bullish

Rally

Sherpa

Dogecoin

Gains

<p>Altcoin Sherpa, a top crypto trader and analyst, has highlighted the potential bullish reversal in the FET chart. Emphasizing the need for the daily market structure in a tweet, Altcoin Sherpa hinted that a higher low might have already developed and a higher high might be just around the corner.&nbsp;&nbsp;</p>
<p>This signals a possible <a href="https://captainaltcoin.com/fet-price-pumps-amid-new-artificial-superintelligence-alliances-updates/" target="_blank" rel="noopener noreferrer nofollow">trend shift for FET</a>, especially if key resistance levels are breached. Moreover, FET has had a notable price surge over the last day and week.&nbsp;</p>
<p>Per Coingecko data at publication, <a href="https://www.coingecko.com/en/coins/artificial-superintelligence-alliance" target="_blank" rel="noopener noreferrer nofollow">FET trades at $1.39</a>. The token’s value has increased by 3.24% in the last day and 23.83% over the week.</p>
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   <p lang="en" dir="ltr">not calling it quite yet but keep an eye on the 1D market structure for <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FET</a> and many other shitcoins. Potentially a higher low printed and a higher high may be coming too. If this happens, the trend flips bullish on the 1d and the trend as well. Eyes open and waiting <a href="https://t.co/Pnn4Dc9WRU" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Pnn4Dc9WRU</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1834127340810416415?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 12, 2024</a>
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<h2 class="wp-block-heading" id="strong-fet-pattern-signals-possible-breakout-strong"><strong>FET Pattern Signals Possible Breakout</strong></h2>
<p>The chart shared by Altcoin Sherpa showcases a potential “cup and handle” formation, which is a bullish pattern often signaling a reversal in price trends. The current price action indicates that FET is approaching a critical resistance zone around $1.47 to $1.50.&nbsp;</p>
<p>If the price breaks through this horizontal resistance level, it could confirm the bullish reversal. This pattern, combined with increased trading volume, suggests that buyers are gaining momentum, further supporting a possible breakout in the coming days.</p>
<h2 class="wp-block-heading" id="strong-200-day-moving-average-and-resistance-levels-strong"><strong>200-Day Moving Average and Resistance Levels</strong></h2>
<p>One of the key indicators to watch is the 200-day SMA, which is currently acting as a resistance zone for FET. As the price remains slightly below this crucial levels, traders should wait for a decisive breakout above this level to confirm a bullish trend shift.&nbsp;</p>
<p>If FET can surpass the 200-SMA with substantial volume, it could pave the way for continued upward movement. However, failure to do so might result in a pullback, leading to further consolidation near the resistance level.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-sui-price-up-this-trader-makes-bold-sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is SUI Price Up? This Trader Makes Bold SUI Price Prediction</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-higher-lows-and-growing-volume-strong"><strong>Higher Lows and Growing Volume</strong></h2>
<p>Altcoin Sherpa also pointed out the formation of higher lows in the FET price chart. These higher lows, observed in August and early September, increase the likelihood of a higher high forming. This is critical for confirming a bullish market structure.&nbsp;</p>
<p>Additionally, the recent surge in volume indicates growing interest in FET, which could support the continuation of its upward trend if resistance levels are successfully breached.</p>
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<p>The post <a href="https://captainaltcoin.com/fet-chart-signals-price-rally-here-are-key-levels-to-watch/" rel="noopener noreferrer nofollow">FET Chart Signals Price Rally – Here Are Key Levels to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

FET Chart Signals Price Rally – Here Are Key Levels to Watch

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