FET To Rise Higher? To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move

Date: Sat, Aug 23, 2025 | 07:04 PM GMT The cryptocurrency market turned bullish after Jerome Powell hinted at potential rate cuts in September during today’s Jackson Hole event. Following the remarks, Ethereum (ETH) surged to a new all-time high of $4,878, igniting strong momentum across the altcoin sector, including Artificial Superintelligence Alliance (FET). $FET is trading in the red, bit its latest chart structure suggests that the upside move could be on the horizon.

Source: Coinmarketcap Harmonic Pattern Hints at Bullish Continuation On the daily chart, FET is forming a Bearish Gartley harmonic pattern. Despite the “bearish” label, this formation often precedes strong rallies during the CD leg — typically the most impulsive stage of the move. The structure began at point X ($0.8853),Dropped to point A, before rebounding to point B,Then retraced lower to point C around $0.6382. From there, FET has bounced back sharply and is now trading near $0.68, reclaiming the 200-day moving average ($0.6747)—a crucial sign of regained bullish momentum.

FET Daily Chart /Coinsprobe (Source: Tradingview) The immediate challenge for bulls lies at the 100-day moving average ($0.7262), which has acted as a strong resistance barrier in recent months. A decisive close above this level could open the doors for the next leg higher. What’s Next for FET? If buyers manage to push FET above the 100-day MA, the token could rally toward its Potential Reversal Zone (PRZ) between $0.8246 and $0.8850. These Fibonacci-based targets represent where the Gartley pattern is likely to complete before a potential pullback. From current levels, this move would represent up to a 29% upside. On the flip side, the 200-day MA ($0.6747) now acts as the most important support. As long as FET holds above this level, the bullish outlook remains valid. A breakdown below it, however, would weaken the setup and delay the upside scenario. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.