- FET has broken out of a cup and handle pattern, suggesting a shift toward bullish momentum.
- The token is up nearly 25% in the past week and 58% over the last 30 days.
- A confirmed breakout above $0.95 signals renewed buying interest, with key targets up to $2.20.
- Current price action near $0.818 may serve as a retest zone before a potential continuation.
Fetch.ai (FET) has broken out of a classic cup and handle pattern, signaling a possible shift toward bullish momentum in the short to mid-term. Over the past week, the token is significantly up by almost 25% while looking at the larger time frame FET is up by almost 58% in the last 30 days.
Cup and Handle Formation Signals Bullish Setup
On the 4-hour chart, FET/USD shows clear signs of trend reversal after a prolonged downtrend, drawing attention from technical traders and crypto investors alike.
After reaching a multi-month low earlier this year, FET began forming a rounded bottom in February 2025. This pattern, commonly referred to as a “cup”, typically indicates accumulation by buyers after a significant decline. Following weeks of gradual upward movement, the asset completed the cup shape by mid-April, topping out just below the $0.95 resistance level.
The formation of a “handle” followed, marked by a short-term pullback that stayed within a defined range. This setup is widely regarded as a bullish continuation pattern in technical analysis and is closely watched by traders for potential breakouts.
Breakout Confirmed Above $0.95 Resistance
On May 13, FET/USD successfully broke above the $0.95386 resistance level, confirming the pattern and triggering renewed buying interest. At press time, FET is trading around $0.818, slightly under the breakout level after a retest. If this retest holds, it could act as a launchpad for further upside.
Technical targets following the breakout point include $1.20, $1.60, $1.80, and $2.20, based on historical resistance levels and measured move projections. Support levels to watch on the downside are $0.607 and $0.404, which represent the lower bounds of the handle and cup, respectively.
The cup and handle breakout places FET in a favorable technical position, assuming the price holds above the previous resistance zone. Sustained buying volume will be critical to confirm upward momentum. A successful rally could push FET toward multi-month highs, providing a strong recovery narrative for the token.
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