Date: Tue, Sept 02, 2025 | 05:50 PM GMT
The cryptocurrency market remains volatile as Bitcoin (BTC) consolidates near $110,000, while Ethereum (ETH) hovers around $4,300 after retreating from its recent high of $4,953. Despite the broader choppiness, several altcoins are delivering mixed performances, with AI token Artificial Superintelligence Alliance (FET) beginning to flash early signs of strength.
FET is trading back in the green today, and more importantly, its chart is now displaying a harmonic setup that suggests the potential for a significant bounce back.
Harmonic Pattern Hints at Potential Upside
On the daily chart, FET is forming a Bearish Cypher harmonic pattern. While the name suggests a bearish bias, the CD leg often unfolds with a bullish rally before price action approaches its Potential Reversal Zone (PRZ).
The structure began at Point X near $0.8851, corrected down to Point A, rebounded toward Point B, and then pulled sharply lower to Point C around $0.5783. Since then, FET has bounced slightly and is currently trading near $0.6038, though still in the early phase of confirming a bullish continuation.
A key technical factor in this setup is the 200-day moving average ($0.6681). Historically, this level has acted as a strong dynamic resistance, and a decisive break and daily close above it could flip the level into support, paving the way for stronger bullish momentum.
What’s Next for FET
If bulls defend the C-point support ($0.5783) and push higher, the CD leg could drive FET toward the PRZ between $0.8247 (0.786 Fibonacci extension) and $0.8851 (1.0 extension). These levels are historically where the cypher pattern tends to complete, making them critical upside targets.
On the flip side, if FET fails to hold $0.5783, the pattern setup would weaken, and traders may need to reassess whether a new C-point is forming.
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