- Fetch.ai (FET) jumps 7.82% to $0.80, showing signs of renewed strength.
- Higher lows since April’s $0.36 bottom suggest a trend reversal.
- Weekly breakout from falling wedge supports bullish momentum.
- Holding above $1.00 could open path to $1.70–$2.00.
Fetch.ai (FET), a popular AI-focused cryptocurrency, is showing renewed strength after months of bearish pressure. FET is trading at $0.80, posting a strong daily gain of 7.82% on high volume. This spike comes as part of a larger recovery that began in April, when FET bottomed out near $0.36. Since then, the token has consistently formed higher lows and higher highs, signaling a potential trend reversal.
FET has attempted to break through the $0.80–$0.90 resistance zone several times in recent weeks. While sellers have capped upside movement so far, today’s volume surge suggests that bulls are gaining momentum. If FET can hold above $0.80 and push beyond $0.90, it may pave the way for a retest of the psychological $1.00 level, a significant barrier in both short- and long-term contexts.
Fetch.ai Signals Bullish Reversal, Targets $2.00 Next
The weekly chart provides even more perspective. A large falling wedge pattern, which formed during FET’s decline from its 2024 high above $2.40, has now broken to the upside, a classically bullish setup. Historically, similar breakouts in this asset have led to sustained multi-week rallies. The current move also coincides with the price revisiting a long-standing resistance range between $0.77 and $1.00, an area that previously acted as resistance in 2021, 2022, and 2024.
From a long-term view, FET’s structure suggests the potential for a larger move toward the $1.70–$2.00 range, provided the token can reclaim and hold above the $1.00 level. If momentum continues, some analysts are even watching for a possible rally toward the $3.00 mark in 2026, reflecting earlier highs. However, failure to clear key resistance could lead to more sideways movement or a retest of support levels closer to $0.60.
Fetch.ai is showing early signs of a bullish reversal, backed by technical breakouts and rising volume. Traders and investors should keep a close eye on the $0.80–$1.00 zone, which remains the next hurdle in confirming a sustained uptrend.
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