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Fartcoin Plunges 10%—Critical Support Level Now in Play

Fartcoin Plunges 10%—Critical Support Level Now in Play

Published:
2025-05-07 17:24:09
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Fartcoin’s price just got messy, slicing through 10% of its value to test a key support zone. Traders are now sweating over charts like overcaffeinated daytraders at a crypto bro meetup.

Make or break moment: This support level held firm during March’s market tantrum—but with liquidity thinner than a DeFi project’s whitepaper, the bulls need serious conviction.

Watch the order books: If bids vanish faster than a VC’s promises during a bear market, we’re looking at another leg down. Either way, someone’s getting rekt—and the exchanges will collect their vig either way.

Key technical points

  • Critical Support at $0.91: This area marks the higher low in the ongoing macro uptrend and now acts as a key battleground.
  • Fibonacci & VWAPSR Confluence: The 0.618 Fib retracement, the VWAP support region, and a swept swing low all converge at this price.
  • Low Volume Warning: While structure remains intact, continued low volume at support raises the risk of a breakdown without buying confirmation.

Fartcoin drops 10% into major support: will this level hold or break? - 1

FartCoinUSDT (4H) Chart, Source: TradingView

Technical analysis

Fartcoin’s recent move brings it into direct contact with the $0.91 support zone, a level now holding structural importance for determining the next leg of this market cycle. This zone aligns precisely with the 0.618 Fibonacci retracement from the last impulse, as well as the VWAP support region, which reflects buyer interest from previous higher prices.

Adding to the technical weight of this level is its alignment with a recently swept swing low. That move likely triggered stop-loss orders and may serve as a liquidity grab, a common precursor to bullish reversals, if accompanied by a volume uptick. So far, however, trading volume remains light, signaling hesitancy among buyers. That needs to change quickly for the bullish case to remain valid.

If this zone is defended, the next logical target would be a rotation toward $1.29, the last swing high. But if $0.91 gives way and the support collapses, Fartcoin would break its macro higher low structure—triggering a potential trend reversal and deeper drawdown.

What to expect in the coming price action

Fartcoin’s 10% slide into stacked support is a moment of truth. A bullish reaction backed by rising volume could initiate a rebound toward $1.29. But failure here would mark a break in market structure and likely lead to further downside.

|Square

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