FET Falls into Falling Wedge Pattern, Bullish Reversal Possible

The FET altcoin has formed a falling wedge pattern on its 15-minute chart. This technical indicator suggests that selling pressure is building and may soon lead to a bullish reversal.

According to Coinmarketcap analytics, the price of FET is currently trading at $0.1195, down 4.50% over the last 24 hours. This price action has some analysts concerned that the altcoin may have lost its support structure and could dip further, potentially reaching as low as $0.05.

However, other experts believe that FET will reclaim higher prices soon, with some targeting a potential surge to $0.4. The market sentiment for FET is currently bullish, and a confirmed breakout above the falling wedge pattern could lead to a swift recovery.