Fartcoin and SPX Form Bullish Patterns — Is a Memecoin Comeback Starting?

Memecoins may be making a comeback.

After months of underperformance, Fartcoin and SPX are flashing early bullish signals, drawing renewed attention from speculative traders.

A key breakout retest for Fartcoin and a classic double bottom setup for SPX suggest that downside momentum could be fading.

With sentiment still cautious but technical structures improving, traders are now asking the same question: is this the start of a memecoin comeback, or just another short-lived bounce?

Fartcoin Price Retest Resistance

The daily time frame price analysis shows that Fartcoin broke out from a diagonal resistance trendline on November 26.

The breakout was critical, as it halted a downward trend that had been ongoing since July 2022.

Even though the Fartcoin price could not sustain the momentum, today’s bounce is promising (green icon).

Besides the positive price action, the bounce bodes well for the Moving Average Convergence/Divergence (MACD).

The indicator also bounced at 0 and validated a long-term ascending support trend line.

While the Fartcoin price does not close below the resistance trend line, the trend remains bullish.

The closest resistance area is at $0.40, giving a 45% upside for the Fartcoin price.

SPX Price Creates Bullish Pattern

Unlike Fartcoin, the SPX price is still trending downward.

However, it recently created a bullish pattern.

In November and December, the SPX price created a bullish double-bottom pattern.

The pattern is also accompanied by bullish divergences in the Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD).

If it plays out, the SPX price could increase by roughly 55% and hit the $0.73 horizontal resistance area.

Here’s What’s Next

The Fartcoin and SPX memecoins are approaching critical moments that could define their next significant move.

Fartcoin’s ability to hold above its former resistance keeps its bullish structure intact, while SPX’s double bottom and bullish divergences hint at a possible trend reversal if momentum follows through.

Still, both remain speculative plays, and confirmation is key.

If these patterns hold and broader market conditions stabilize, memecoins could once again capture the market’s attention.

About the Author

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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