Date: Sun, Sept 07, 2025 | 06:30 AM GMT
The cryptocurrency market remains slightly choppy as Bitcoin (BTC) consolidates near $110,000, while Ethereum (ETH) hovers around $4,300 after retreating from its recent high of $4,953. Despite this broader volatility, several altcoins are showing interesting setups, with AI token Artificial Superintelligence Alliance (FET) beginning to stand out.
$FET is trading back in the green today and, more importantly, its chart is now displaying a key bullish structure that hints at a potential breakout in the sessions ahead.
Source: Coinmarketcap
Falling Wedge in Play?
On the daily chart, FET is shaping a Falling Wedge pattern — a formation typically seen as a bullish reversal setup that signals the exhaustion of a downtrend and the possibility of renewed upward momentum.
The latest rejection from the wedge resistance trendline pushed the price lower toward its base support near $0.5780, where buyers stepped in firmly. This defense sparked a rebound, with FET now bouncing back to around $0.6196, sitting just beneath its wedge resistance.
FET Daily Chart/Coinsprobe (Source: Tradingview)
This positioning suggests that a breakout attempt could be imminent.
What’s Next for FET?
If FET manages to break decisively above the wedge resistance and reclaim the 200-day moving average ($0.6643), it would act as a strong bullish confirmation. Such a move could fuel momentum toward the next major technical target at $0.9831, based on the wedge’s measured move projection.
On the other hand, if FET fails to secure a breakout and slips back, it could revisit its support trendline, leaving the bullish setup at risk of delay.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
