The cryptocurrency market is showing emerging strength in several "dino" tokens, including Internet Computer (ICP), which has surged an impressive 100%+ within a week. Meanwhile, the AI narrative has yet to pick up similar upside momentum, with Artificial Intelligence Alliance (FET) currently down by 15%.
However, beneath this short-term weakness, FET’s chart is beginning to mirror a familiar bottoming structure — one that recently appeared in ICP just before its major reversal.
FET Mirrors ICP’s Bottoming Fractal
On the weekly chart, FET appears to be replicating the same bottoming structure that ICP formed at its long-term descending triangle support zone.
Earlier, ICP tapped its multi-month support and staged a strong reversal of over 138%, pushing all the way to test its 50-week moving average. This marked a clear bottoming formation followed by heavy continuation momentum.
Now, FET seems to be following the same early-stage setup.
The token is currently testing its major support zone between $0.17–$0.23, which also marks the lower boundary of its long-term accumulation range. FET is now trading just above this level at $0.21, indicating that buyers are actively defending this region — much like ICP did before its explosive move.
This structural similarity is the first sign that FET may be forming a potential bottom.
What’s Next for FET?
If this bullish fractal continues to unfold, FET must hold above the $0.17 support zone to show a confirmed bounce from this accumulation area.
A breakout above the descending triangle’s resistance trendline would be the next key trigger, confirming renewed upside momentum. In such a scenario, the first major target would be the 50-week MA at $0.7930, which remains 273% above current price levels — a substantial upside opportunity if the reversal plays out fully.
However, traders should remain cautious. Fractals highlight historical similarities but do not guarantee identical outcomes. FET must hold its support zone to maintain the bullish setup.
The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.