bullish

Bitcoin

AI Crypto

Resistance

<p><a href="https://captainaltcoin.com/fet-price-pumps-amid-new-artificial-superintelligence-alliances-updates/" target="_blank" rel="noopener noreferrer nofollow">FET is in a promising position</a> following key technical developments, as highlighted by crypto analyst Crypto_Jobs. The token has seen a bullish retest at the $1.240 level.&nbsp;</p>
<p>Moreover, this is alongside the formation of a potential Cup and Handle pattern on the 4-hour chart. These indicators point toward a potential price surge, contingent on maintaining critical support levels.</p>
<h2 class="wp-block-heading" id="strong-breakout-from-falling-wedge-strong"><strong>Breakout from Falling Wedge</strong></h2>
<p>The break from a 175-day declining wedge pattern is among the most obvious changes in FET’s price movement. Usually indicating that a protracted downfall may be ending, falling wedges are positive reversal indications.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FET</a> – Update: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>-A bullish retest has been made exactly on the 1.240$ level <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>-Possible Cup &amp; Handle [H4]<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>-The price is also consolidating above the 175 days fallwing wedge! <br><br>As long as <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FET</a> price hold above the 1.180$ [POC point] and uptrend a new run up toward 1.700… <a href="https://t.co/2x3QnLWfd8" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2x3QnLWfd8</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9.png" alt="🧙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Crypto_Jobs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9-200d-2642-fe0f.png" alt="🧙‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA &amp; FA <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoJobs3) <a href="https://twitter.com/CryptoJobs3/status/1836022236634874219?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 17, 2024</a>
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<p>In this case, the breakout aligns with other technical factors that suggest further upside. Crypto_Jobs notes that as long as the FET price holds above the $1.180 POC, which marks an area of high trading activity, there is potential for a new upward trend.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-key-support-and-resistance-levels-strong"><strong>Key Support and Resistance Levels</strong></h2>
<p>The $1.240 level has proven to be a significant support point after a successful bullish retest. If the price continues to consolidate above this level, the bullish momentum could remain intact. On the downside, key support levels include $1.120 and $0.950, which may offer good entry points for long-term accumulation if the market sees a broader pullback.</p>
<p>Resistance levels will be crucial for confirming a sustained upward move. The immediate resistance zone lies between $1.450 and $1.460. A breakout beyond this range could unlock further potential, with targets set at $1.700 and $1.900 in the mid-term.&nbsp;</p>
<p>Crypto_Jobs notes resistance points to watch at $1.640, $1.750, $1.800, and $1.920, leading up to a potential move toward $2.00.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/dot-price-prediction-will-polkadot-ever-hit-10-with-its-market-cap/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>DOT Price Prediction – Will Polkadot Ever Hit $10 With Its Market Cap</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-mid-term-outlook-for-fet-strong"><strong>Mid-Term Outlook for FET</strong></h2>
<p>The mid-term outlook is favorable if FET can sustain its critical support levels and overcome its immediate resistance. <a href="https://coinmarketcap.com/currencies/artificial-superintelligence-alliance/" target="_blank" rel="noopener noreferrer nofollow">FET’s price will increase</a> around $1.700 to $1.900, particularly if it continues to exhibit a positive trend.&nbsp;</p>
<p>Still, if the general state of the market is bad, lower support levels might be triggered, which would create a good chance for accumulation close to $1.120 and $0.950.</p>
<p>The behavior of the larger market, <a href="https://www.coindesk.com/markets/2024/09/18/first-mover-americas-bitcoin-drops-below-60k-ahead-of-expected-fed-rate-cut/" target="_blank" rel="noopener noreferrer nofollow">especially Bitcoin</a>, will affect the price motion of FET. A drop in Bitcoin could force the price of FET into its lower support levels to move towards accumulation chances. Crypto_Jobs advises accumulating around $1.120 and $0.950 if the market experiences a downturn.</p>
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<p>The post <a href="https://captainaltcoin.com/fet-breaks-out-of-key-pattern-can-the-ai-crypto-surge-to-2-next/" rel="noopener noreferrer nofollow">FET Breaks Out of Key Pattern: Can the AI Crypto Surge to $2 Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

FET Breaks Out of Key Pattern: Can the AI Crypto Surge to $2 Next?

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