Fetch.AI’s FET Token Surges 5.62% as TRNR Builds $500M Treasury

Fetch.AI’s native token, FET, has garnered significant attention as market sentiment shifts positively. Interactive Strength Inc., a U.S.-based fitness-tech firm, has announced plans to build a $500 million treasury of Fetch.AI’s FET token. This move is part of a broader strategy to align with digital innovation and is connected to TRNR’s upcoming acquisitions of Sportstech and Wattbike.

The company has confirmed an initial $55 million investment from ATW Partners and DWF Labs. BitGo is managing custody and token transactions. TRNR has started acquiring FET from open markets, with no over-the-counter involvement, as confirmed by Fetch.AI CEO Humayun Sheikh. Sheikh clarified that the Fetch.AI foundation is not participating in this deal. He stated that FET’s role as the power source for autonomous AI agents makes it valuable across multiple industries, including fitness personalization.

TRNR’s CEO, Trent Ward, noted that the token acquisition is part of a broader plan to align with digital innovation. The strategy is also connected to TRNR’s upcoming acquisitions of Sportstech and Wattbike. This move by TRNR is seen as a significant endorsement of Fetch.AI’s technology and its potential applications in various industries.

Fetch.AI’s token has shown intense price action following this announcement. FET recently broke above a long-standing descending trendline and reclaimed the $0.70–$0.80 support range. Chart data indicated a bullish reversal near the $0.30 level. As of the latest analysis, FET was trading at $0.772, up 5.62% on the day, with momentum building. Analysts noted that price action confirms a shift in trend direction, aligning with key technical levels. Short-term targets include the $1.30 and $2.00 levels.

FET’s ongoing technical setup, a 4-hour TradingView chart, shows a potential bullish pennant pattern forming. FET recently broke above the $0.781 resistance level, reaching $0.788, with over a 1% intraday gain. A Break of Structure (BoS) has been confirmed, with a target goal (TG-1) in place. Analysts suggest the next resistance lies at $0.895. A daily close above this level could open the path toward higher gains. Meanwhile, the $0.726 support remains intact, providing a stable base.

Traders who missed earlier entries now see this as a new opportunity. With rising momentum and aligned technical indicators, FET remains on the watchlist for both retail and institutional participants. The bullish chart patterns align with strong institutional buying momentum, indicating a positive outlook for FET’s future performance. This development underscores the growing interest in AI-focused crypto treasuries and the potential for significant gains in the market.