FIL and FET Approaches Falling Wedge Resistance – Could Breakout Spark a Recovery?

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.

Source: Coinmarketcap

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.

Filecoin (FIL) Daily Chart/Coinsprobe (Source: Tradingview)

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.

FET Daily Chart/Coinsprobe (Source: Tradingview)

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.

Also Read: XRP Approaches Key MA Resistance – Could a Breakout Spark an Uptrend?