- FET has gained 22% weekly momentum after breaking out of a falling wedge pattern on April 11, with potential for 64% upside if it breaks above $0.58 resistance toward the $0.84 target.
- IOTA is forming a similar falling wedge pattern after a 78% decline from its 2024 highs, currently testing upper trendline resistance around $0.17 and positioning for a potential breakout.
- The crypto market is recovering from Black Monday following Trump's announcement of a 90-day tariff pause, lifting overall investor sentiment across the sector.
- Both tokens previously experienced massive rallies in 2024 (FET up 100%, IOTA up 500%) followed by steep corrections that formed bullish falling wedge technical patterns.
Date: Sun, April 13, 2025 | 10:40 AM GMT
After facing the Black Monday, the cryptocurrency market is beginning to shift gears into recovery mode since Wednesday after U.S. President Trump’s announcement of a 90-day pause on tariffs — a move that has lifted investor sentiment.
Among the early movers, Artificial Superintelligence Alliance (FET) is coming up in the spotlight with impressive weekly gains of 22%, gaining momentum with a key breakout. Meanwhile, IOTA (IOTA) is also showing promising signs, as its chart structure hints that it could be gearing up for a breakout similar to FET.
Artificial Superintelligence Alliance (FET)
On the daily chart, FET witnessed a powerful 100% rally back in late 2024. However, that surge was followed by a steep retracement of around 84%, eventually shaping into a classic falling wedge pattern — a technical formation often associated with bullish reversals.
The correction found a bottom near $0.3459, where FET respected the lower wedge boundary and started consolidating. The real game-changer came on April 11, when the price broke out of the wedge with a solid bullish candle.
Currently, FET is testing both the 50-day moving average and horizontal resistance near $0.58. A successful breakout above this level could propel the price toward the 100-day MA and the overhead resistance zone around $0.84, offering a potential 64% upside from current levels.
IOTA (IOTA)
Just like FET, IOTA had a massive run-up in 2024, rallying over 500%, only to crash back down by nearly 78%, bottoming out around $0.13.
But the bright spot? The entire retracement has carved out another falling wedge structure — hinting that IOTA might be nearing its own breakout moment. Currently trading at around $0.17, IOTA is now nudging the wedge’s upper trendline.
If IOTA can decisively break above this resistance and hold, we could see a wave of momentum kicking in. Immediate targets would be the 50-day MA and $0.21`, with the 100-day MA at $0.2377 as a major next stop — which is around 38% higher than the current price.
What’s Next?
Both FET and IOTA are showcasing strong technical setups. While FET has already started its breakout move, IOTA seems poised to be the next in line. With sentiment improving across the broader crypto market, these falling wedge patterns might become the launchpads for fresh upside moves.
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