Fetch.ai (FET) Builds Momentum: $1.03 Breakout Could Open Path to $1.40
Fetch.ai (FET) is gaining bullish traction after defending critical support zones, signaling a potential trend reversal that could send prices significantly higher.
The token recently bounced from a confluence of key technical levels, including the 0.618 Fibonacci retracement and the value area low—both known to act as strong demand zones during corrective phases.
Technical Landscape Turning Bullish The recent rebound was not just a routine support test.
FET has now reclaimed the Point of Control (POC) — a volume-heavy level that often separates bearish and bullish market regimes.
This recovery above the POC indicates renewed buyer interest and a potential shift in market structure.
Support Base Holds Firm: The bounce from the 0.618 Fib level and value area low reflects strong buyer presence and an area of historical price reaction.
POC Reclaim Confirms Strength: Retaking the POC suggests bulls are regaining control, with the potential to drive the next leg up.
Resistance Targets in Focus: Immediate upside resistance lies at $1.03, with the next major level at $1.40, both aligned with previous high-timeframe inflection zones.
What Comes Next If the current momentum sustains and FET continues consolidating above the POC, a breakout above $1.03 becomes increasingly likely.
Such a move would confirm a higher high — a classic bullish structure that often precedes stronger rallies.
Should the breakout materialize with strong volume, the price could quickly advance toward $1.40, which has acted as a major resistance zone in the past.
As long as Fetch.ai maintains its position above the POC and value area low, the short-term bias remains bullish. Consolidation in this zone builds a stronger base for a potential breakout.
Traders and investors should keep a close watch on the $1.03 level — a confirmed close above it could unlock significant upside.
