Date: Fri, March 07, 2025 | 11:40 AM GMT
The cryptocurrency market remains in a downtrend phase following the November rally. The downturn has sent bearish momentum across altcoins, and two of the biggest losers have been Artificial Superintelligence Alliance (FET) and Worldcoin (WLD), both of which have plummeted by over 60% in the last 60 days.
Source: Coinmarketcap
However, a potential reversal might be on the horizon as renowned crypto analyst Shelby has identified key harmonic patterns forming in both assets, signaling a possible trend reversal.
Artificial Superintelligence Alliance (FET)
FET has been trading in a prolonged downtrend since its December peak of $2.16, with the price reaching as low as $0.55. Despite the bearish sentiment, a bullish Shark pattern has emerged, which typically suggests that the asset is approaching a significant support zone.
This harmonic structure, completed at point D, suggests that FET could soon see a strong rebound. The next key target for FET lies at $1.08, aligning with previous resistance levels. If momentum builds up and buying pressure sustains, FET could extend gains toward $1.43-$1.65, marking a potential 170% upside from current levels.
Worldcoin (WLD)
Worldcoin has followed a similar trajectory, suffering a sharp decline from its December highs near $4.19 to a recent low around $0.87. The chart shows a completed Deep Crab harmonic pattern, a classic reversal signal often associated with sharp bounces.
The pattern suggests that WLD has reached its exhaustion point, with the next major resistance standing at $2.92. If WLD manages to reclaim this level, the next significant hurdle would be the $4.00 range, which could mark a 330% increase from current prices.
Final Thoughts
While the broader market remains uncertain, the formation of these bullish harmonic patterns on FET and WLD offers a glimmer of hope for traders looking for a potential recovery. These patterns historically indicate strong reversal zones, but confirmation from volume and broader market sentiment will be key.
As always, investors should remain cautious, conduct their own research, and manage risks effectively.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before making investment decisions.
