In the ever-volatile realm of AI-driven cryptocurrencies, Fetch.ai (FET) is charting a cautious path downward, drawing sharp attention from technical traders. Recent analysis from crypto research outlet More Crypto Online highlights the token’s trajectory toward a pivotal 100% Fibonacci extension level at $0.207, underscoring sustained bearish momentum in the short term. As of December, 2025, FET traded around $0.34 on Binance, down over 20% from November peaks, reflecting broader market jitters amid regulatory whispers and macroeconomic headwinds.
Elliott Wave Structure Confirms Bearish Pressure
Delving into the charts, the 1-hour timeframe reveals a classic Elliott Wave setup. Labeled points A, B, and C trace an impulsive decline from the $0.75 high in early November, with corrective waves (2) and (4) offering fleeting bounces. The annotated Fibonacci retracements and extensions paint a bearish picture: the 61.8% level at $0.194 has already been breached, paving the way for the 100% projection at $0.207. Analysts note the support cluster—spanning $0.156 (78.6% extension) to $0.207—as a high-confluence zone where prior lows and dynamic trendlines intersect.
AI Tokens Under Heavy Sentiment Drag
“The pressure remains downward,” as per the update, with volume spikes on dips reinforcing the sellers’ edge. This isn’t isolated to FET; the AI narrative, once a 2025 darling with FET’s autonomous agents powering decentralized machine learning, now grapples with profit-taking post-rally. Competitors like SingularityNET (AGIX) and Ocean Protocol (OCEAN) echo similar patterns, down 15-25% in tandem. Yet, for web3 enthusiasts, this dip spells opportunity. Fetch.ai’s ecosystem—bolstered by partnerships in supply chain AI and DeFi integrations—positions it for resilience.
Why Long-Term Traders Eye Opportunity in the Dip
A hold above $0.156 could invalidate the bear thesis, targeting a rebound to $0.45 (123.6% extension) in wave 5. Traders should monitor RSI divergence for reversal cues, currently hovering near oversold at 28. Long-term, FET’s utility in agentic economies aligns with xAI and Grok-inspired innovations, potentially fueling a 2026 surge. As always, risk management reigns: position sizing below 2% per trade, with stops under $0.15. In crypto’s chess game, patience at supports often checkmates panic sells—watch this zone closely.