The FET price has been forming higher lows since 2022 and is now testing a strong weekly resistance zone.
Traders say the $0.72 level is very important and closing above it could lead to much higher prices.
A 24-month triangle shows a strong setup that might lead to a breakout toward the 2.40 price level soon
Fetch.ai’s native token, $FET, is signaling a major breakout as it consolidates within a symmetrical triangle near the $0.75 mark. Technical indicators on the weekly chart show FET trading above a long-term ascending trendline while simultaneously testing a critical horizontal resistance zone. With this prolonged coiling formation, many analysts are eyeing a substantial move in the near term.
Source: X Pattern Signals Growing Momentum for Fetch.ai
On the TradingView chart dated July 11, 2025, FET is shown fluctuating near $0.750, having just breached the $0.72 range. The chart displays a symmetrical triangle pattern forming since 2023, with lower highs and higher lows converging. This triangle is typically considered a continuation pattern, and with the token currently above the support trendline, the probability of an upward breakout increases.
The horizontal zone spanning approximately $0.65 to $0.75 has acted as a significant resistance region since early 2022. Multiple attempts to break past it have failed, underscoring its importance. This area is shaded clearly on the chart, reinforcing its relevance in current price action.
According to Twitter user Dami-Defi, who shared the chart, "$FET has been coiling up for a while. This breakout will be massive." This statement aligns with the visible chart projection showing a potential breakout toward higher levels above the triangle. The breakout arrow points beyond the upper trendline, indicating a bullish outlook if momentum sustains.
Weekly Close Above $0.72 May Confirm Reversal
Market sentiment has shifted following $FET’s weekly close near $0.75. Crypto-focused accounts like @crypto_r_ echoed the sentiment, noting, "$FET triggering the bullish reversal here. Confirmed the breakout on the downtrend resistance and breached the key 72 cents range."
This level, precisely $0.72, served as a confluence zone—both horizontal resistance and downtrend boundary—now potentially flipping to support. Holding above this range over multiple weekly closes may validate the pattern’s bullish breakout, offering confidence to traders.
Fetch.ai previously tested these resistance levels during its bull run in early 2024, where prices surged above $1.20. However, strong rejection followed, pushing the token back below the $0.40 level. Since then, the asset has formed higher lows, building the base for the current structure.
The upward trendline from mid-2022 remains intact, showing consistent buying pressure on dips. As long as price respects this diagonal support, bullish scenarios remain valid. Failure to hold $0.72 would put focus back on the triangle’s lower boundary near $0.50.
Could Fetch.ai Be Poised for a Multi-Year Rally?
The pivotal question for traders remains: could this breakout trigger a multi-year rally for Fetch.ai? Based on the chart, a confirmed break above the triangle could open upside targets near the $1.80 to $2.40 levels, previous areas of heavy consolidation.
The symmetrical triangle formation spans nearly 24 months. This duration adds strength to the pattern's reliability. Typically, the longer a consolidation pattern, the more explosive the breakout becomes.
The entire price structure reflects accumulation supported by strong fundamentals in the AI and blockchain narrative. With volume expected to rise on breakout, traders and analysts will closely watch for confirmation candles over the next few weekly closes.
