Fetch.ai has spent months under pressure following its sharp decline from the 2024 peak. On the weekly timeframe, FET/USD is still trading within a broader bearish structure, but recent price behavior points to slowing downside momentum.
After falling aggressively, the token rebounded from the $0.12–$0.15 demand zone, an area that has repeatedly attracted buyers in past cycles. Price has since stabilized near $0.28, suggesting sellers are losing control rather than pressing the market lower.
From a volume perspective, Fetch.ai remains below the upper band of the Volume Profile Control, located around $0.68–$0.70. This zone represents heavy historical selling and continues to act as resistance.
On the downside, the lower VPC support near $0.22 is holding firm. As long as the price stays above this level, the market is more likely to move sideways than continue a steep decline, pointing to accumulation instead of distribution.
Momentum data reinforce the notion that the worst phase of selling might be over. The weekly RSI is hovering around the 38-39 range, up from deeply oversold levels but below the neutral 50 mark, suggesting that bullish strength remains weak, but selling pressure is no longer as aggressive.
The MACD is staying below zero, confirming that the larger trend has not yet flipped bullish. However, it is contracting, which means that bearish momentum is weakening. If this continues, it might trigger a crossover that would more likely indicate a medium-term shift than a short-lived bounce.
Market analysts such as Flippix have pointed out that Fetch.ai is back in that range where momentum disappears, volatility shrinks, and attention dies, conditions that had previously preceded great expansions. A quick glance at FET’s chart, dating back to 2021, outlines a very distinct trend.
Every major rally starts after months of sideways action around strong support, followed by a rapid ascent. In previous cycles, these moves created returns between 600% and over 1,600% after months of tight price action. The 2023-2024 rally was the strongest, with FET surging more than 1,600% before peaking around the $3.2-$3.3 range.
The current structure is similar to the earlier calm periods before a breakout. Price is just above a big support level, indicating that sellers are getting tired and volatility is low.
If the structure remains the same, based on past patterns, there could be a long-term move toward the $3.7–$4.0 range. No outcome is certain, but staying above $0.22 support keeps the long-term bias positive.
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