FET Price Prediction: AI Cryptocurrency Token Poised for a 45% Rally as Bullish Sentiment Grows

Artificial Super Intelligence Alliance (FET), a leading AI cryptocurrency token, has recently seen a significant 62% drop, causing concern in the market. However, the token has now reached a critical support level that could signal the start of a major price reversal.

Coinpedia’s recent technical analysis suggests that FET is showing signs of a bullish double-bottom pattern on its weekly chart. A double-bottom pattern occurs when an asset’s price hits a low point, recovers, dips again to nearly the same level, and then rises. This pattern is often seen as a precursor to a reversal of the current downtrend, signaling potential upside.

FET is currently at a crucial support level of $0.75, which has historically been a strong point for price reversals. After experiencing the steep 62% decline, the asset is now at a point where it could bounce back. The fact that FET is forming a double-bottom pattern at this level increases the likelihood of a reversal, suggesting that the price could rise in the coming weeks.

Furthermore, the token’s weekly chart shows a bullish divergence, where the price is moving downward while momentum indicators are moving upward. This divergence often indicates that the downtrend is losing strength and a reversal could be in the works. All these technical factors combined present a strong case for an impending price rebound.

FET’s recent price performance has been impacted by the broader market sell-off, with the asset facing a 62% decline from its all-time high. However, the token has now reached a critical support zone, which could signal the start of a major price reversal.

After experiencing a steep decline, the asset’s price has found support at a key level, forming a technical pattern that suggests the downtrend may be coming to an end. If FET manages to hold above this level, a 45% price rally might be on the cards.

Artificial Super Intelligence Alliance (FET) has faced significant price declines in recent weeks, but technical indicators and on-chain data suggest that the token may be ready for a reversal. With a double-bottom pattern forming, bullish divergence on the charts, and strong institutional interest, FET is primed for a potential 45% rally.

Traders and investors should closely monitor the $0.75 support level as a key threshold, as maintaining this level could lead to substantial upside momentum in the near future.