FETUSDT Possibilities
2024-11-30

I think FET is a tricky chart - perhaps because of the recent merger to form the Artificial Superintelligence Alliance. If I wasn't expecting an alt season, I would have said it looked rather bearish with what looks like a failing wave 3 forming. However, the bullish interpretation of such price action is either a leading ABC from wave 1 or an incorrect wave count. I have gone for a standard correction from wave 1 and now we are in wave 3 of 3; the parabolic move. The target for me is at least $100 - maybe $200 - for this move. It sounds crazy; this would be a market cap of between $250bn and $500bn - more than ETH'c current value. However, given NVIDIA is the most valuable company in the world, it doesn't seem so crazy to think FET could become the most valuable altcoin...