01 - Drain maraschino cherries thoroughly and pat completely dry with paper towels to prevent fondant from slipping.
02 - Combine powdered sugar, butter, corn syrup, milk, almond extract, vanilla extract, and salt in a medium bowl. Mix until smooth, pliable dough forms. Add more powdered sugar 1 tablespoon at a time if too sticky. Wrap in plastic and refrigerate 15 minutes for easier handling.
03 - Divide fondant into 24 equal pieces. Flatten each piece into a disk, wrap evenly around each cherry, and pinch to seal at the stem. Place on parchment-lined tray.
04 - Refrigerate fondant-covered cherries at least 30 minutes or until firm.
05 - Melt chocolate with coconut oil if using in a heatproof bowl over gently simmering water (double boiler) or in short microwave bursts, stirring until smooth.
06 - Holding each cherry by the stem, dip into melted chocolate allowing excess to drip off. Place on parchment-lined tray and repeat with remaining cherries.
07 - Let chocolate set at room temperature or refrigerate briefly to speed setting. For liquid center effect, let finished cherries rest in airtight container at room temperature 24 hours before serving.