- Fetch.ai has confirmed a strong support base near $0.26 following a sharp market correction earlier this month.
- Analysts note the purple line has again acted as a reliable launch point within a long-term price channel.
- Historical charts reveal FET rebounds often begin from this range suggesting the next bullish leg may soon form.
Fetch.ai (FET) is showing renewed market structure strength after confirming a key support zone during the October 10 market drop. The token, trading near $0.26, has regained traction within a long-standing parallel channel, suggesting that a potential rebound may be underway. The analysis shared by crypto trader @mathu_ on X indicates that the same purple line acting as resistance in previous cycles has once again flipped into a confirmed support zone.
According to the trader, “The price tends to linger in these parallel channels before a breakout.” The accompanying chart, published on October 25, 2025, illustrates a recurring pattern where FET rebounds from the lower boundary of its channel before resuming an upward trend. This structural repetition has marked several turning points across Fetch.ai’s historical cycles.
The recent confirmation of support follows a steep retracement earlier in the month, triggered by broader market liquidation. However, data now suggests that FET’s price reaction has stabilized at this crucial level, potentially setting up a new bullish phase similar to previous rebounds.
Parallel Channel Patterns Define Fetch.ai’s Long-Term Behavior
The multi-year chart reveals FET’s tendency to oscillate between fixed horizontal zones, forming clear regions of accumulation and distribution. Each major rally since 2021 has originated from this lower support range, which analysts interpret as a critical “launch zone.” The purple line, highlighted by @mathu_, serves as both a psychological and technical pivot — a point that has repeatedly defined directional shifts.
Previous recoveries in 2021 and mid-2023 followed nearly identical structural setups, where the token tested this zone before surging to upper resistance near $1.20 and $2.00. The same scenario is now forming again after the October 2025 correction. Historical price data supports this cyclical pattern, with bullish impulses following months of consolidation near the $0.20 to $0.30 band.
The analyst’s chart marks this region as the foundation for a potential breakout setup. Notably, the green arrows drawn across the graph correspond to earlier rebound phases where the token rallied more than 200% from comparable levels. This suggests that FET could be entering the early stages of another long-term upward move if momentum continues to build.
The repetition of structural symmetry across these phases adds to the technical confidence in the current setup. Traders viewing the chart recognize that the market’s behavior remains consistent with prior recovery sequences, reinforcing the idea that FET’s price may be transitioning from accumulation to expansion.
Investor Outlook: “Sleeping, Not Dead”
In the accompanying X post, @mathu_ posed the question, “Is $FET dead or just sleeping?” The trader responded that “it still looks like it’s sleeping,” implying that despite price stagnation, the structural potential remains intact. This viewpoint suggests a technical phase of quiet accumulation before volatility resumes — a pattern commonly seen before major breakouts.
The recovery of support following the October 10 decline further validates the bullish interpretation. The analyst noted that the purple line “has also previously acted as a launch zone once confirmed as support,” and that the latest confirmation strengthens the case for a possible upside reversal.
Community responses reflected mixed opinions. Some users expressed skepticism, while others agreed that the consolidation phase may be a precursor to renewed momentum. Yet, based on the presented chart, the evidence of consistent structural behavior across several years supports a long-term bullish narrative for Fetch.ai.
As of this writing, Fetch.ai trades around $0.26 on Binance, reflecting a decline of approximately 10% on the week. However, its broader chart suggests that such dips may be temporary within a wider accumulation channel. With market cycles repeating and structural support holding firm, one pivotal question remains — could Fetch.ai’s current consolidation mark the beginning of its next major bullish breakout?
