FARTCOIN Primed for Takeoff? Critical Resistance Breached as $2.70 Target Looms
FARTCOIN just punched through a key technical level—now traders are eyeing a swift march toward $2.70.
Breakout or bull trap? The chart doesn't lie (though crypto Twitter might). After weeks of consolidation, FARTCOIN sliced through resistance like a hot knife through institutional-grade FUD. Volume spiked 40% on the move—real money or just another algo pump? We'll know by whether the 'hold' brigade shows up now.
Target locked: $2.70 or bust
The 4-hour chart paints a clean narrative: higher lows since June, RSI cooling off from overbought territory, and now this decisive flip. Textbook stuff—if crypto ever followed textbooks. Next stop sits at $2.70, last month's swing high. Beyond that? Let's not get ahead of ourselves—this is crypto, where 'fundamentals' mean which influencer's cat tweeted a moon meme.
Meanwhile in TradFi land...
Wall Street's still debating whether blockchain is a database or a Harry Potter spell. Meanwhile, degens are busy printing life-changing money on tokens named after bodily functions. The irony's thicker than a bank's compliance manual.
FARTCOIN's moment? Maybe. Just remember—in a market where 'utility' means surviving the next 24 hours without a -50% wick, technicals are the closest thing we've got to fundamentals.
Resistance Test Nears Breakout Point
Fartcoin (FARTCOIN) is pushing through a key price range between $1.60 and $1.63. This level lines up with the top of a Cup and Handle pattern on the daily chart. The setup has formed over the past few months, and the price is now attempting to break out.
If this level holds, the pattern points to a MOVE toward $2.17, which is around 36% above the current zone. The price has stayed above a rising trendline since May, with each pullback finding support and bouncing higher.
On the technical side, the Directional Movement Index shows a bullish setup. The DI+ line has moved above DI-, while the ADX is starting to pick up. That combination points to a trend gaining strength rather than fading.
Volume and Futures Activity Rising
FARTCOIN was trading at $1.65 at press time, up 8% in the last 24 hours and over 32% in the past week. Trading volume is rising fast, reaching $4.4 billion, up more than 77% in one day. At the same time, futures open interest climbed to $1.06 billion, a 7.4% increase.
Meanwhile, this jump in open interest shows more traders are entering the market. Since mid-June, both price and open interest have been trending upward together. That often signals new positions building during a strong move.
Trendline Support Sets Up Breakout
Analyst Professor Moriarty shared a chart showing repeated support at the rising trendline. The asset is now testing the top of the pattern. If it holds above $1.63, a move toward $2.70 could follow, based on past trend moves.
In fact, if the meme coin holds and volume stays strong, it may confirm the breakout. A short pullback to $1.60 that holds could also give another entry point.
