Is FET Poised for a Rebound? Analyst Spots Key Harmonic Pattern Signaling an Upside Move

Date: Tue, March 25, 2025 | 10:56 AM GMT

The cryptocurrency market is showing strong signs of a rebound as Bitcoin (BTC) and Ethereum (ETH) both surged by 5% and 9% over the past seven days. This has provided much-needed relief to altcoins that suffered sharp corrections following the late 2024 rallies.

As sentiment gradually improves, the AI-focused token Artificial Superintelligence Alliance (FET) is gaining traction, surging over 11% in the past week. A recent technical analysis suggests that a potential rebound could erase its 90-day-long heavy correction and lead to a strong price recovery.

Source: Coinmarketcap

Bullish Shark Pattern Hints at Rebound

According to renowned crypto analyst Shelby, FET has been in a sharp downtrend since reaching its peak at $2.16 in December 2024. The token saw a significant price drop, hitting a low of $0.42, leading many to believe the bearish trend would continue. However, technical indicators are now signaling a potential reversal.

FET Weekly Chart/Source: @CryptoNewton (X)

One of the key bullish signals is the formation of a Shark harmonic pattern, a reversal structure that typically indicates an upcoming price surge. This pattern was completed at point D ($0.42), which coincided with a strong support zone, triggering a bounce back to $0.55.

If FET continues its upward trajectory, the next major resistance level sits at $1.08, aligning with previous price rejections. A breakout above this level could open the doors for further gains toward $1.43-$1.65, marking a potential 192% rally from current levels.

Additionally, momentum indicators like the RSI are beginning to show signs of bullish divergence, further strengthening the case for a sustained recovery. However, FET must maintain support above $0.50 to avoid slipping back into the downtrend.

Final Thoughts

With a bullish harmonic pattern in play, improving sentiment in the broader crypto market, and growing interest in AI-based tokens, FET may be on the verge of a strong rebound. However, traders should closely monitor resistance levels and market conditions before making any decisive moves.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

Also Read: SEI and GALA Hold Key Support After Major Decline – Will This Pattern Spark a Recovery?