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FARTCOIN Price Recovers From 92% Crash but Upside May Be Limited

Published 20 March 2025
Valdrin Tahiri
Authors

Key Takeaways

FARTCOIN took the crypto market by storm at the end of last year. It increased over 13,000% in less than three months, briefly becoming the 10th biggest memecoin.

However, FARTCOIN has not fared well in 2025, falling over 90%. While this week’s bounce sparked optimism, the price has to clear several horizontal resistances to confirm its bullish trend.

Will FARTCOIN maintain its momentum or will the rally fail? Let’s analyze the price action and find out.

FARTCOIN Price Rebounds

FARTCOIN’s price has fallen under a descending resistance trend line since its all-time high of $2.73, in January. The decline led to a low of $0.19, in March.

While FARTCOIN fell under the $0.37 horizontal support area, it reclaimed it by creating a bullish candlestick, on March 19.

FARTCOIN also broke out from the descending resistance trend line during the increase, suggesting its correction is over.

Fartcoin Rebound
FARTCOIN/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

Technical indicators are also bullish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are trending upward. The RSI is above 50, while the MACD is almost positive.

Additionally, the indicators generated bullish divergences before the breakout (orange), increasing its legitimacy.

So, the daily time frame suggests the FARTCOIN price will continue increasing, possibly reaching the next resistance at $0.60.

Will the Rally Continue?

The six-hour time frame shows that FARTCOIN also broke out from a short-term descending wedge existing since February.

The decline is a completed five-wave downward movement (red), likely a leading diagonal in a longer correction.

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If the count is accurate, FARTCOIN has started an A-B-C corrective structure (black) that could take it to the $0.60 resistance.

The Fartcoin price is likely nearing the top of wave A, after which a short-term decline is expected, completing wave B.

Since the decrease is impulsive while the bounce is corrective, FARTCOIN’s long-term trend is likely bearish.

Fartcoin Wave Count
FARTCOIN/USDT Six-Hour Chart | Credit: Valdrin Tahiri/TradingView

Breaking out above $0.60 will put this count at risk but not invalidate it, since that could lead to a more extended relief rally. In any case, the long-term trend would remain bearish.

Fartcoin’s Limited

The FARTCOIN price showed resilience by breaking out from a short-term pattern and reclaiming a long-term horizontal area.

However, the wave count suggests the long-term trend is bearish. If so, the current increase is just a relief rally that could end near $0.60. Afterward, Fartcoin’s downward trend could continue.

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

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.

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