Fetch.AI’s native token FET has kicked off November with striking momentum that has captured the attention of both technical analysts and opportunistic traders. After months of subdued movement capped by structural resistance, the coin has now reclaimed critical technical levels—raising the question: Is FET preparing for a decisive breakout toward its previous highs near $1.10 or even more ambitious targets in 2026?
Technical Breakthrough as Price Reclaims the 34-EMA
After months of downside pressure, FET’s price action posted a bullish breakout from the local swing-pattern failure zone in early November. This move came with strong volume and placed the asset squarely into the retest range around the $0.395 mark—just under the 38.2% Fibonacci retracement from previous highs. This level has already proven difficult to overcome, as a swift rejection highlights an intense supply wall that could limit short-term upside momentum.
That said, bulls have a reason to be cautiously optimistic. For the first time since September, FET/USD has reclaimed the 34-period Exponential Moving Average (34-EMA) on the daily chart—an indicator often seen as an early signal of a potential trend shift. If this level holds, it could validate a growing narrative that FET is prepping to emerge from its months-long accumulation phase.
Above $0.41 Lies the Gateway to Macro Reversal
The price cluster between $0.395 and $0.41 has emerged as a critical resistance zone—what analysts often term the “make-or-break” level. A confirmed daily close above this band would not only invalidate the bearish retest pattern that has capped rally attempts since mid-2024, it could ignite a chain reaction of technical confirmations.
According to analysis from CoinMarketCap contributor amebocrypto, a breakout above $0.41 could open the path to Upside Target 1 around $0.568. This zone aligns with the next significant Fibonacci pivot and—crucially—with the resistance line of a large falling-wedge formation that’s been building on the weekly timeframe since early 2024.
More than just a bullish breakout, surpassing $0.568 would close the final gap remaining from the coin’s mid-year collapse, thereby shifting market sentiment and liquidity flows. Should momentum sustain through the $0.60 range, the price could develop a new range entirely between $0.75 and $1.00—a structural evolution that would mark the clearest reversal since FET’s multi-month drawdown.
Long-Term Structure Favors Multi-Year Upside If Wedge Holds
On the macro scale, FET has been quietly carving out a long-duration falling-wedge pattern—a formation known for ending in strong breakouts when coil pressure unwinds. The recent rally places the token near the wedge’s upper resistance, teasing what may be the early signs of a long-awaited expansion.
If this pattern plays out as expected, a sustained push above the $1.00 psychological and technical barrier before year-end could unlock significant upside. Specifically, price targets between $1.10 and $1.20 appear likely, but more aggressive bulls point toward a full-cycle high retest near $3.48 by mid-2026.
Clearly, these targets are conditional and rely on a supportive macro environment, continued bullish behavior in the broader altcoin space, and a technical breakout confirmed on weekly closes. Still, the chart structure and increasing bullish divergence on momentum indicators suggest the path of least resistance could soon shift upward.
Investor Sentiment Shifts Ahead of 2025 Altseason Buzz
While FET’s technicals offer compelling reasons for bullish bets, broader investor interest in artificial intelligence and decentralized agent platforms may serve as tailwinds in the coming cycle. As traders look for value beyond major Layer 1 assets, FET—often considered a sleeper altcoin—has begun drawing attention for its compressed chart and speculative upside.
Should an “altseason” narrative take hold into early 2025, coins like FET that offer strong narratives and definable roadmaps could disproportionately benefit. This ecosystem tailwind, combined with the technical backdrop, could set up FET for an explosive transition from accumulation to expansion.
