Date: Sun, Sept 07, 2025 | 06:30 AM GMT
The cryptocurrency market remains slightly choppy as Bitcoin (BTC) consolidates near $110,000, while Ethereum (ETH) hovers around $4,300 after retreating from its recent high of $4,953. Despite this broader volatility, several altcoins are showing interesting setups, with AI token Artificial Superintelligence Alliance (FET) beginning to stand out.
FET is trading back in the green today and, more importantly, its chart is now displaying a key bullish structure that hints at a potential breakout in the sessions ahead.
Falling Wedge in Play?
On the daily chart, FET is shaping a Falling Wedge pattern — a formation typically seen as a bullish reversal setup that signals the exhaustion of a downtrend and the possibility of renewed upward momentum.
The latest rejection from the wedge resistance trendline pushed the price lower toward its base support near $0.5780, where buyers stepped in firmly. This defense sparked a rebound, with FET now bouncing back to around $0.6196, sitting just beneath its wedge resistance.
This positioning suggests that a breakout attempt could be imminent.
What’s Next for FET?
If FET manages to break decisively above the wedge resistance and reclaim the 200-day moving average ($0.6643), it would act as a strong bullish confirmation. Such a move could fuel momentum toward the next major technical target at $0.9831, based on the wedge’s measured move projection.
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