Date: Sat, June 28, 2025 | 10:10 AM GMT
The cryptocurrency market is making a steady recovery as tensions between Israel and Iran ease. Ethereum (ETH) has rebounded sharply, jumping from its recent low of $2,113 to climb near the $2,425 level. Riding this renewed momentum, memecoins are also bouncing — including Pudgy Penguins (PENGU).
PENGU is currently showing impressive daily gains of over 21%, following a clean breakout from its falling wedge structure. Now, all eyes are on Artificial Superintelligence Alliance (FET), which appears to be on the verge of making a similar move.
FET Mirrors PENGU’s Breakout Setup
A side-by-side comparison on the 4-hour chart reveals a striking similarity between PENGU and FET. PENGU recently broke out of its falling wedge pattern, pushing above both the 100-day and 200-day moving averages. This move triggered a sharp 20% rally.
Now, FET appears to be following nearly the same path. It’s testing the upper resistance of its own falling wedge pattern while trading just below the 100-day MA. The current structure resembles the exact phase PENGU was in before its breakout—hinting that FET may be coiling for a similar move.
What’s Next for FET?
If FET follows through with the fractal and breaks out above the wedge resistance and the 100-day MA, it could target the 200-day MA as the next milestone. A successful breakout beyond that could propel the price toward $0.83, which stands as the next key resistance. From the current levels, this would represent a potential 25% upside.
However, a failure to hold the crucial $0.63 support level may invalidate the bullish setup, potentially leading to a downside retest and a delay in any near-term breakout.
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.
