The analysis discusses Fetch.ai (FETUSDT) on a larger timeframe chart, noting that while upside potential exists, the market hasn't provided a clear bottoming signal, especially after the October crash. A break above certain resistance levels is needed to confirm the uptrend's continuation. There's a local downtrend from the March 2024 high, with the price currently in a standard support area, considered a B-wave corrective pullback. The correction has lasted approximately one and a half years. The October low disrupted a potential bullish recovery from the April low, requiring new evidence for a low to be established. A target price of $6.23 is inferred from the analysis, requiring a break above resistance to validate this bullish scenario.