Date: Sat, March 15, 2025 | 07:10 AM GMT
The crypto market is beginning to show signs of recovery, with Bitcoin (BTC) bouncing back from its recent low of $76K to its current level around $84K. After enduring a steep decline since the late 2024 highs, altcoins such as Filecoin (FIL) and Artificial Superintelligence Alliance (FET) have taken a heavy hit over the past three months.
However, as the market stabilizes, both tokens are starting to gain traction. They’re now climbing toward critical resistance levels within their respective falling wedge formations — and if a breakout occurs, it could potentially signal the early stages of a larger market rebound.
Filecoin (FIL) Analysis
Filecoin has had a tough run in recent months. After peaking at $8.43 on December 4, FIL plunged over 70%, eventually bottoming out at $2.44 on March 11. However, that level seems to have sparked a bounce.
As of now, FIL is trading around $2.86, moving closer to the upper resistance of its falling wedge pattern on the daily chart. A successful breakout above this resistance — followed by a retest — could open the door to the next key zone at $3.62, which also aligns with the 50-day moving average (MA).
If the bullish momentum continues, FIL could potentially rally toward the 100-day MA and the $4.95 level — a move that would represent nearly 70% gains from current levels.
FET (Artificial Superintelligence Alliance) Analysis
FET has mirrored a similar path. After topping out at $2.19 on December 6, the token experienced an even sharper decline, dropping a staggering 80% to a low of $0.42 on March 11. But just like FIL, FET found support and started to recover.
Currently, FET has climbed back to above $0.51, inching closer to the upper resistance of its falling wedge pattern. A breakout here, confirmed by a solid retest, could push FET toward the $0.83 resistance zone, which also coincides with its 50-day MA.
If bulls take control, the next major target would be $1.08, around the 100-day MA, representing a potential 108% upside from current prices.
Will a Breakout Spark a Wider Recovery?
Both FIL and FET are at a crucial turning point. Falling wedge formations are considered strong reversal indicators — but only if the breakout is confirmed with good volume and follow-through.
If these tokens manage to break their respective resistances, we could see strong rallies not just in these two coins but possibly across a broader range of altcoins. However, keep in mind that overall market sentiment, Ethereum’s price movement, and macroeconomic factors will all play a role in sustaining any recovery.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.