• FET is consolidating near $0.6500 with Bollinger Bands tightening, signaling a possible breakout.
  • A bullish MACD crossover suggests early upside momentum despite neutral RSI.
  • Reclaiming $0.718 is crucial to reversing the short-term bearish trend.

Fetch.ais native token FET is consolidating around the $0.6500 mark after a modest 0.87% uptick in the latest session. While the token is still down 4% over the past week, tightening technical indicators suggest that a significant price move may be on the horizon. As traders await confirmation, all eyes are on key resistance and support levels that could determine the next trend.

FET 7D graph coinmarketcap 4

Source: CoinMarketcap

On the 4-hour chart, the token is trading just above the 20-period simple moving average of the Bollinger Bands, which currently sits at $0.64775. The upper and lower bands are compressed at $0.66587 and $0.62963, respectively, highlighting reduced volatility and a potential squeeze setup.

The Relative Strength Index (RSI) holds steady at 50.12, reflecting a neutral momentum stance. However, the MACD has printed a bullish crossover, with the MACD line at +0.00168, signal line at -0.00169, and a histogram reading of +0.00337, indicating early upside momentum.

FETUSDT 2025 08 06 16 05 01 Fetch.ai (FET) Price Eyes Breakout as Bollinger Bands Squeeze Near $0.65 5

Source: Tradingview

Volume remains muted at 735.96K, suggesting traders are awaiting clearer signals before committing capital. A surge in buying pressure will be needed to confirm any breakout attempt.

Also Read: Fetch.ai (FET) Forms Bullish Pattern: Cup & Handle Hints at $1.40 Rally

Crypto analyst Bullis Banter highlighted that the token has broken down from its rising channel and is struggling to regain upward momentum. It was rejected from the $0.702$0.718 zone and continues to trade below critical resistance.

image 252

Source: X

Short-term trend remains weak unless bulls reclaim control above $0.718, he noted, citing $0.628 and $0.598 as next lines of defense.

If the token can close above the $0.67 resistance with a clear rise in volume, a breakout toward $0.70 and potentially $0.718 could unfold. On the flip side, failure to hold above $0.63 may expose the token to a further decline, with support levels at $0.598 and $0.55 likely to come into play.

Also Read: Fetch.ai (FET) Breaks Out of Slump, Sets Sights on $2.00 Zone