Date: February 3, 2025 | 06:03 PM GMT
After a brutal crash since yesterday, the cryptocurrency market is showing signs of recovery. The rebound comes after the Mexican President announced that U.S. tariffs would be delayed for a month following discussions with President Trump. This news has boosted investor sentiment, helping Bitcoin (BTC) reclaim $99K and Ethereum (ETH) bounce back to $2,700 from their 24-hour lows of $91K and $2,100, respectively.
Following this market-wide recovery, two major altcoins—Artificial Superintelligence Alliance (FET) and Worldcoin (WLD)—have also coming back on green track in last hour.
Both cryptocurrencies have held strong at key support levels and are forming a double bottom pattern, a historically bullish structure that could signal a major trend reversal.
Artificial Superintelligence Alliance (FET)
On the weekly chart, FET appears to be forming a double bottom pattern. The recent rejection from its neckline at $2.20 on December 2 caused a retracement to its critical support level of $0.60. However, FET has shown resilience, holding above support at $0.81.
Based on the chart, FET is currently completing the second bottom of the pattern. If the price continues to gain strength, a move toward the $2.20 neckline could be in play.
The MACD (Moving Average Convergence Divergence) indicator is beginning to show early bullish signals.
Worldcoin (WLD)
Similar to FET, WLD is also forming a double bottom pattern on the weekly chart. After facing a strong rejection from the $4.19 neckline on December 2, WLD retraced to its major support level of $0.96. However, the cryptocurrency has successfully held above this zone, currently trading at $1.35.
If WLD follows the double bottom structure, it could soon make a move back toward the $4.19 neckline, signaling a potential recovery.
WLD’s MACD indicator is mirroring FET’s trend, showing signs of bearish momentum weakening.
Will This Pattern Lead to a Recovery?
At the moment, both FET and WLD are displaying strength at their major support levels. A successful breakout above their respective neckline resistances could confirm a bullish reversal, leading to a strong recovery.
However, the overall market sentiment—especially Bitcoin and Ethereum’s price action—will play a crucial role in determining whether these altcoins continue their upward trajectory. Traders should closely watch how these patterns develop in the coming weeks.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
