Alliance for Artificial Superintelligence (#FET )
As AI tokens prepare for a comeback, $FET price action reveals a potential double bottom at $1.15. With an early reversal of the descending channel's negative cycle, the altcoin is poised for a potential reversal.
FET price, which has a market value of 3 billion 149 Billion Dollars, has decreased by 28 percent in the last 9 days. However, the 9.40% intraday growth completes the morning star formation by creating an engulfing bullish candle.
With an upside target of $1.55 next week at the 38.20% Fibonacci level, the AI altcoin is a great pick for the week ahead.
Altcoin Jupiter (#JUP ) is on a wedge breakout
The bearish $JUP price action on the daily chart reveals a falling wedge formation. In the latest crash, the altcoin fell to $0.73, which is the 78.60% Fibonacci level.
However, a decline to $0.73 indicates a bull cycle with a double bottom and morning star as support.
Currently, the altcoin is trading at $0.76 with an intraday gain of 3.83%, forming an engulfing bullish candle. As the market's broader recovery gains momentum, JUP price is on a rapid rise to reclaim the $1 psychological mark.
Based on Fibonacci levels, the bullish rally could reach $1.25.
LayerZero (#ZRO ) Overcame the Market Crash
With a massive recovery on the 4-hour chart, the $ZRO token price appears to be completely unaffected by the market crash. The altcoin is up 32% with a V-shaped recovery rally starting at $2.75.
Currently, ZRO price is trading at $4,337 and it is challenging the 1,618 Fibonacci level. The altcoin price may soon witness a rise as the bull run gains momentum.
Based on Fibonacci levels, the bullish rally could reach $5,657 next week.
