Date: Tue, Sept 23, 2025 | 06:50 AM GMT
The cryptocurrency market is facing notable selling pressure, with Ethereum (ETH) sliding to the $4,200 level after a 6% weekly drop. Major altcoins are also under stress, including AI-focused token Artificial Superintelligence Alliance (FET), which has declined nearly 5% this week.
More importantly, FET is now retesting a pivotal breakout zone, a level that could dictate its next move.
Retesting the Falling Wedge Breakout
For several weeks, FET had been locked inside a falling wedge pattern — a widely recognized bullish reversal setup that often hints at a trend shift. The token found firm support around $0.5780 before staging a rebound that pushed it above the wedge’s descending resistance line, confirming a breakout near $0.64.
That breakout fueled momentum toward a local high of $0.6980, which aligned closely with the 200-day moving average ($0.6803). However, sellers took profits at this resistance, dragging the price back down.
Now, as is typical after strong breakouts, FET has pulled back to retest the wedge’s upper boundary. Currently trading around $0.6032, the price is resting at this critical level — where bulls will try to reassert control.
What’s Next for FET?
The retest is unfolding in a constructive manner, but for the bullish momentum to remain intact, buyers must defend this breakout zone. If they succeed, the first hurdle will be reclaiming the 200-day MA ($0.6803). Clearing that resistance could unlock a stronger move upward.
Based on the wedge’s technical projection, FET has the potential to climb toward $0.9231, representing nearly 52% upside from current levels.
On the flip side, if FET slips back under $0.56, it would signal a failed breakout — a bearish scenario that could trap bulls and delay any meaningful recovery.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.