Key highlights:
- The FET price is sitting on a long-term support level that has shaped its price since 2020.
- After a brutal 97% drop from the highs, the chart now points to a possible accumulation phase.
- If this macro support holds, the setup leaves room for a much bigger upside story.
FET has quietly made its way back to one of the most important areas on its entire chart. After going through a brutal correction from its cycle high, the FET price is now sitting right on a macro support level that has held for nearly five years.
According to Crypto Patel, this zone could act as the foundation for a long-term reversal, with upside scenarios that go far beyond a simple short-term bounce. And when you look at the chart, it becomes clear pretty quickly that this isn’t just another random move. This is a structural test that’s been building for years.
The channel that has guided FET since 2020
One of the first things that stands out on the chart is the long-term ascending channel that has shaped the FET price all the way back to 2020. Through multiple market cycles, explosive rallies, and painful drawdowns, price has continued to respect this rising structure.
Every major sell-off has found support near the lower boundary of this channel. Every expansion phase has pushed toward the upper boundary. And now, once again, FET is sitting right at the bottom of that channel. Historically, that’s where accumulation has tended to happen, not distribution.
A 97% retracement that looks more like a reset
There’s no way to sugarcoat the correction FET has been through. From its cycle highs, the token has retraced nearly 97%, bringing the FET price back into the $0.19 to $0.20 range. On the surface, that kind of drawdown looks ugly. But context changes everything.
Instead of breaking down through long-term structure, FET found buyers exactly where previous macro reversals have formed. On the chart, this area is clearly marked as a strong support and accumulation zone, reinforced by repeated reactions over several years.
$FET PRICE PREDICTION | 5000% POTENTIAL FROM MACRO SUPPORT?#FET Is Trading At A Major HTF Support Zone On HTF Chart After A Deep Correction From Cycle Highs. Price has Retraced Nearly 97% from ATH
Price Action Suggests Long-Term Re-Accumulation.Technical Structure:
✅ Macro… pic.twitter.com/IsA6Njup4V— Crypto Patel (@CryptoPatel) January 18, 2026
The $0.19 to $0.20 zone isn’t just another horizontal line drawn on the chart. It’s where long-term channel support meets historical demand. As long as the FET price stays above this area, the bigger bullish picture remains technically valid.
Crypto Patel points to this level as the line in the sand. Lose it decisively, and the entire macro structure has to be questioned. But hold it, and the long-term bias stays constructive, even if the short-term price action remains messy.
What’s next for FET?
The current FET price setup isn’t built on hype alone. It’s grounded in a multi-year structure that has repeatedly marked major turning points. While a 5000% upside scenario sounds aggressive, the reasoning behind it comes from the channel itself, not from short-term noise.
A push toward $0.60 would signal the first real shift in trend and sentiment. From there, moves toward $1 and $2.80 would bring FET back into value areas from previous cycles.
Higher levels around $5 and even $10 align with the upper boundary of the long-term channel, which would imply a full macro recovery rather than just a relief rally. According to CoinCodex’s 3-month FET price prediction, the token could trade around $0.4492, but the bigger story is still on the chart.
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