Fetch.ai price: FET needs confirmation for recovery

The Fetch.ai price is at a critical point. Analyst @eliz883 points to a specific zone that will determine the further direction of FET. As long as the price remains below this area, a sustainable recovery is far off.

Fetch.ai is available at OKX and Bybit.

Critical zone determines the next move

On the 4-hour chart of FET/USDT, a clear downtrend is visible. The price falls from levels around $0.2250 to a bottom around $0.1650 to $0.1700, after which a potential cup and handle pattern appears to form. The analyst draws a rounded bottom on the chart, which is a classic recovery pattern. Yet there is still no green light for a real breakout.

The key zone lies roughly between $0.1849 and $0.1950, the marked blue band on the chart. As long as FET trades below this area, any rally attempts lack strength. The analyst indicates that those attempts are likely to be rejected without further confirmation of a higher low.

What needs to happen for a bullish signal?

Only when FET manages to break through the resistance zone and confirm it as support is there a clear buy signal. Then buyers take the lead and open the path to higher price targets. The next relevant level above lies around $0.2741, with the zone between $0.2800 and $0.2900 above that as a potential target.

Want to know more about how such zones are determined? Then read our explanation of moving averages and technical indicators, or check out our detailed analysis and explanation of Fetch.ai. As long as FET does not turn the current resistance zone into support, the situation remains uncertain and caution is warranted.