Can Fartcoin Reach a New All-Time High? | Credit: Hameem Sarwar
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Key Takeaways
Fartcoin reached the highest price in 182 days today.
FARTCOIN has a fractal with PENGU that predicts significant gains.
Can FARTCOIN begin a rally that takes it to a new all-time high?
Memecoins are back on the move, and FARTCOIN might be next in line.
One of the earliest memecoins to see a strong pump this cycle, FARTCOIN, has mostly been quiet since peaking in May.
However, with a fresh breakout and a promising fractal pattern mirroring PENGU’s recent rally, momentum may be building again.
Let’s take a closer look at the charts to see if FARTCOIN is gearing up for another moonshot.
Fartcoin Price Analysis
FARTCOIN was among the first memecoins to take off earlier this year, kicking off a strong rally in March that peaked at $1.65 in May.
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After cooling off for over a month, the trend shifted again on June 22.
What started as a slow recovery picked up pace in July, especially after FARTCOIN broke out above a key descending trend line and the $1.49 resistance level, a critical zone that also aligns with the 0.5 Fibonacci retracement level.
That breakout has now pushed FARTCOIN to $1.69, its highest price since January.
The rally isn’t just visible on the charts; momentum indicators are backing it too.
Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are trending upward and recently crossed into bullish territory, adding confidence to the breakout.
With strong technicals and renewed momentum, the FARTCOIN price outlook remains bullish, with the potential for new highs on the horizon.
Fartcoin All-Time High?
Fartcoin’s wave count suggests a new all-time high is likely.
According to the count, FARTCOIN completed a five-wave increase (green) and an A-B-C correction (red) since March.
Then, the memecoin began another five-wave increase that is still ongoing.
There are two possible targets for the new high, at $2.25 and $3.13, respectively.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
