After a prolonged downturn and waning investor confidence, the cryptocurrency market is beginning to exhibit tentative signs of recovery. The catalyst? A surprise announcement from U.S. President Donald Trump, who recently declared a 90-day suspension of tariffs—an unexpected move that has boosted sentiment across global risk assets.
Within the altcoin sector, both Artificial Superintelligence Alliance (FET) and Worldcoin (WLD) have experienced significant corrections, each down more than 65% year-to-date. However, despite the steep declines, both tokens are now displaying a nearly identical technical setup that may signal a bullish reversal: the falling wedge—a classic chart pattern typically found at major market bottoms.
Artificial Superintelligence Alliance (FET)
FET’s price trajectory over the past five months has formed a textbook falling wedge, beginning with its peak at $2.22 in December 2024. Since then, the token has declined over 83%, bottoming out at $0.3459 on April 7. This level has now emerged as a key demand zone, attracting buyers and halting the downward momentum.
As of writing, FET is trading at $0.43 and is testing the upper boundary of the wedge pattern. A confirmed breakout—especially one supported by a retest—could set the stage for a move toward the 50-day moving average and the next resistance zone around $0.57, representing a potential 34% gain from current levels.
Should bullish momentum continue, additional upside targets include $0.83, with a longer-term potential to revisit the previous high of $2.20.
Worldcoin (WLD)
Worldcoin is exhibiting a nearly identical pattern. After reaching a high of $11.96 in March 2024, WLD plunged by approximately 95%, hitting a low of $0.57. The structure formed during this decline closely resembles a falling wedge, a formation known for signaling sharp reversals.
Currently trading around $0.70, WLD is approaching a confluence of resistance levels, including the wedge’s upper trendline and the 50-day moving average. A breakout and sustained hold above this zone could open the door for a substantial recovery. Immediate bullish targets lie at $1.83 (the 200-day MA) and $2.46, implying a potential 290% upside from current prices.
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Looking Ahead
FET and WLD are both nearing pivotal technical junctures. If either token confirms a breakout from its respective wedge formation, it could mark the beginning of a significant bullish reversal. With investor sentiment improving and structural strength returning to select altcoins, FET and WLD are well-positioned to emerge as early leaders in a potential market recovery.
For traders monitoring trend reversals, the signals are becoming increasingly clear. The key question now is whether the market will follow through.
