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 medium bowl. Mix until smooth, pliable dough forms. Add more powdered sugar 1 tablespoon at 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 disk, then wrap evenly around each cherry, pinching to seal at stem. Place fondant-covered cherries on parchment-lined tray.
04 - Refrigerate fondant-covered cherries for at least 30 minutes or until firm.
05 - Melt chocolate and coconut oil if using in heatproof bowl over gently simmering water or microwave in short bursts, stirring until smooth.
06 - Hold each cherry by stem and dip into melted chocolate, allowing excess to drip off. Place on parchment-lined tray. 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 for 24 hours before serving.