Fetch.ai (FET) is once again capturing attention as it
retests a crucial price zone—the same range that fuelled its historic 15,600%
and 6,400% surges in past cycles. Currently trading between $0.35 and $0.65,
FET is hovering near the support of its long-term ascending channel, a key
structure that has dictated its price action since 2020.
Why This Zone Matters
Historically, FET’s most explosive rallies have begun after
consolidating at channel support, breaking through a descending trendline, and
then skyrocketing toward the upper boundary. The current setup mirrors those
past conditions, keeping bullish hopes alive—as long as the $0.35 support
holds. A breakdown below this level would invalidate the bullish thesis, making
it a critical line in the sand.
The Potential Upside
If history repeats, FET could be gearing up for another
parabolic move, with a long-term target as high as $24.00—a staggering
5,000%+ gain from current levels. While such a rally isn’t guaranteed,
the pattern is compelling enough for traders to consider strategic accumulation
at these levels.
Key Takeaways
Demand
Zone: The $0.35–$0.65 range has been a launchpad for past
rallies.
Breakout
Potential: A confirmed breakout above resistance could trigger
the next major uptrend.
Risk
Management: A close below $0.35 would signal weakness, requiring
a reassessment.
For those with a high-risk appetite and a long-term perspective, FET presents an intriguing opportunity. The question is: Will history repeat, or will this time be different? Keep a close watch—this could be the start of another legendary run.
