Fetch.AI (FET) has experienced a 95% drawdown from its all-time high, currently trading around $0.16-$0.17. Analysts identify the $0.14–$0.16 range as a historic support zone, suggesting potential for a significant trend reversal. Despite the broader "crypto winter" sentiment, FET's trading volume remains robust at over $40 million, with on-chain metrics indicating substantial accumulation. Recent developments, including the launch of ASI:Create in closed alpha and a strategic partnership with Google Cloud, are enhancing FET's utility. These factors, combined with technical analysis pointing to a descending channel breakout, have fueled optimism for a recovery. Analysts project ambitious targets, with potential gains up to $3.50 if historical patterns repeat. As the AI sector continues to grow, FET's focus on decentralized AI agents positions it for potential leadership in the space.