Log in

Technical Analysis

Fetch.ai (FET) price prediction:Is $0.50 support a buy opportunity?

Updated: Aug 27, 2024
Published: Aug 15, 2024
0
Share:

FET has demonstrated significant market activity over the past year, with a particularly impressive 600% surge back in February, where the price rose from $0.50 to approximately $3.50. This surge highlighted strong demand for FET during that period. Since then, the broader market has been mixed, with both bullish and bearish catalysts influencing the asset's price action.

Post Feature Image

Key observations: Massive bullish move

FET experienced a substantial 600% increase earlier in the year, indicating strong market interest. The price surged from $0.50 to around $3.50, reflecting significant demand

Natural correction

Following such a large upward move, the recent downside can be seen as a natural corrective phase rather than an aggressively bearish one. This is particularly evident on higher time frames like the monthly and weekly charts.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


Key support at $0.50

FET is currently finding or approaching support around the $0.50 level, which is a significant price point. Unless there is a decisive break below this level with sustained lower trading, the structural integrity of the asset remains intact.

Weekly chart of FET USDT on Binance showing a significant downward trend with key support and accumulation region highlighted.

Potential scenarios: Bullish accumulation opportunity

The current pricing around the $0.50 support level presents a potential long-term accumulation opportunity. Bidding around this zone could be prudent, especially considering its significance as a support level. Furthermore, if FET can reclaim the $1.00 mark, it would represent a high-conviction bid due to the psychological importance of that level.

Long-term bullish potential

If FET stays above the levels established during the January-February surge, it would indicate continued demand beyond that key catalyst period. Given the potential for a 650% move from current levels back to all-time highs, there's a strong case for considering FET as a long-term hold, particularly from a spot position rather than using leverage

Conclusion: Bullish/Accumulation:

FET's recent price action, while corrective, is not structurally concerning, especially when viewed in the context of its significant 600% rise earlier this year. The current support around $0.50 offers a compelling opportunity to accumulate, with the potential for substantial upside if FET reclaims the $1.00 level.

Given the asset's underlying technology and the strong demand seen in this cycle, there is a solid argument for building a position at these levels. FET remains a relatively positive asset in its space, with the potential for renewed demand in the future.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Market Pulse: Softer Inflation Fuels Fed Cut Hopes
PRO
Market Pulse
Market Pulse: Softer Inflation Fuel...Inflation surprised to the downside, easing Fed pressure and sparking rebounds in both TradFi and BT...
3 min read
Oct 24, 2025