FET’s Retrace: Bullish Setup or Trap? Bishagq’s Chart Breakdown Fuels Optimism

  • Bishagq views $FET’s retrace as normal post-pump, with strong order blocks and fair value gaps priming for upside.
  • Either front-run support for immediate trendline break or dip to targets before resilient FVG fill—win-win for longs.
  • Despite alliance lawsuits, FET’s 61% single-day spike signals $1 potential if broader crypto rotates into AI narratives.

In the AI-crypto nexus, where neural nets meet market madness, $FET— the token of the Artificial Superintelligence Alliance—rides waves of hype and hiccups. On November 15, 2025, trader Bishagq lit up X with a candid love letter to the asset: “I love $FET here.” His chart, a canvas of crimson retracements and emerald pumps, dissects the token’s recent drama, framing a 20% dip from $0.36 highs as a bullish breather rather than a bear trap.

Fetch.ai, now fused with Ocean Protocol and SingularityNET under the ASI banner, has been a 2025 standout. Trading at $0.292 as markets close on this Dubai Friday, FET clawed back from October lows but surrendered gains after a blistering 61% surge on November 7, triggered by ASI Cloud processing 6 billion tokens. Yet, shadows linger: Fetch’s lawsuit against Ocean over $263 million in “community” FET sales, filed just days ago, underscores merger fractures. Ocean’s October exit from the alliance only amps the uncertainty. Still, SingularityNET’s Hyperon AGI framework launch at Web Summit Lisbon injected fresh fuel, with TVL in AI agents swelling 40% YTD.

Bishagq’s analysis? Masterful minimalism. The chart overlays a steep trendline (TL) resistance, breached in the pump but now tested on pullback. Below: a support zone (gray band) around $0.28, backed by an Order Volume Block (OVB) in green—accumulation territory where big players defend. To the right, a Fair Value Gap (FVG) in blue screams inefficiency, resilient against downside probes. “We either front run our Support Zone and have breakout above the TL,” he posits, “Or we get to our target and then break FVG resilient.” Either path? Bullish. A continuation sans retrace would scream euphoria, but this measured cooldown—textbook after 100%+ quarterly gains—screams sustainability.

Zoom out: AI tokens like FET thrive in bull cycles, with predictions pegging $0.99 highs by year-end on Changelly’s radar, or $1.10 via wedge breakouts per TradingView scouts. Broader tailwinds? Bitcoin’s $100K perch stabilizes alts, while RWA integrations and agentic AI hype draw institutional eyes. Risks? Lawsuit fallout could spark dumps, and Fed stubbornness caps risk-on vibes. But as Bishagq quips, “We play what we get.” With OVB holding firm, $0.32 beckons on a TL flip— a 10% pop to reclaim momentum.For FET faithful, this isn’t fear; it’s formation. In crypto’s AGI arms race, retraces forge legends. Load the dip, or lament the lift-off?

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.

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