FET targets $0.22 after 10% rally - So why are traders still cautious?
Tech FET targets $0.22 after 10% rally – So why are traders still cautious? Artificial Superintelligence Alliance [FET] is currently benefiting from a rally linked to the broader artificial intelligence token narrative. The asset posted a 10% gain at press time, as chart projections point to another double-digit move to the upside. Despite this, there is a high probability that the rally may not fully materialize, as opposing forces point to weakening buyer strength in the FET market. FET forms a bullish flag pattern At the time of writing, FET was trading within a classic bullish flag pattern, a formation that has historically preceded significant price swings to the upside. The pattern forms when an asset undergoes a massive expansion in price, then consolidates within a slightly downward-trending channel before making another major upswing. FET has already passed through two phases of this pattern, completing the initial expansion and currently consolidating within the downward channel. Source: TradingView The third and final phase would see FET break above the upper resistance of the downward channel, with two price targets ahead: $0.22 and $0.24. Whether this expansion materializes, however, depends heavily on whether momentum and capital conditions align to support the breakout. FET capital outflow dominates The momentum picture on the chart









