Fetch.ai is showing early signs of bullish continuation after holding key support zones. With price reclaiming critical volume levels, the setup favors a move toward $1.03, and potentially $1.40, if momentum persists.
Fetch.ai (FET) has demonstrated resilience at major support, rebounding cleanly from the 0.618 Fibonacci retracement and the value area low. The reclaim of the point of control signals strength in the immediate term, suggesting a possible structural shift. If price action remains constructive, a continuation toward the $1.03 and $1.40 resistance levels appears likely.
Key technical points
- Support Holding at 0.618 Fib and Value Area Low: These levels have provided a strong base for a bullish bounce.
- POC Reclaimed: Reclaiming the point of control is a key signal that buyers are regaining strength.
- Upside Targets: Next resistance levels sit at $1.03 and $1.40 high time frame zones.
Fetch.ai recently tested and held the 0.618 Fibonacci retracement and value area low precisely, marking a high-confluence support zone that has historically triggered bullish reactions. Respecting this level has led to a gradual reclaim of the POC, a significant volume-weighted level often acting as a pivot between bullish and bearish control.
This reclaim is a subtle but meaningful signal, suggesting that the short-term trend may be turning. As long as Fetch.ai holds above the POC, the odds of continued upside increase, particularly toward the value area high and the $1.03 resistance. This zone represents the previous local high and serves as a key inflection point on higher time frames.
A breakout above $1.03 with strong momentum would establish a new higher high, confirming a bullish structural shift. Such a move would likely attract additional buying interest, opening the door to the next resistance at $1.40, a level with both historical and technical significance.
In the near term, continued consolidation above the POC would signal increasing bullish strength, reinforcing the narrative that buyers are in control and preparing for a breakout.
What to expect in the coming price action
As long as Fetch.ai holds above the value area low and point of control, the chart maintains a bullish structure. A confirmed breakout above $1.03 would validate a structural shift and set the stage for a move toward $1.40.
Continued consolidation above current levels strengthens the bullish outlook and increases the probability of upward continuation.
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