- Altcoin FET sits inside a massive macro uptrend.
- Experts expect bullish comeback for FET.
- The price of FET shows high potential of hitting new ATH targets this cycle.
The crypto community is pleased to see the prices of Bitcoin and altcoins continue to rise. At the moment, the price of BTC is trading above $85,000 and the price of ETH is trading above $2,500. In turn, the prices of altcoins have been climbing higher as well. In particular, altcoin FET sits inside a massive macro uptrend and experts expect a massive bullish comeback to push FET prices to higher targets.
Altcoin FET Sits Inside a Massive Macro Uptrend
According to CoinMarketCap analytics, the price of FET is currently trading at the $0.20 price range, showing that the asset is up by over 40% in the last 7 days and up by almost 30% in the last 30 days. Two years ago, the price of FET hit its ATH price at $3.4, showing that the price of FET needs to experience a pump of over 10x to reclaim this price, and in the eyes of many experts, the price of FET could hit new ATH prices this bull cycle.
As we can see from the post above, thai expert highlights FET’s price pattern on the FET price chart and reveals what he expects FET price to do next. According to him, FET is still inside a massive macro uptrend, he says this is what matters most for FET right now. He begins by stating that since 2020, FET has continued to respect a huge rising macro structure. Despite the corrections being brutal, the long term ascending support is still intact, and price is once again sitting near the lower part of that structure.
Experts Expect Bullish Comeback for FET
That makes this area very interesting. If FET continues developing as an AI project and this macro trend survives, he thinks the next cycle could look very different from what people expect today. A return toward the previous highs would be the first major step. But if FET eventually reaches the upper part of this long-term channel again, the expert expects FET to hit $6 – $7 ATH targets.
That would require a full cycle expansion, not something he expects overnight. For now, the important thing is simple. Hold the macro trend and keep building higher over time. While nothing is guaranteed, the analyst confirms that this is simply the long-term scenario he sees based on the technical structure. Additionally, the post above marks how the FET weekly chart still holds above its 2022 bottom.
That keeps the recovery scenario alive, but the macro downtrend needs more proof. The first hurdle for FET sits between $0.26 – 0.32 while the bigger battle sits at $0.43 – 0.50. A weekly close above that historical zone, followed by a successful retest, would strengthen the case for $0.70 – 0.90. The analyst’s bullish roadmap then runs through $1.50 – 1.70 and $2 – 2.20, before challenging upper supply and the $3.35 – 3.50 ATH region.
