- FARTCOIN has broken out of a descending channel after a major correction, signaling a potential trend reversal if it can hold above key support at $0.60.
- A new five-wave impulse pattern is forming, with short-term price targets between $0.82 and $1.04, depending on whether momentum continues.
- Critical resistance sits at $1.00, while a breakdown below $0.46 could invalidate the bullish outlook and lead to further declines.
After a brutal downtrend, FARTCOIN is finally showing signs of life, flashing signals that a potential trend reversalmight be in the works. Recent price action suggests that the worst could be over, but will FARTCOIN hold its ground and surge higher, or is another leg down still lurking?
Technical indicators across multiple timeframes hint at a completed correction, with a fresh wave of bullish momentum brewing. Here’s what the charts are saying.
FARTCOIN’s Wild Ride: Breakout Confirmed?
On the 4-hour chart, FARTCOIN seems to have wrapped up a classic five-wave Elliott Wave sequence, peaking at $2.74 on January 19 before plunging into an ABC corrective phase. That drop sent it tumbling into a descending channel, eventually bottoming out at $0.40 on February 6—a staggering collapse.
But then, something changed.
FARTCOIN bounced hard off support, successfully breaking out of the descending channel, a move that often signals the end of a correction and the beginning of a new uptrend. The Relative Strength Index (RSI) has rebounded from oversold conditions, further backing up the case for a bullish reversal.
Still, there’s a major hurdle ahead.
The $1.00 zone remains a critical resistance level. If FARTCOIN manages to reclaim this area, we could see a push toward $1.70 and beyond. However, if price fails to hold above $0.60, the entire recovery attempt could fall apart, sending it into deeper correction territory.
source: Nikola Lazic/TradingView
Short-Term Price Prediction: Are Bulls in Control?
Zooming in on the 1-hour chart, FARTCOIN appears to be forming a fresh five-wave impulse, a structure often seen at the start of an uptrend.
- The first leg (Wave i) shot up 55% from $0.40 to $0.62, confirming bullish intent.
- A pullback followed (Wave ii), but crucially, it held support at $0.61, suggesting buyers are still in control.
- Now, all eyes are on Wave iii, which could drive prices to $0.82 and possibly $0.90 if momentum holds.
If this wave structure plays out, we could see FARTCOIN reaching $1.04 in the near term. The MACD histogram has flipped into positive territory, and the RSI is sitting neutral, leaving room for further upside before hitting overbought conditions.
However, if the price breaks below $0.60, bulls could lose control, dragging FARTCOIN back toward $0.53 or even $0.46—which would invalidate the bullish outlook.
Key Levels to Watch
- Immediate Resistance: $0.82 (1.618 Fibonacci extension)
- Major Resistance: $1.05 – $1.38 (retracement zones)
- Critical Support: $0.60 – $0.53 (must hold to stay bullish)
- Breakout Target: $0.90 – $1.04 (if momentum continues)
- Downside Risk: Below $0.46, trend reversal fails
Final Thoughts: Make-or-Break Moment for FARTCOIN
The next few days could be a turning point. If bulls step in and push FARTCOIN past $1.00, we could be looking at a full-fledged recovery. But if momentum fades, another drop could be in the cards.
For now, the charts are tilting bullish—but in the world of meme coins, volatility is the only guarantee.
