Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Is Artificial Superintelligence Alliance (FET) Poised for a Breakout? Key Pattern Formation Suggests So!

Is Artificial Superintelligence Alliance (FET) Poised for a Breakout? Key Pattern Formation Suggests So!

CoinsProbeCoinsProbe2025/09/07 16:15
By:Nilesh Hembade

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.

Is Artificial Superintelligence Alliance (FET) Poised for a Breakout? Key Pattern Formation Suggests So! image 0 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.

Is Artificial Superintelligence Alliance (FET) Poised for a Breakout? Key Pattern Formation Suggests So! image 1 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.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Perhaps as soon as next week, the term "RMP" will sweep across the entire market and be regarded as the "new generation QE".

The Federal Reserve has stopped its balance sheet reduction, marking the end of the "quantitative tightening" era. The much-watched RMP (Reserve Management Purchases) could initiate a new round of balance sheet expansion, potentially injecting a net increase of $20 billion in liquidity each month.

ForesightNews2025/12/04 13:11
Perhaps as soon as next week, the term "RMP" will sweep across the entire market and be regarded as the "new generation QE".

Enemies reconciled? CZ and former employees join forces to launch prediction platform predict.fun

Dingaling, who was previously criticized by CZ due to the failure of boop.fun and the "front-running" controversy, has now reconciled with CZ and jointly launched a new prediction platform, predict.fun.

BlockBeats2025/12/04 12:35
Enemies reconciled? CZ and former employees join forces to launch prediction platform predict.fun

Why is it said that prediction markets are really not gambling platforms?

The fundamental difference between prediction markets and gambling lies not in gameplay, but in mechanisms, participants, purposes, and regulatory logic—the capital is betting on the next generation of "event derivatives markets," not simply rebranded gambling.

BlockBeats2025/12/04 12:35
Why is it said that prediction markets are really not gambling platforms?

2025 Crypto Prediction Mega Review: What Nailed It and What Noped It?

Has a year passed already? Have those predictions from back then all come true?

BlockBeats2025/12/04 11:14
2025 Crypto Prediction Mega Review: What Nailed It and What Noped It?
© 2025 Bitget