Current Market Overview: The cryptocurrency market is experiencing volatility, with Bitcoin consolidating around $110,000 and Ethereum at $4,300 after a recent high. Altcoin performances are mixed, but the AI token FET shows early signs of strength, currently trading at $0.6038.
Technical Analysis of FET: FET is forming a Bearish Cypher harmonic pattern, suggesting potential for a bullish rally if it holds above the C-point support at $0.5783. A decisive break above the 200-day moving average could lead to stronger bullish momentum, targeting the PRZ between $0.8247 and $0.8851.
