FET surges 16% to three-month high near $0.23
- —FET trades near $0.229, up 16% in 24 hours
- —Daily turnover hit a three-month high of $61 million, volume up 44%
- —Open interest rose 21% to $125 million, derivatives volume up 63%
- —Exchange netflow turned negative at about -241,000 FET
Why it matters: Spot buying and tokens leaving exchanges support the rally, but divided derivatives positioning leaves room for a pullback to $0.20.
Source: AMBCrypto