboard that uses autonomous AI agents to evaluate AI projects.
2. ASI Token Migration (Date TBD) – Moving all tokens to a single ASI token across multiple blockchains.
3. ASI Chain Development (2026+) – Creating a modular blockchain to support decentralized AI coordination.

Deep Dive

1. Agentic Discovery Hub (Q4 2025)

Overview:
Singularity Finance, the financial branch of the ASI Alliance, plans to launch the Agentic Discovery Hub by the end of 2025. This platform will offer interactive dashboards powered by autonomous AI agents. Users will be able to explore and assess AI projects using real-time key performance indicators (KPIs) and decentralized data (MEXC News).

What this means:
This is positive news for FET, as it improves the ecosystem by making it easier to direct funding to promising AI startups. However, there is a risk of delays or low user adoption if the platform is too complicated to use.

2. ASI Token Migration (Date TBD)

Overview:
The next phase involves merging the tokens FET, AGIX, and OCEAN into a single ASI token that will operate across Ethereum, Cosmos, and Fetch.ai blockchains. This will simplify governance and liquidity by unifying these assets (ASI Token Migration Guide).

What this means:
This move is generally positive because it reduces token fragmentation, making the ecosystem easier to navigate. However, there are risks such as technical issues during migration or delays in exchange support, which could cause short-term price swings.

3. ASI Chain Development (2026+)

Overview:
The Alliance is working on ASI Chain, a modular blockchain designed to support decentralized AI coordination, agent-based economies, and interoperability between blockchains. This long-term project aims to combine Fetch.ai’s autonomous agents, Ocean’s data marketplaces, and CUDOS’ computing resources (Roadmap 2025).

What this means:
This is promising for long-term growth, but timelines may shift. Success depends on overcoming technical challenges related to scaling AI workflows across multiple blockchains.

Conclusion

The Artificial Superintelligence Alliance is focusing on building useful tools (Agentic Discovery Hub), unifying tokens, and developing infrastructure (ASI Chain) to strengthen its position in decentralized AI. While there are typical risks associated with crypto projects, this roadmap aligns well with the increasing interest in combining AI and blockchain technology. These developments could encourage more institutional involvement in decentralized AI markets.

What updates are there in the FET code base?

Recent updates focus on building better AI tools and making it easier for developers to create AI applications.

1. ASI-1 Mini Performance Boost (September 15, 2025) – Improved AI agent efficiency and automated task handling.
2. Agentverse Integration (August 15, 2025) – Launched tools for AI agents to work together across different blockchains.
3. MeTTa Language Support (August 15, 2025) – Added advanced reasoning abilities for AI agents.

Deep Dive

1. ASI-1 Mini Performance Boost (September 15, 2025)

Overview:
ASI-1 Mini is a flexible AI framework that just got an upgrade to use hardware more efficiently and automate workflows better. This means developers can build AI applications that scale well without using too many resources.

The update includes smart resource management that cuts down AI agent response times by about 30% in tests. Now, AI agents can handle complex tasks like decentralized finance (DeFi) yield farming or data analysis on their own, without needing manual help.

What this means:
This is good news for Artificial Superintelligence Alliance (FET) because it makes it easier for developers to create powerful AI apps, which could lead to more people using the platform. Users will enjoy faster and more affordable AI services.
(Source)

2. Agentverse Integration (August 15, 2025)

Overview:
Agentverse is a decentralized marketplace where AI agents can be bought and sold. It now supports multiple blockchains, including Ethereum, Fetch.ai, and Cosmos, allowing AI agents to work across these networks.

The update also added a reputation system based on blockchain activity to encourage reliable agent performance. Over 1,200 AI agents were launched in the first week after this update.

What this means:
In the short term, this might not change much for FET, but in the long run, it’s a positive development. While it may take some time for developers to adapt to the new system, the ability for AI agents to operate across multiple blockchains strengthens FET’s role as a leader in decentralized AI.
(Source)

3. MeTTa Language Support (August 15, 2025)

Overview:
The ASI team added support for MeTTa, a programming language designed for cognitive tasks. This lets AI agents think more like humans by using symbolic reasoning, which helps with tasks like predicting market trends or assessing risks.

Developers can now create AI models that combine machine learning with rule-based logic. Early users have seen a 40% improvement in prediction accuracy in markets.

What this means:
This is a strong positive for FET because it opens up new possibilities in complex fields like finance and logistics, attracting more enterprise developers.
(Source)

Conclusion

The Artificial Superintelligence Alliance is focusing on building modular AI infrastructure that boosts developer productivity and supports multiple blockchains. While short-term price movements depend on the overall crypto market, these updates position FET as a key player in decentralized AI. How will other AI-focused blockchains respond to ASI’s growing set of tools?