FET/USDT Breakout Imminent? Preparing for a Major Rally!

🧠 Key Pattern: Descending Trendline Breakout

On the daily chart (1D), FET/USDT (Fetch.AI) has been consolidating under a strong descending trendline since its late 2024 highs. Currently, price action is coiling tightly just below this resistance, signaling a potential explosive breakout.

The price is trading near $0.72, right below the trendline — is this the calm before a major move?


🔍 Technical Analysis Overview

📉 Previous Downtrend Structure:

After peaking above $2, FET underwent a prolonged correction phase marked by lower highs and lower lows.

Sellers dominated for months, but the momentum is now shifting.


📈 Current Setup:

FET is forming a series of higher lows since March — an early sign of bullish reversal.

Volume is showing slight increases, which often precedes breakout attempts.


✅ Bullish Scenario (Breakout Rally)

If the price breaks and closes above the descending trendline (~$0.75–$0.78):

1. Initial Resistance: $0.818 → minor overhead supply zone.

2. Confirmation Level: $0.904 → breakout validation zone.

3. Major Upside Targets:

$1.225 → psychological resistance & previous consolidation level.

$1.599 & $1.809 → Fibonacci extension targets from prior impulse.

$2.147 – $2.195 → potential retest of the previous high.

📌 Upside Potential: Over +150%, if breakout is confirmed with strong volume and sustained momentum.


❌ Bearish Scenario (Rejection & Pullback)

If the price gets rejected from the trendline:

Possible pullback to $0.65, the recent higher low support.

Breakdown below this could extend the move toward $0.55 or even $0.47.

Major support: $0.345 → long-term demand zone.

📉 A failed breakout (fakeout) is possible if volume does not support the move.


📊 Trading Strategy Suggestions:

Breakout Entry: Above $0.78 with stop-loss below $0.70.

Retest Entry: Wait for a pullback to confirm support at the trendline after breakout.

Volume Confirmation is Critical — avoid chasing without strong bullish candles.


🧠 Narrative Bonus:

Fetch.AI remains one of the top AI-related projects in the crypto space. As the AI narrative resurfaces, a technical breakout could align with renewed fundamental attention — creating the perfect storm for a rally.

📌 Conclusion:

FET/USDT is positioned at a highly critical technical and psychological level. A confirmed breakout could initiate a large bullish wave, while rejection could drag the price lower. Manage your risk wisely and watch for volume cues.

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