Bulls and Bears Clash at €0.57 as FET's Falling Wedge Near Break

The FET token, native to the Artificial Superintelligence Alliance (FET), has recently formed a falling wedge pattern on its price chart, drawing attention from traders and analysts as key recovery levels come into focus. The pattern, characterized by converging downward-sloping trendlines, suggests a potential bullish reversal if the price breaks above its upper boundary. As of September 21, 2025, FET traded at €0.5483, reflecting a 0.8% decline from the previous day and a 4.9% drop from its value seven days ago . The falling wedge formation has emerged against a backdrop of volatile short-term price swings, with the token’s 24-hour trading volume reaching €37.7 million .

Technical analysts highlight the falling wedge as a continuation pattern, often signaling a breakout in the direction of the prevailing trend. In this case, FET’s wedge has been forming within a broader bearish context, with the price struggling to reclaim key resistance levels above €0.57. A successful breakout above this threshold could validate the pattern’s bullish implications, potentially driving the token toward the next critical resistance at €0.59 . Conversely, a breakdown below the wedge’s lower trendline—currently around €0.53—could reinforce the downtrend, extending the correction to longer-term support levels .

Market sentiment remains mixed, with the token’s 30-day performance underscoring its underperformance against the broader cryptocurrency market. Over the past month, FET has declined by 3.0%, lagging behind a 0.7% gain in the overall crypto market . This divergence has prompted traders to closely monitor on-chain activity and volume patterns for signs of conviction. For instance, a surge in trading volume during a potential breakout above €0.57 would strengthen the case for a sustained rally, while weak volume could signal a false signal .

The falling wedge’s validity is further tested by FET’s historical price behavior. Over the past week, the token’s price has oscillated between €0.5421 and €0.5711, with the most significant 24-hour movement occurring on September 18, when it rose by 4.0% to reach €0.5710 . These fluctuations highlight the market’s indecision, as buyers and sellers contest control near key psychological levels. Analysts note that the pattern’s success hinges on the ability of bullish momentum to overcome lingering bearish pressure, particularly given FET’s 7-day price decline of 4.2% .

Looking ahead, the token’s trajectory will depend on its interaction with critical support and resistance zones. The €0.55 level, currently acting as a pivot point, represents a crucial psychological barrier for buyers. A sustained close above this level could trigger a cascade of stop-loss orders and technical buying, potentially propelling FET toward the next major resistance at €0.60 . Conversely, a failure to hold above €0.55 may invite further selling, testing the robustness of the falling wedge structure.

The broader market environment for FET is shaped by its role in the Artificial Superintelligence Alliance, a project merging AI and blockchain to create autonomous economic agents. While the project’s long-term vision remains intact, short-term price dynamics are heavily influenced by technical factors and market sentiment. With the token’s market capitalization at €1.43 billion and a fully diluted valuation of €1.49 billion, investors are balancing optimism about the project’s utility with caution over near-term volatility .

[1] FET to EUR: Artificial Superintelligence Alliance Price in Euro (https://www.coingecko.com/en/coins/artificial-superintelligence-alliance/eur)

[2] FET to EUR: Live Artificial Superintelligence Alliance to Euro Rate (https://coinmarketcap.com/currencies/artificial-superintelligence-alliance/fet/eur/)