- FET’s 70% rebound signals a bullish recovery, driven by accumulation and strong technical setups, positioning it for future growth.
- After a 75% drop, FET shows a V-shaped recovery and breaks key resistance, signaling a potential for a larger price cycle.
- Despite recent gains, FET remains well below its peak, with analysts predicting a rise towards $4.72 amid AI sector growth.
The price of Fetch.AI ($FET) is currently sitting at $0.78 after rising from recent lows. From its low of $0.45 in mid-April, this represents a recovery of more than 70%. Strong technical setups and market mood are driving FET, an AI-focused cryptocurrency, through a period of accumulation and recovery. In contrast to its prior months of consistent fall, its latest price movement shows a sudden V-shaped comeback.
Key Technical Levels and Chart Patterns
The FET/USD displays a descending channel shown by crypto analyst World Of Charts, with parallel trendlines guiding the price’s movements. From December 2024 through early April 2025, FET maintained a downward trajectory, losing more than 75% of its value.
During this period, FET reached a high of $2.10 before entering a prolonged bear market. Notably, support zones around $0.47 and $0.59 played roles in halting further declines. A double bottom formation in early April provided a foundation for the rally, leading FET to break above the descending channel.
Furthermore, key Fibonacci retracement levels at $0.107 and $0.366 show that FET has exceeded these points, further signaling strength. Price action suggests that FET could be in the midst of a larger cycle of recovery. The recent bullish impulse supports this view, as it has pushed the price well beyond prior resistance levels.
Cyclical Nature and Future Outlook
FET’s price action demonstrates a definitive cyclical pattern that consists of different stages of accumulation, rallies, and subsequent corrections. This pattern has repeated itself in the coin’s past bull runs, such as an enormous 600% rise from $0.50 to $3.50.
Nonetheless, as is usual with any cyclical asset, volatility is on the cards. Even with recent improvements, FET remains below its all-time high price of $4.72, which analyst Bilal believes may be a target that FET could revisit within the next few months.
