FET dips back but trading remains hot, technical indicators suggest an imminent reversal

HashBard · 2026-01-20T02:20:11+00:00

Fetch.ai (FET) price dropped 11% today, but trading volume surged 145% to $145 million, indicating accumulation at the bottom. Technical indicators such as the Accumulation/Distribution line and Chaikin Money Flow remain bullish. Additionally, a Dragonfly Doji pattern has appeared, possibly signaling a reversal. The AI token sector remains relatively strong, and the FET decline may just be a short-term correction.

HashBard

2026-01-20 02:20:11

Abstract generation in progress

【Crypto World】Fetch.ai (FET) has a bit of an interesting movement today — the price dropped 11%, which looks a bit grim, but the trading volume soared to $145 million, a 145% increase. What does this divergence between volume and price indicate? Many are accumulating at the bottom.

From a technical indicator perspective, several signals point in the same direction. The Accumulation/Distribution line and Chaikin Money Flow (positive at 0.09) both show continuous buying pressure, which cannot be explained by retail panic selling. More interestingly, a Dragonfly Doji pattern appeared on the candlestick chart — this usually hints at a potential bottom reversal. If a rebound occurs, the first resistance is at $0.27, followed by $0.31.

Looking at the bigger picture, although the entire AI token sector has been somewhat weak recently, with a total market cap down 1.79% from its high to $19.64 billion, honestly, this sector has still gained 16.59% so far this year. Compared to that, FET’s recent decline might just be a normal short-term correction rather than a trend reversal. Market sentiment is a bit tired, but don’t rush to sell.

FET-4.56%

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fork_in_the_road

· 18h ago

The divergence between volume and price is so obvious, the big players are accumulating chips. Dragonfly Doji? Sounds mystical, but this time it really seems a bit different. FET is about to take off again, I bet on 0.27. The AI sector is not weak at all, just waiting to slap back. This accumulation strength feels promising for next month.

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SigmaBrain

· 18h ago

The divergence between volume and price is so obvious, are institutions just eating up the supply? If the dragonfly doji doesn't reverse this wave, it would be unbelievable. There are indeed buyers at the bottom, and the AI sector can still be played. It's strange if it can't break 0.27. It's the same old trick, you'll regret it after the rise.

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MercilessHalal

· 18h ago

Divergence between volume and price + Dragonfly Star, isn't this institutional building positions? Waiting for the rebound. This wave of FET has some potential, big players are quietly accumulating, retail investors are still panicking and bottom-fishing. Whether 0.27 breaks or not is the key, we'll see when the time comes. The AI sector is sick but not dead yet, let's wait and see. This K-line pattern is quite tricky, if it hits 0.31, it will surge significantly.

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OfflineNewbie

· 18h ago

The divergence between price and volume... Every time it says reversal, but it still keeps falling. --- Dragonfly Doji? I've heard it too many times, and 0.27 still feels uncertain. --- 145% trading volume definitely indicates something, but can this wave hold? --- Accumulation? Or the last frenzy before a dump? --- I'm really a bit tired of this AI sector trend.

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