FET nears breakout: Could a 20-30% rally be next? – BitRss

• FET consolidates near $1.33 as traders eye a breakout above $1.38 resistance.
• On-chain activity surges, while technical indicators and liquidations suggest potential bullish momentum.

Artificial Superintelligence Alliance [FET] is drawing significant attention as it nears a potential trendline breakout that could trigger a 20-30% rally. At press time, FET is trading at $1.33, reflecting a slight 1.19% dip in the last 24 hours. 

However, growing on-chain activity and strong technical indicators suggest that bullish momentum may soon take hold. Will FET meet these expectations and stage a remarkable rally?

Is a breakout above $1.38 on the horizon?

FET’s price is currently trading within a descending channel, with $1.38 serving as the critical resistance level for a bullish breakout.

A move beyond this threshold could propel the price toward $1.60, representing the anticipated 20-30% surge. 

Historical price patterns show that FET has successfully broken out of similar setups in the past. However, sustained volume and bullish momentum are essential to confirm this scenario and attract further investor interest.