FET Skyrockets 32%: Falling Wedge Breakout Puts $0.50 Target in Sight

A classic chart pattern just delivered a knockout punch to the bears.

FET isn't just moving—it's breaking out with conviction. The digital asset ripped through a prolonged falling wedge formation, a technical setup that often precedes explosive upside moves. This isn't a random pump; it's a textbook signal that accumulation is over and the real rally is beginning.

The Mechanics of the Move

For weeks, FET traded within converging trendlines, with lower highs and lower lows squeezing price action into a tightening coil. That compression built up significant potential energy. The 32% surge represents that energy being released all at once, as buying pressure overwhelmed the established downtrend. The breakout confirms a shift in market structure from distribution to a new bullish phase.

Where It's Headed Next

All eyes are now on the $0.50 mark. Technical targets derived from the wedge's height suggest that level is not just hopeful thinking—it's the measured move objective. Reaching it would validate the pattern's predictive power and could open the door to even higher valuations. The key will be holding above the former wedge resistance, now turned support. If it does, the path of least resistance is definitively up.

In a market where most 'fundamentals' are just recycled hype, it's refreshing to see price actually obeying the charts for once. Maybe the algos are finally learning to read. The breakout is clear; now we see if the momentum has the stamina to match the ambition.

Falling Wedge Breakout Changes Market Structure

The Artificial Superintelligence Alliance (FET) had been in a prolonged downturn for a couple of months, characterized by decreasing highs and strong selling pressure. Analysis of the daily chart reveals the price consolidating within a falling wedge, in which the decreasing resistance line pushed prices downward, and the area of demand at $0.20-$0.22 consistently supported the price.

A clean breakout above the trend line indicates a positive change in the market structure. Currently, the price is trading around $0.26, which indicates acceptance of prices above the resistance level. The breakout renders the bearish configuration ineffective and indicates enhanced market momentum. Buyers are dominating the market, and the breakout in the wedge pattern indicates that the market has ended the consolidation stage and has entered the expansion phase.

Based on the measured MOVE from the falling wedge, the resistance levels on the upside are clearly recognized. The first level of resistance is approximately at the $0.30 mark, followed by a significant level of resistance at the $0.42 to $0.45 mark. If further accelerated movement is observed, the level of resistance at the $0.50 mark is likely to be achieved.

Artificial Superintelligence Alliance and Its Broader Vision

Artificial Superintelligence Alliance (ASI) is a collaboration that aims to accelerate the development of a decentralized AI. ASI aims to develop AI that is transparent and scalable. ASI seeks to make AI development independent of a central AI authority.

The Artificial Superintelligence Alliance ($FET) is a collaborative platform advancing superintelligent AI through decentralized networks, where agentic AI systems autonomously collaborate on complex goals in Web3 ecosystems. @R3LLabs has patented secure data tunnel tech and… pic.twitter.com/tkRC8FtROS

The alliance promotes responsible use of AI and public innovation. It promotes seamless interoperability of AI networks, data markets, and autonomous agents. Through shared governance, the Artificial Superintelligence Alliance strives to be one of the key leaders in building the future of a decentralized, community-controlled artificial intelligence.