Fetch.ai rallies over 15% amid strong market demand and whale support, signaling bullish momentum.

Fetch.ai (FET) surged more than 15% in 24 hours, reaching $0.15, supported by strong long positions and positive funding rates in its perpetual market. Spot market demand remains robust, with significant net outflows to private wallets indicating strong buying interest. Short sellers have faced heavy liquidations, losing over 13 times more than long traders, while whale activity suggests sustained bullish sentiment. Despite this optimism, some price retracement risk exists around the $1.2 level, but overall conditions point to continued upward momentum in the near term.