FET’s altcoin uptrend holds since 2020 after a 40% weekly jump

Fetch.ai’s native token FET is having a moment. While Bitcoin trades above $85,000 and Ethereum holds ground above $2,500, this artificial intelligence-focused altcoin has quietly climbed back into focus, gaining more than 40% in just seven days. That kind of move doesn’t happen in isolation, and chart watchers say the bigger story is what’s happening underneath the surface: FET appears to be riding a long-running macro uptrend that stretches all the way back to 2020, raising fresh questions about how far this FET altcoin uptrend could ultimately run.

Key takeaways

• FET is currently trading around $0.20, up over 40% in the last 7 days and nearly 30% over the past 30 days, according to CoinMarketCap data.
• The token sits inside a macro uptrend dating back to 2020, with long-term ascending support still intact despite sharp corrections.
• FET hit an all-time high of $3.4 roughly two years ago and would need a move of more than 10x to reclaim that level.
• Key resistance sits between $0.26-$0.32 and $0.43-$0.50, with a weekly close above $0.50 seen as a signal for further upside toward $0.70-$0.90.
• Longer-term bullish scenarios stretch toward $1.50-$1.70, $2-$2.20, and even a retest of the $3.35-$3.50 ATH region, though a jump to $6-$7 would require a full market cycle expansion.

FET’s Current Price and Recent Performance

FET is trading in the $0.20 price range, having surged more than 40% over the past week and close to 30% across the last month, according to CoinMarketCap analytics. That kind of double-digit weekly gain has put the token back on traders’ radars at a moment when broader crypto sentiment has turned notably more optimistic.

The rally comes as the wider market backdrop improves, with Bitcoin holding above $85,000 and Ethereum trading above $2,500. Altcoins have generally followed that lead, and FET’s price action stands out as one of the sharper examples of that broader participation.

Long-Term Macro Uptrend Since 2020

The real story behind FET’s recent bounce isn’t just the weekly percentage gain — it’s the structure underneath it. According to one market analyst, FET remains inside a large macro uptrend that has held since 2020, and that long-term pattern is what matters most for where the token goes from here.

Historical Price Context and ATH

Two years ago, FET touched its all-time high of $3.4. To reclaim that level today, the token would need to rally more than tenfold from its current price. That’s a steep climb, but it hasn’t stopped experts from suggesting FET could post new all-time highs during the current bull cycle — a view shaped less by short-term momentum and more by the token’s longer historical arc.

Technical Support Structure

Since 2020, FET has continued to respect a broad rising macro structure, and even brutal corrections along the way haven’t broken that pattern. The long-term ascending support line remains intact, with price currently sitting near the lower end of that structure — an area the analyst described as particularly interesting for what comes next.

Adding to that picture, the FET weekly chart still holds above its 2022 bottom, which keeps a recovery scenario technically alive. Still, the broader downtrend that has weighed on the token for years needs more confirmation before that recovery case can be considered fully validated.

Expert Analysis and Bullish Outlook

If the macro trend holds and Fetch.ai continues developing as an AI-focused project, the analyst behind this reading believes the next market cycle could look meaningfully different from current expectations. A return toward previous highs would represent the first major milestone in that FET price forecast.

Expected Price Targets and Resistance Levels

The path higher isn’t without obstacles. FET must first clear resistance in the $0.26 to $0.32 range, but the tougher challenge lies at $0.43 to $0.50. Should the price manage a weekly close above that historically significant zone and then retest it successfully, the odds would improve for a rally toward $0.70-$0.90.

From there, the analyst’s roadmap for a crypto bullish comeback extends through $1.50-$1.70 and $2-$2.20, before FET would need to challenge upper supply zones and eventually the $3.35-$3.50 region — the same territory as its prior all-time high.

Conditions for Higher ATH and Market Cycle Expansion

Should FET eventually reach the upper part of this long-term channel again, the analyst’s more ambitious FET price target points toward $6-$7. That level, however, would demand a full cycle expansion rather than a quick rally — something the analyst explicitly says isn’t expected to happen overnight.

For now, the emphasis stays on holding the macro trend and building higher over time. Nothing about these targets is guaranteed, and the analyst frames them as a long-term scenario grounded in technical structure rather than a firm prediction. In practice, that means each resistance test — starting with the $0.26-$0.32 zone — will likely tell traders more about whether this uptrend has real staying power than any single weekly price swing.

FAQ

What is the current price and recent performance of FET?

FET is currently trading around $0.20 and has increased by over 40% in the last 7 days.

What is the long-term price trend for FET?

FET has been inside a large macro uptrend since 2020, with its long-term ascending support remaining intact despite corrections.

What are the key resistance levels for FET to break?

Key resistance levels for FET sit between $0.26-$0.32 and $0.43-$0.50; a weekly close above $0.50 could trigger a move toward higher price targets.

Could FET reach new all-time highs in this cycle?

Experts expect FET could reach new all-time highs in this bull cycle, with targets including $0.70-$0.90, $1.50-$1.70, $2-$2.20, and the prior ATH region around $3.35-$3.50.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.