FARTCOIN flashes bullish signals after a brutal collapse | Credit: Hameem Sarwar
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Key Takeaways
After months of red candles, FARTCOIN is breaking above a falling wedge pattern.
The BBP is in the positive zone, while the MACD is nearing a bullish crossover.
Failure to sustain momentum could send the token back to $0.68 or below $0.50.
The collapse has been brutal. FARTCOIN, once boasting a market cap near $3 billion, has crashed 68% from its peak.
Yet, after months of relentless red candles, the memecoin is finally flashing green, sparking talk of a potential buying opportunity.
The real question now: can FARTCOIN’s price hold this reversal, or is this another dead-cat bounce? In this analysis, we break down the possibilities.
FARTCOIN Crash Finally Over
The last time FARTCOIN’s price enjoyed a sustained uptrend was in mid-August, when the token printed consecutive green candles on the 4-hour chart, climbing from $0.85 to $1.15 between August 12 and 14.
But the momentum didn’t last. In early September, FARTCOIN crashed to $0.72.
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However, the token has broken above the falling trendline of a wedge pattern, hinting at a potential reversal.
A closer look at the 4-hour chart shows the Bull Bear Power (BBP) has been key to this move. At press time, the BBP sits firmly in positive territory, signaling that buyers are regaining control.
At press time, FARTCOIN trades at $0.80. The cryptocurrency seems ready to breach the resistance at $0.86 while aiming for the upper-level target at $1.02.
On the daily chart, FARTCOIN has now printed two straight green candles, offering its first real sign of strength in weeks.
At the same time, the MACD is on the verge of crossing above the zero line, which would signal a shift in momentum toward the bulls.
Adding to this setup, the 12 EMA (blue) on the MACD is about to cross above the 26 EMA (orange).
The shorter EMA sat below the longer one for weeks, reinforcing bearish control. But now, the 12 EMA is flirting with a bullish crossover, which could confirm a trend reversal if sustained.
Should this remain the same, FARTCOIN’s price could break above the resistance. If that happens, the next target for the memecoin could be $1.07.
If the broader market condition improves, this target could be higher. In such a scenario, the cryptocurrency’s value could rise to $1.30 at the 0.618 golden ratio.
On the contrary, this prediction might not happen if selling pressure rises. If that were to happen, FARTCOIN might not see a breakout above the resistance line.
If that were to happen, the memecoin might slide to $0.68. In a highly bullish market condition, its market value might sink below $0.50.
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.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
