FET Forms Falling Wedge Pattern: Can Altcoin Maintain Support and Surge?

The price of FET is currently trading at $0.1195, showing a decline of almost 4.50% over the last 24 hours.

FET has formed a falling wedge pattern on the 15-minute chart, and experts believe it may surge soon with bull targets as high as $0.4 and bear targets as low as $0.05.

The asset has been showing strong bullish indicators and maintaining its support range, but one expert believes FET may have lost a structure it was trying to defend on the weekly chart.

A recovery back above the broken support would be the first sign of strength for FET, while a continued downtrend could lead to further price dips, potentially reaching the $0.05 level.