Altcoin FET Prints Double Bottom Formation as Buyers Continue to Defend Critical Support Zone Again

• Altcoin FET prints double bottom formation on its price chart.
• Buyers continue to defend critical support zone again.
• The price of FET prepares to experience a massive surge.

The altcoin community continues to showcase resilience and strength as several promising crypto assets continue to see a fall in prices, despite the many bullish indicators on their price charts. At the moment, most altcoins are still working towards playing out in a bullish manner. For instance, Altcoin FET prints double bottom formation as buyers continue to defend critical support zone again.

Altcoin FET Prints Double Bottom Formation

Among the many bullish altcoins in the market, several all still going through corrections and bottom price setups at the moment. Among them is FET, which has been highlighted by several bullish analysts who expect the asset to surge by a respectable distance. Despite these high expectations, the price of FET has only been falling to retest critical support levels. 

As we can see from the post above, FET/USDT is printing a double bottom formation with its price around $0.133. Presently, buyers have defended the $0.13 - $0.14 critical support zone twice, showing potential accumulation and weakening selling pressure. A breakout above $0.155 could confirm the pattern and open the way toward the chart target near $0.18. If support fails, the bullish setup weakens.