Fetch.ai FET Rises 22% This Week on AI Narrative Revival
Fetch.ai’s FET token climbed 22% this week, outperforming a declining altcoin market. Trading between $0.22 and $0.28, FET rebounded 6.6% after a 54% monthly drop. Technical indicators show strong support at $0.20 and potential resistance near $0.30. A break above $0.30 could target $0.36, implying 28% upside. The simple moving average suggests price stability and the RSI approaching overbought signals growing bullish sentiment. This surge underscores renewed investor interest in AI-themed projects. While broader altcoin pressure persists, sustained momentum for FET may attract more capital to artificial intelligence tokens.
Bullish
The 22% weekly gain in FET, coupled with solid support at $0.20 and the approach of key resistance at $0.30, indicates strong bullish momentum. Historically, FET rallies in response to renewed AI narratives have attracted speculative inflows, as seen during previous AI-driven surges in Q1 2025. The technical setup—stable SMA and rising RSI—suggests continued upside potential, likely drawing short-term traders and longer-term investors seeking exposure to AI projects. If FET breaks the $0.30 barrier, a run toward $0.36 could ensue. However, broader market weakness in altcoins may cap gains unless the AI theme regains traction industry-wide. Overall, this news supports a bullish outlook for FET, though market sentiment and macro factors will influence sustainability.