FARTCOIN Takes a Breather—But Bulls Aren’t Backing Down

A temporary pullback? Sure. A loss of momentum? Hardly. FARTCOIN’s recent dip feels more like a pit stop than a crash—traders are still betting big on the next leg up.

Why the confidence? Market structure hints at accumulation, not distribution. Whales aren’t fleeing—they’re reloading. And let’s be real: in crypto, even ’corrections’ smell like opportunity (and maybe a little desperation).

Meanwhile, traditional finance folks clutch their spreadsheets—because who needs fundamentals when you’ve got memes and momentum?

FARTCOIN is likely to defend $1.33 as support

Source: FARTCOIN/USDT on TradingView

FARTCOIN has been trading within an ascending channel since early April. Highlighted in purple, this channel’s extremes have been tested multiple times in the past two months. Each time, they were respected.

During the rally, the OBV has also been in a steady uptrend, signifying strong demand. The Awesome Oscillator did not reach the December-January extremes.

Since the price oscillated within the channel, the Awesome Oscillator had time to reset.

The AO has made slightly lower highs since the final week of April, a clue of weakening momentum.

Source: FARTCOIN/USDT on TradingView

The 4-hour chart highlighted a lack of selling pressure in the past two days. Even though the token saw a rejection at $1.6 and a subsequent 14% price drop, the selling volume was well below average.

The OBV barely slid lower, though the AO made a bearish crossover below the zero line. This momentum shift signaled a potential dip to the channel lows at $1.3. Traders looking to go long can bid Fartcoin at these levels.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion