Artificial Superintelligence Alliance (FET) Price Breaks Downtrend – Is a 48% Rally to $1 Around the Corner?
Artificial Superintelligence Alliance price has just broken out of a long downtrend and is now bumping up against a big resistance zone. A chart shared by popular analyst World Of Charts on X shows that FET has climbed out of a descending wedge, a setup that often comes before a bigger move.
According to World Of Charts, FET is now “testing a crucial multi-resistance area” and needs a clean breakout to make a run toward $1 in the next few days. The timing lines up with early signs of recovery in price, and buyers are starting to show up again.
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FET Price Breakout From Descending Wedge
The chart shows Artificial Superintelligence Alliance (FET) trading within a descending wedge pattern from mid-May to late June. This type of structure often precedes bullish reversals, particularly if confirmed by a breakout with increasing volume.
FET price has broken above the upper boundary of the wedge and is now facing horizontal resistance between $0.78 and $0.80. This zone has served as both support and resistance in past months. A daily close above this range could validate the breakout and push the token into a higher trading channel.
Artificial Superintelligence Alliance Price Target and Potential Move
The projected move, marked on the chart by a vertical measurement arrow, points to a potential 48.87% gain. This would place the price target near $1.10, assuming momentum continues and no strong rejection occurs at the resistance zone.
Such a move would represent a key technical shift, returning the token to levels last seen in early May. However, the rally remains contingent on buyer strength and a clean close above the $0.80 resistance.
The main resistance sits in the $0.78 to $0.80 range. The area has previously rejected price attempts and now plays a pivotal role in confirming the breakout.
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Moreover, support is visible near $0.68, which was the base of the wedge and the bounce zone that triggered the current move. If the breakout fails, this level may serve as a downside cushion.
Market participants are focusing on short-term confirmation of the breakout. A clear close above $0.80 on volume could attract new entries. Traders are also closely tracking any follow-through that may suggest continuation toward $1.00 and above.
With the technical structure shifting, FET price current setup is being monitored for a potential move that could reshape its near-term price trajectory.
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