Fetch.ai (FET) Eyes $0.194 After Forming Potential Five-Wave Structure

Fetch.ai (FET) showed early signs of upward momentum on Tuesday, February 17, with traders watching a decisive move above $0.184. According to MoreCryptoOnline, breaching this level could open the door toward $0.194, a critical resistance area.

This target aligns with the 100% extension, making it a pivotal zone for technical analysts and market participants looking for early bullish confirmation.

Analysts highlight the potential formation of a five-wave upside structure, often referred to as the “white scenario.” Completing this wave pattern would signal that FET may have established a more durable low.

Such confirmation would mark the first meaningful technical evidence of a potential trend reversal, providing traders with a clearer framework for strategic entry points.

Also Read: FET Holds Key $0.19 Support as Macro Accumulation Signals Emerge

FET Eyes $0.194 as Bulls Seek Structural Confirmation

However, as experts have pointed out, such optimism is still speculative until structural confirmation is received. There is a chance that market volatility and resistance at critical levels could result in a sharp pullback. Hence, it is important to be cautious and not rush into buying the tokens based solely on short-term signals.

Source: MoreCryptoOnline X Post

The upcoming sessions are critical for the FET, especially since it is expected to rise above $0.184 and move towards $0.194, which could define its future.

Everyone, including the traders, will be keenly observing the future movement of the coin to see if it can sustain its uptrend, complete the five-wave pattern, and thereby establish a low, which could be the starting point for the uptrend in the market.

Technical Outlook Shows Improving Bullish Power

According to TradingView, as of Tuesday, February 17, the price illustrates a consistent decline from late January 2026, with the price falling from an initial range of $0.28 to its recent low of $0.14.

In the middle of February, there is an indication of an increase in price as it touches the middle of the Bollinger Band at $0.1736.

There is an indication of buying activity with several small green candles, although the price is still below the 20-day SMA.

Source: TradingView

The MACD shows a blue line crossing over the orange line, while the histogram is sitting above the zero line at 0.00365.

This is showing early signs of bullish movement, but with the MACD sitting close to the zero line, the trend is still questionable.

It is possible to look for the token to move above the middle band or test the lower band to determine the next move.

Also Read: FET Price Defends Descending Channel Support, Is a Rally to $1.80–$2.20 Next?