FET trades near $0.15, with bulls defending a critical base above the 2022 bottom.
Key resistance levels include $0.8689, $1.1741, $2.1442, and $3.48.
A successful breakout above $3.48 could open the door toward $5.50 by 2028.
Fetch.ai is trading near $0.15, but the long-term chart presents an ambitious outlook. Bulls are watching a potential recovery that could transform the token's price trajectory. A successful reversal could eventually push FET above $5.50 by 2028. However, the bullish projection depends on several important technical milestones. The current price base must hold before buyers can pursue higher targets. A breakdown would weaken the entire recovery argument.
https://twitter.com/gandreou007/status/2120879298185986428 FET Must Protect the Current Base Before Bulls Can Target Higher Levels
FET recently traded around $0.1505, placing the token near a critical support area. The weekly chart suggests the current base could establish a higher low. This structure would support a longer-term recovery above previous market lows. The 2022 bottom provides an important reference point for this analysis. Holding above that historical low would strengthen the bullish market structure.
Buyers need to defend the current base and prevent another major breakdown. However, the setup carries a clear invalidation level. A weekly close below the current base would undermine the bullish argument. Such a move could expose FET to further downside pressure. Traders should therefore watch weekly closing prices rather than short-term price fluctuations. The recovery also requires several resistance levels to fall.
FET must first reclaim $0.8689 before approaching the next major barrier. The following resistance sits at $1.1741.Beyond that level, bulls face additional hurdles at $2.1442 and $3.0271. Each successful breakout could improve market sentiment and attract fresh buying interest. However, these levels represent separate challenges rather than guaranteed recovery milestones. The sequence matters because FET needs sustained momentum.
Can FET Break Above $3.48 and Reach $5.50 by 2028?
The most important milestone sits near $3.48, representing FET's 2024 peak. Reclaiming this level would mark a significant achievement for long-term bulls. Such a breakout could signal renewed strength across the broader market structure. The technical projection then points toward a potential move above $5.50. The chart places this ambitious target around 2028. From $0.1505, that projection represents more than 36 times the current price.
However, investors should treat this scenario as a technical possibility. The market must overcome several resistance levels before reaching that target. Broader cryptocurrency conditions could also influence FET's performance. A sustained recovery would require stronger demand and consistent buying pressure. Meanwhile, failure to defend the current base could invalidate the bullish structure.
For now, FET holders have two important levels to monitor. The current base represents the foundation of the recovery attempt. Meanwhile, $3.48 remains the major breakout hurdle before $5.50 enters focus. FET's weekly chart offers an ambitious long-term scenario, but confirmation remains essential.