币界网报道：FET price is showing signs of a potential breakout from a falling channel pattern as whale confidence appears to be recovering. The AI-focused cryptocurrency has gained attention with its recent price movements, currently trading around $1.40 after bouncing from support at $1.20. On-chain data reveals that large holders (whales) have been accumulating FET tokens, with the number of addresses holding 1 million to 10 million FET increasing by 5% over the past week. The token's trading volume has surged by 35% in the last 24 hours, indicating renewed market interest. Technical indicators suggest FET could target $1.60 if it successfully breaks out of the current descending channel, though failure to sustain momentum may see it retest the $1.20 support level. The recovery in whale activity coincides with growing anticipation around Fetch.ai's upcoming AI developments and potential partnerships in the decentralized machine learning space.