Fartcoin (FART) Takes a 20% Dip After Uptrend but Bulls Could Be Ready for a Comeback

Key Takeaways

• FART is in wave (iv) of a 5-wave impulse.
• Support sits at $0.747 with bullish reversal potential.
• $0.985–$1.133 is the likely final wave v zone.

Since early March, Fartcoin has been trading within a well-structured impulsive Elliott Wave count.

The price action on the 4-hour and 1-hour charts reveals a near-completed 5-wave structure, currently pulling back in a potential wave 4 correction.

With Fibonacci confluences aligning across multiple degrees and bullish divergences appearing, FARTCOIN could set the stage for its final upward impulse.

FART Price Analysis

The 4-hour chart reveals a textbook five-wave advance from the March 11 low of $0.20, with wave (iv) forming a corrective base around $0.36 before launching into a strong wave (v).

The substructure of this final wave has developed into another five-wave sequence.

It is currently in its fourth sub-wave correction, retesting the $0.74 level, which has fallen by 21% since its recent high.

Wave (iii) peaked near $0.98, aligning with the 1.618 Fibonacci extensions as projected in our previous analysis. However, this was projected as the target for the end of the five-wave move.

The retracement of wave iv currently hovers around the 1.0 Fib extension of wave i–iii ($0.747), which is also a high-probability pivot zone.

The Relative Strength Index (RSI) is resetting to neutral levels, indicating that price is cooling off before potentially entering a final wave (v).

A breakdown below $0.664 (0.786 Fib) would invalidate the bullish setup and risk a broader correction toward the 0.618–0.5 zone.

FARTCOIN remains bullish above $0.66, with continuation targets in the $0.98–$1.13 region.

FART Price Prediction

Zooming into the 1-hour chart, FART is completing a smaller-degree wave (iv) pullback within the larger impulsive structure.

The correction has landed precisely at the 1.0 Fibonacci extension ($0.74735) and shows early signs of rebound.

This area is also near the top of the prior breakout zone, increasing the odds of a successful wave (v) extension.

If this support holds, the upside targets for wave (v) are $0.852 (1.272 Fib extension), $0.985 (1.618 Fib extension), and $1.133 (2.0 Fib extension).

These zones are ideal candidates for local tops if volume confirms the move. On the 1-hour chart, RSI attempts to recover from near-oversold territory, aligning with the bounce narrative.

Should the price dip below $0.664, it would signal a potential breakdown from the impulsive structure, likely invalidating wave (iv) and turning it into a more complex correction.

Assuming the bullish count holds, the price could rally another 20–40% from current levels before facing major resistance.

Key Levels to Watch

• Major Support: $0.747 (1.0 Fib of wave iii–iv),  $0.664 (0.786 Fib, invalidation level).
• Immediate Resistance: $0.852 (1.272 Fib extension), $0.985 (1.618 extension, target for wave v).
• Breakout Confirmation: Close above $0.852 with momentum and volume.
• Invalidation Level: Sustained move below $0.664 ends impulsive count.
• Fractal Watch Zone: $0.985–$1.133 (projected completion of wave v).