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Fetch.ai ($FET) has caught the attention of traders and technical analysts as its price action hints at a potential Cup & Handle pattern—a classic bullish formation that may indicate a breakout in the near future.
With AI-related tokens regaining momentum, FET is now in focus for those watching technical setups and macro narratives aligned with decentralized artificial intelligence.
📊 What Is a Cup & Handle Pattern?
The Cup & Handle is a bullish continuation pattern that often forms after a healthy correction. It includes:
Cup: A rounded U-shaped bottom showing consolidation and accumulation
Handle: A slight downward or sideways pullback, forming just before breakout
Breakout Target: Typically projected by measuring the height of the cup and applying it to the breakout point
🧠 FET Technical Breakdown
Current indicators on the daily chart suggest FET may be completing the “cup” portion, with a handle
to form:
Metric Status
Current Price ~$2.15–$2.25
Cup Top ~$2.50 resistance
Support Zone ~$1.90–$2.00
RSI (Daily) Trending upward, near 60–65
Volume Increasing during rebounds
📈 Potential Bullish Scenario
If FET completes the handle and breaks above $2.50–$2.55 with strong volume, analysts suggest:
Short-Term Target: ~$2.90–$3.10
Extended Target (Pattern Height): ~$3.50+
Breakout confirmation requires daily close above resistance with strong momentum
🔍 Macro Tailwinds for $FET
AI Hype Revival: AI tokens are rebounding as narratives around decentralized compute intensify
Partnerships: Fetch.ai has announced collaborations in mobility, energy, and automation sectors
Tokenomics: Ongoing supply lockup through staking helps support price floor
⚠️ Risk Considerations
While the setup appears promising, traders should stay cautious:
Failure to hold above $2.00 could invalidate the pattern
Cup & Handle formations can sometimes fake out before a confirmed move
Overall AI token sentiment and BTC movement will likely influence direction
📌 Key Levels to Watch
Level Importance
$2.00 Key support; bottom of handle zone
$2.50–2.55 Breakout trigger zone
$2.90–3.10 Short-term pattern target
$3.50+ Extended move if breakout confirms
🔎 Final Thoughts
The chart for FET shows early signs of a textbook Cup & Handle, a pattern that has historically preceded significant upside—but only with confirmed breakout and strong volume. Whether you're a swing trader or a long-term AI believer, it's a setup worth tracking.
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