Key Insights:
- FET climbed past key Fibonacci levels, suggesting a potential move toward $0.734 before facing possible reversal pressures.
- FET saw long liquidations spike above $1 million in mid-April, hinting at overconfidence among bullish traders.
- FET gained momentum after launching TransactAI and upgrading ASI-1 Mini, pushing prices to $0.6193 with a 282% volume surge.
After Fetch AI (FET) rose continuously this month, this sharp rebound pointed toward a possible pattern completion.
From around $0.411, it made a strong rise, and it passed through very important levels such as $0.535 (38.2%), $0.593 (50%), and even up to $0.661 (61.8%) on the Fibonacci retracement scale.
This indicated that FET may push further towards reaching $0.696 (70.7%) and $0.734 (78.6%) as a likely completion point of a common price pattern in reversing trends.
The structure resembled well-known chart patterns like Bat or Gartley, as the key levels near $0.696 to $0.734 matched areas where the price might change direction.
If selling pressure increased around that zone, the price could fall back to $0.593, $0.535, or even $0.491, which had shown support in the past.
Momentum indicators, such as the stochastic RSI, showed a reading above 84, which meant that the market was heavily bought.
This suggested that the strong upward momentum might be fading, and a price drop could happen if buyers failed to push above $0.696.
Fetch AI Liquidation Spikes Signal Pressure
Long liquidations spiked as FET’s price moved up from under $0.60 to close to $1.00.
In the middle of April, just around $1 Million of liquidation took place in that time, showing many traders had put big bets hoping that the price would continue to go up.
If this upward pressure had continued, FET could have pushed past $1.00, tested $1.10, and possibly returned to highs seen in late November near $1.50.
However, the increase in long liquidations and the drop in short liquidations showed that the market had become overly confident in the price going up.
If FET failed to stay above $1.00, the price might have fallen back to $0.80 or even revisited $0.60 if the drop became severe.
Similar spikes in both directions had also happened in December and January, which suggested that big price swings could happen again.
From March to April, long liquidations remained dominant, pointing to an overheated market. This trend might have led to quick sell-offs if buyers began to slow down.
Meanwhile, from early March to mid-April, the curve of liquidations became flatter, showing that fewer people were using borrowed money to trade.
The recent surge has probably ended this period of calm. The chart also showed a possible peak with the rise of the yellow price line with the increase of liquidations.
Otherwise, in the short term, FET could have fallen without any new buying interest. The market was at a tipping point, and an excess exposure could have caused sudden price changes.
Due to the company’s release of new tools within three days, Fetch.ai’s price hit new heights on April 19, 2025, reaching $0.6193.
On April 21, 2025, it introduced TransactAI on its Agentverse platform.
New Tools Drive Price Growth in Fetch.ai
With this tool, users were able to register, send funds off the blockchain, and make secure withdrawals on-chain back to their public address.
Fetch.ai’s platform became stronger and also easier to use after these updates.
Along with that, the ASI1 Mini tool was also updated to be able to handle more tasks and execute better searches on the web.
These improvements showed Fetch.ai’s strong position in combining artificial intelligence with blockchain.
As a result, trading volume rose by 282%, showing that traders were excited about the news.
However, staying at this higher price seemed difficult. The crypto market remained unpredictable, and possible government rules added more uncertainty.
While these new tools drew a good amount of attention to Fetch.ai, the last trend to influence the price was larger.
Real growth was dependent on how many people actually used the tools and how stable the market was, and investors remained alert.
While these were progress for Fetch AI, keeping the price up for good would need to have steady improvements and strong market support.