Date: Sat, Oct 11, 2025 | 04:20 PM GMT
The cryptocurrency market has witnessed one of the most unforgettable and painful events in the last 24 hours, with a complete bloodbath following the news that President Donald Trump announced a 100% tariff on goods from China — sparking panic across global markets. The move resulted in the largest crypto liquidation in history, with over $19 billion wiped out within a single day.
This sudden crash triggered an altcoin massacre, with many tokens dropping over 50% within a minute — and Artificial Superintelligence Alliance (FET) was no exception
FET crashed to a low of $0.1497, a level not seen since late 2022, before rebounding to around to current level of $0.39. Interestingly, this low also coincides with a critical support level on the chart — a zone that could play a major role in determining FET’s next move.
Falling Wedge Pattern in Play
On the weekly chart, FET appears to be forming a falling wedge pattern, a technical formation that often signals selling exhaustion and hints at the potential for a bullish reversal ahead.
The most recent correction drove FET down to the wedge’s lower boundary near $0.1258, which has so far acted as a strong base for buyers to step in. From there, the token has managed to bounce toward $0.3986, though bearish pressure still lingers.
If this pattern continues to hold, it could mark the early stages of a potential trend reversal for FET — one that might unfold gradually in the coming weeks.
What’s Next for FET?
FET is now showing early signs of a bullish reversal setup, but before making a clear breakout attempt, the token might spend some time consolidating within its current narrow range.
If buyers step in with renewed momentum at this level, a rebound from the wedge’s lower boundary could trigger a bullish breakout above the upper resistance trendline. Such a move could propel FET toward the 200-day moving average (MA) at $0.6915 — a crucial technical level.
A successful breakout and sustained move above this MA would be the final confirmation that FET has regained bullish momentum after the recent market chaos.
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.
