FET price is little changed, trading near $0.27, down about 5% over the past 24 hours. This follows a sharp 37% rise in the past week that pushed short-term momentum toward overbought levels. Trading volume over 24 hours stands at $88.5 million, down more than 50%, suggesting reduced participation following active profit-taking.
Market Pullback Follows Resistance Test in Bitcoin
The broader market backdrop has turned risk-off. Global crypto market capitalization declined 2.31% over 24 hours, while Bitcoin retreated from a weekly high above $94,000 to around $90,000 after failing to clear resistance near $94,516, a level previously rejected in December. That failure in resistance has fed into broader de-risking and is weighing on the FET price as traders reduce exposure.
Fundamentally, the Artificial Superintelligence Alliance, comprising Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS, continues to shape the medium-term narrative. The unified token structure, currently traded under the ticker FET, underpins the development of decentralized AI agents and infrastructure, including ASI One and ASI Cloud.
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Despite this constructive backdrop, the immediate reaction in FET price is being shaped more by market-wide risk sentiment and short-term technical exhaustion than by long-horizon fundamentals.
Profit-taking has been a clear micro-driver. FET coin rose 37% in the past week, sending the 7-day RSI to 66.97, close to overbought territory. The subsequent 24-hour dip coincides with that technical overheating.
FET Price Stalls After Hitting Initial Upside Targets
Analyst Jonathan Carter highlights a rebound from the lower boundary of an ascending channel on the weekly chart, outlining long-term upside targets at $0.52, $1.00, $3.00, and $7.50. His view centers on preserving channel support, implying that the broader structure of higher lows remains technically intact even as the FET price pauses.
Another analyst, CryptoPulse, points to a completed double-bottom pattern near $0.20 support, noting that the FET price has already reached an initial upside objective at $0.26, with gains of roughly 44%. They now focus on $0.33 and $0.40 as subsequent resistance levels if momentum resumes, while emphasizing stop management around breakeven.
At the moment, indicators are mixed but lean defensive. The overall technical summary signals “Sell,” while the moving averages cluster in “Strong sell,” indicating that trend-following metrics remain down.
Support sits near $0.20, the double-bottom area, while resistance is seen around $0.26 to $0.33, then $0.40+, per analyst targets. Trend direction remains pressured in the near term, given the dominance of bearish moving averages, despite the broader ascending channel on higher-timeframe charts.
With momentum cooling and market-wide sentiment soft, risk skews toward further consolidation or a retest of support unless the FET price can sustain closes above near-term resistance.
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