Fetch.ai's native token FET experienced a sharp 10.43% price decline on January 19-20, 2026, dropping to $0.2464. The sell-off was attributed to heavy selling pressure and broader market de-risking, influenced by a concurrent Bitcoin price retreat. The drop positioned FET below its short-term moving averages and significantly under its 200-day moving average of $0.4620, signaling a bearish technical trend.
Despite the sell-off, analysis indicates resilient buyer interest, particularly around a critical long-term macro support zone between $0.19 and $0.20. This area has acted as a structural base since 2020 and is seen as a potential accumulation zone. On shorter timeframes, FET has been consolidating in a range between $0.26 and $0.31, with market participants showing indecision before a potential breakout.
The token's volatility is not new; it has previously crashed approximately 97% from its 2024 highs near $3.00. A crypto analyst noted, "The current trend of FET reflects the volatility seen across numerous digital assets, emphasizing cautious strategies going forward." Technical setups suggest that if the macro support holds, conservative upside targets range from $0.60 to $1, with more ambitious projections pointing toward $2.80, $5, and even $10 in a long-term bullish scenario.
