- Fetch.ai (FET) is up nearly 12% in a week as the crypto market shows signs of recovery
- The token trades at $0.5091 with an 8.04% daily gain, supported by strong bullish momentum
- A breakout from a falling wedge pattern sets the token on course toward $0.57 and possibly $0.80
Fetch.ai (FET), a token powering a decentralized AI and blockchain platform, continues its impressive upward trajectory and up by almost 12% over the past week. With the revival of crypto market from recent downward trend the token is gaining attention and aiming for higher price targets.
CoinMarketCap data shows the token is trading at $0.5091, reflecting an 8.04% increase in the past 24 hours, aligning with the bullish sentiment.
FET Targets $0.80 After Breakout
According to a recent analysis by the popular crypto charting account World Of Charts, FET is poised for a significant bullish wave, with price targets set at $0.57 and potentially $0.80 in the near term. This forecast comes as the token demonstrates strong momentum following a breakout from a falling wedge pattern, a technical formation often associated with bullish reversals.
World Of Charts first identified the falling wedge breakout on April 9, predicting a strong bullish wave for the token. Since then, the token has delivered, with gains exceeding 20% as reported in subsequent updates.
On April 18, the analyst shared that FET is “already running in very good profit” and expects the rally to continue towards the next resistance at $0.57. If this level is breached, the token could target $0.80, a move that would mark a significant milestone for the AI-driven cryptocurrency.
World Of Charts had even speculated that the token could reach $5 during the anticipated altseason, a period when alternative cryptocurrencies often see significant gains.
However, the crypto market remains volatile, and resistance levels can pose challenges. Fetch.ai’s strong fundamentals and growing adoption in real-world applications provide a solid foundation for its bullish outlook.
As Fetch.ai continues to bridge AI and blockchain, investors are watching closely to see if the token can achieve the predicted targets and solidify its position as a top altcoin in 2025.
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