Date: Mon, July 21, 2025 | 09:30 AM GMT
The broader cryptocurrency market continues to ride a bullish wave, led by Ethereum (ETH), which has surged 23% over the past week and is now trading above $3,770. This positive momentum is spilling into promising altcoins — and Artificial Superintelligence Alliance (FET) is showing signs of building even more upside momentum.
FET has gained 9% in the last seven days, extending its monthly rally to 23%. Beyond just the gains, a developing harmonic pattern on the daily chart is signaling that FET could have more room to run in the near term.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, FET is forming a Bearish ABCD harmonic pattern. Despite its bearish label, the CD leg — where price is currently advancing — often brings a strong bullish push as price travels toward its final target zone before any potential reversal.
The pattern started at Point A ($0.3444), rallied to Point B, retraced to Point C around $0.5487, and is now surging along the CD leg toward Point D. This is historically the most explosive phase of the pattern, often attracting short-term momentum traders.
What’s Next for FET?
If the CD leg continues to unfold as projected, FET could rally toward the Potential Reversal Zone (PRZ), which is anchored at the 1.46 Fibonacci extension of the BC leg, targeting $1.1944. This would represent a 47% gain from current levels and lines up with the symmetry of the AB leg, giving the projection added weight.
For this bullish outlook to remain intact, FET must continue to hold support above its 200-day moving average near $0.7627, which serves as a critical base for the ongoing rally.
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