FET’s Bull Flag Hints at $9.33 Surge—Here’s Why Traders Are Buzzing
FET’s chart just flashed a textbook bull flag—a pattern that’s got crypto degens whispering about a potential 2x from current levels. The $9.33 target isn’t just hopium; it’s the measured move from the flag’s pole height. (Yes, we checked the math—unlike some ’to the moon’ influencers.)
Key drivers? Spot volume confirms breakout validity, while the AI narrative—FET’s bread and butter—keeps retail FOMO simmering. Just don’t mention how often these setups fail in low-liquidity altcoins.
Pro tip: Watch for a close above $4.80 to confirm momentum. And maybe set a stop-loss—unless you enjoy donating to the ’smart money’ casino.
FET Bulls Gear Up For Major Price Rally
In an X post on May 23, PlanD shared a technical analysis on the FET market using an hourly trading chart from TradingView. Based on the presented chart, FET’s price action in the past two years has formed a bull flag pattern, hinting that the altcoin is on the edge of a breakout.
The bull flag is a typical bullish pattern that signals the potential continuation of an uptrend after a brief period of consolidation. It consists of a flagpole, which represents a strong upward price movement as seen in 2024 when FET’s price surged by 1,400% from $0.20 to $3.00.
Following this price rally, there is the flag/pennant, which is a small downward or sideways price movement resembling a flag on a pole. This consolidation is seen between 2024 and 2025, when FET retraces from its market top at $3.00 to below $0.25.
Thereafter, there is the price breakout, which represents the moment a token’s price crosses above the flag’s upper boundary, signaling a continuation of the upward trend. While FET currently trades at $0.84, the upper boundary of the bull flag stands at $1.71.
If the market bulls are able to command a decisive price close above this price mark, FET is tipped to produce a price rally similar to the length of the initial flagpole. Based on this calculation, PlanD predicts FET to hit a price target of $9.33, representing a potential 1,050% gain on the present market prices.
FET Price Prediction
At the time of writing, FET is trading at $0.85, reflecting a market gain of 11.75% in the past seven days. Notably, the token’s trading volume is up by 51.46%, indicating a strong market participation that could support a further market gain.
According to the price prediction site CoinCodex, investors’ sentiment is largely bullish, with the Fear & Greed Index indicating Extreme Greed at 78. However, CoinCodex analysts foresee a continuous market correction tipping FET to trade at $0.80 and $0.60 in the coming five and 30 days, respectively.
