Will Artificial Superintelligence Alliance retest its lows?ASI(FETUSD) has recently retested the resistance area around the 1.70-1.80 area and may have gotten rejected. However, with BTCUSD at near ATHs again its possible the crypto market will experience a pullback where BTCUSD retests its prior resistance as support in the 70-75k area. With SPY and QQQ also at major yearly resistance levels which could indicate a short term pullback in the stock market and with lower highs on ASI's RSI, I think it makes sense to prepare for the possibility of FETUSD retesting its prior lows around the $0.80 area. If this occurs, this would be a good area to go long with the caveat that there are reasons to believe that the markets are close to topping as a whole.
I do think we will get a recession next year for a multitude of macro reasons. One of the first obvious signs would be once unemployment in the US starts sustainably going up which could happen as soon as December and January. If this plays out, I think crypto as a whole will get a nasty crash and altcoins like this one will see severe drawdowns potentially back to prices seen in 2023.