FARTCOIN Tests Key Support With Bounce Likely to Confirm Bullish Outlook

Key Takeaways

• FARTCOIN is consolidating within a strong ascending channel.
• Wave 4 concluded at 0.236 Fib with an A-B-C structure.
• Wave 5 could extend toward $1.60–$1.80.

FARTCOIN has shown strong impulsive growth over the past month and is now consolidating in what appears to be a wave (iv) correction.

The 4-hour and 1-hour charts display a well-defined Elliott Wave structure within an ascending channel.

Bullish momentum may resume as the price nears support and early signs of reversal are printed.

FARTCOIN Price Analysis

The 4-hour chart shows a sustained bullish trend developing inside a well-respected ascending channel from $0.20 since March 10.

The primary Elliott Wave count suggests FARTCOIN completed wave (3) of a higher degree at $1.28 on May 1, with wave 4 underway, completing a corrective retracement.

The price is well above the key Fibonacci retracement levels: $1.02 (0.236), $0.87 (0.382), and $0.74 (0.5).

This shallow wave 4 retracement reinforces the bullish structure.

The 4-hour Relative Strength Index (RSI) has bounced near the midline, maintaining bullish market momentum without entering oversold territory.

The confluence of the channel’s lower trendline and the 0.236 Fib level supported the recent pullback, suggesting this zone is acting as a launchpad for wave 5.

The price continues to trade within a strong uptrend, and barring a breakdown below $0.87 or $0.74, the overall structure favors another leg up toward a new high above $1.28.

FARTCOIN Price Prediction

On the 1-hour chart, wave 4 unfolded as a clean A-B-C flat correction, terminating at the base of the ascending channel and slightly above the 0.236 Fibonacci retracement level at $1.02.

This support level has already sparked a small bounce, aligning with the potential start of higher degree wave 5.

RSI on the 1-hour timeframe is climbing from neutral territory, showing early signs of renewed buying pressure.

If wave (5) unfolds as expected, we can project a move to $1.60–$1.80, based on typical Fibonacci expansion targets.

Upside confirmation will require a breakout above $1.28 (the prior wave 3 high).

A failure to hold $1.02 could signal a deeper correction to $0.87 or $0.74, but the current bounce suggests that the market remains in bullish control.

A minor consolidation is expected, but a continuation above $1.14 (the swing high) would likely accelerate the price toward $1.60 and $1.80.

As the price is at key ascending support, the interaction result will dictate the future outlook, so we first need to wait and see how the price action unfolds.

In the bullish case, the ABC correction is completed, and an upturn will signal an advancement to a higher high.

But if the price breaks, we can see a deeper retracement, meaning that the correction stage hasn’t ended.

Key Levels to Watch

• Support: $1.02 (0.236 Fib), $0.87 (0.382 Fib), $0.74 (0.5 Fib).
• Resistance: $1.28 (wave (3) high), $1.40–$1.60 (wave (5) targets).
• Breakout Confirmation: Break above $1.28 with strong momentum.