- TRNR begins FET accumulation, aiming to lead AI-focused crypto treasuries.
- Bullish chart patterns align with strong institutional buying momentum.
Fetch.AI’s native token, FET, is gaining renewed attention as market sentiment shifts. Interactive Strength Inc. (NASDAQ: TRNR), a U.S.-based fitness-tech firm, announced plans to build a $500 million treasury of Fetch.AI’s FET token.
The company confirmed an initial $55 million investment from ATW Partners and DWF Labs. BitGo is managing custody and token transactions. TRNR has started acquiring FET from open markets, with no over-the-counter involvement, as confirmed by Fetch.AI CEO Humayun Sheikh.
Sheikh clarified that the Fetch.AI foundation is not participating in this deal. He stated that FET’s role as the power source for autonomous AI agents makes it valuable across multiple industries, including fitness personalization.
TRNR’s CEO, Trent Ward, noted that the token acquisition is part of a broader plan to align with digital innovation. The strategy is also connected to TRNR’s upcoming acquisitions of Sportstech and Wattbike.
Bullish Trend Forms After Breakout from Key Resistance Levels
Fetch.AI’s token has shown intense price action following this announcement. FET recently broke above a long-standing descending trendline and reclaimed the $0.70–$0.80 support range. Chart data indicated a bullish reversal near the $0.30 level. As of the latest analysis, FET was trading at $0.772, up 5.62% on the day, with momentum building.
Dami-Defi recently highlighted FET’s growing strength on social media. Analysts noted that price action confirms a shift in trend direction, aligning with key technical levels. Short-term targets include the $1.30 and $2.00 levels.
Trading Charts Signal Further Upside Potential
FET’s ongoing technical setup, a 4-hour TradingView chart, shows a potential bullish pennant pattern forming. FET recently broke above the $0.781 resistance level, reaching $0.788, with over a 1% intraday gain. A Break of Structure (BoS) has been confirmed, with a target goal (TG-1) in place.
Analysts suggest the next resistance lies at $0.895. A daily close above this level could open the path toward higher gains. Meanwhile, the $0.726 support remains intact, providing a stable base.
Traders who missed earlier entries now see this as a new opportunity. With rising momentum and aligned technical indicators, FET remains on the watchlist for both retail and institutional participants.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
