FARTCOIN Forms Bull Flag After 18% Decline as Bulls Aim to Keep Memecoin Above $1

Key Takeaways

• Following an 18% drop, FARTCOIN shows signs of a rebound as selling pressure fades.
• The daily chart reveals a bull flag formation after FARTCOIN’s rally to $1.55 on June 11.
• The NVT Signal has declined, indicating rising transaction volume and a bullish sign.

After enduring an 18% decline over the past week, Fartcoin (FARTCOIN) bulls appear ready to reverse the trend. In the final week of May, the Solana-based memecoin formed a bullish structure, hinting at a run toward $2.

However, the rally stalled near $1.55, where strong resistance triggered a rejection. Now, with selling pressure showing signs of exhaustion, FARTCOIN’s price action suggests the decline may be bottoming out, potentially setting the stage for a possible rebound.

FARTCOIN Holds the Line

On the daily chart, CCN observed the emergence of a bull flag pattern. The setup began with a strong upward move, culminating in a surge to $1.55 on June 11.

Following that rally, FARTCOIN’s price entered a corrective phase, sliding into a falling channel. This consolidation structure, joined with the previous uptrend, formed the bull flag.

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Amid this technical structure, the Chaikin Money Flow (CMF) has climbed above the zero signal line again, increasing to 0.03.

This increase indicates that FARTCOIN bulls are ready to keep the price from sliding below $1. If sustained, the meme coin could exit the corrective phase and bounce from its current level.

If confirmed, the bull flag breakout could see FARTCOIN’s price establish support around $1.03, strengthening the case for a bullish reversal. From there, the token may retest upper resistance near $1.39.

From an on-chain standpoint, the Network Value to Transactions (NVT) signal supports the bullish outlook.

This variant uses a 90-day moving average of daily transaction volume in the denominator, providing a more reliable view of network activity relative to market value.

A rising NVT signal suggests bearish conditions, as market cap growth outpaces network usage.

However, in this case, FARTCOIN’s NVT signal has declined, indicating that transaction volume is accelerating faster than market cap growth.

This is bullish for the memecoin, reflecting increased utility and organic demand. Should the trend continue, FARTCOIN’s price might bounce off its recent lows.

FARTCOIN Price Prediction: Memecoin Won’t Break

Complementing the signals from the daily chart, FARTCOIN’s 4-hour chart also suggests the potential for a rebound.

As the price drifted lower in recent sessions, the Average Directional Index (ADX) failed to rise above 25 — a sign that the downtrend lacks firm conviction.

At the same time, the Relative Strength Index (RSI), which was previously oversold, is now rising.

If this trend continues, FARTCOIN’s price will likely exceed the critical $1.03 support. In that case, the meme coin could climb toward the 0.618 golden ratio at $1.16 and potentially extend its rally to $1.35.

However, if bulls fail to defend the current support zone, FARTCOIN’s price may slide toward $0.86.