- Analyst Dami-Defi sees breakout above $0.70 pushing FET toward $0.88, $1.12, and $1.38 after prolonged consolidation.
- Hov suggests another low could form before upside, advising patience until confirmation through wave structure emerges.
- Failure to hold $0.60 risks declines toward $0.50 or $0.40, while breakout targets align with late 2024 resistance levels.
Fetch.AI (FET) is approaching a major test as its price compresses inside a symmetrical triangle on the two day timeframe. The token is trading at $0.6489, recording a session high of $0.6493 and a low of $0.6274, a daily gain of 1.45 percent. According to analyst Dami-Defi, the consolidation phase that started in February has tightened volatility, creating conditions often followed by sharp expansions in price.
Symmetrical Triangle Structure
FET’s price action has been restricted between converging trendlines for several months. The upper descending resistance has capped upside attempts since late 2024. At the same time, an ascending support line formed in early 2025 has provided higher lows.
This prolonged squeeze highlights a structural accumulation with the apex converging around the $0.65 to $0.70 range. Dami-Defi noted that a breakout above $0.70 could open the path toward $0.88, $1.12, and $1.38 in subsequent moves.
Ideal entries, according to the analyst, fall between $0.65 and $0.69. However, a two-day close below $0.59 would nullify the bullish setup. This technical arrangement places emphasis on the $0.60 region as a decisive threshold for buyers.
Upside Targets and Potential Downside Risks
Beyond short term resistance, projections suggest the first upside target near $1.00, followed by levels between $1.30 and $1.50. These zones align with past resistance areas recorded during late 2024 trading activity.
However, the downside carries equal weight. A failure to defend $0.60 could expose the price to $0.50, with further risk extending to $0.40 under heavier selling pressure. This range of outcomes shows the heightened importance of the upcoming breakout attempt.
Notably, expansion following extended compression phases in crypto markets has historically produced decisive moves. Market participants remain focused on how FET will react at this narrowing range.
Short Term Setup
While Dami-Defi outlined bullish targets, analyst Hov presented a different short term perspective on X. Hov suggested the possibility of another low before a sustained move higher. He cautioned against chasing entries and emphasized patience until key confirmation levels align.
According to Hov, any breakout attempt should show five upward waves before a three wave retrace into support. Until then, he expects consolidation to persist. This view contrasts with immediate breakout expectations, yet both analysts agree the $0.65 to $0.70 region is key for direction.
