Date: Wed, May 21, 2025 | 07:38 AM GMT
The cryptocurrency market has mounted a solid comeback in recent weeks, with Ethereum (ETH) continuing to lead the charge. ETH has surged more than 56% in the past month and is now trading near $2,550 — a level not seen since late February. This bullish momentum is uplifting sentiment across altcoins, including Artificial Superintelligence Alliance (FET).
FET has posted monthly gains of over 30%, and now a potential emerging technical structure could be the key to decoding its next move.
Elliott Wave Impulse Pattern Signals More Upside
On the daily chart, FET appears to be forming a classic 5-wave Elliott Impulse pattern — a bullish technical setup that typically signals the continuation of a strong uptrend. So far, this structure has lifted FET by around 42% from its initial breakout point in April.
Wave 3 peaked at approximately $0.91, where the token faced some selling pressure and corrected back to $0.70. This move carved out Wave 4, a healthy 23% pullback that helped reset indicators and cool off short-term overbought conditions. Interestingly, this retracement held firmly above the 100-day moving average — currently acting as a strong support near $0.70 — and the price has already started to bounce from this level.
FET is now trading around $0.78, hinting at the early stages of Wave 5 — the final leg in the Elliott pattern, which often delivers a powerful rally before a larger consolidation phase begins.
If the current structure continues to unfold according to plan, Wave 5 could push FET toward $1.04 — roughly a 50% gain from where the token currently stands. This target coincides with the 1.27 Fibonacci extension level from the Wave 2 to Wave 4 move, which often acts as a magnet in strong bullish trends.
Market structure aside, FET holding above the $0.70 region is crucial. This area is now a key support, and any sustained breakdown below it could invalidate the bullish setup. Should that happen, the next significant level to watch would be the 50-day moving average near $0.63.
What’s Next for FET?
FET appears to be at a critical moment. The current chart pattern suggests that the token could be entering Wave 5 — the final push of a bullish Elliott Wave cycle — with a possible target at $1.04 if momentum continues.
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.
