FartCoin at a Crossroads: Will $1.05 Support Hold After Failed $1.64 Breakout?
FartCoin bulls just got a reality check—rejection at $1.64 sends prices tumbling toward critical support.
Key Level Watch: The $1.05 zone now becomes make-or-break territory. Lose it, and we’re back to meme-coin purgatory; hold it, and there’s a shot at redemption (or at least a retest of that pesky $1.64 wall).
Market Psychology: Traders who chased the breakout now face the oldest crypto lesson—what goes up fast often comes down faster. Meanwhile, ‘HODLers’ are muttering about accumulation opportunities between sips of overpriced cold brew.
Bigger Picture: If this plays out like every other altcoin correction since 2017, we’ll either see a violent rebound or a slow bleed that tests everyone’s patience—because nothing says ‘decentralized finance’ like watching charts at 3 AM.
Closing Thought: Whether this is a healthy pullback or the start of something uglier depends entirely on whether you’re holding bags or waiting to buy them at a discount—ah, the duality of crypto.
Key technical points:
- Liquidity Grab at $1.64: Swing high taken, followed by sharp rejection and bearish engulfing candle
- Next Key Support at $1.05: Confluence of point of control, 0.618 Fibonacci, and HTF support
- Bearish Momentum Ongoing: No bottoming structure formed yet; further downside remains likely
The ongoing pullback is backed by a climactic volume node, suggesting that the recent rally may have reached exhaustion, at least for now. The rejection candle formed a bearish engulfing pattern on the daily timeframe, further strengthening the case for a short-term correction.
Technically, the market structure remains vulnerable until FARTCOIN reaches and successfully tests the $1.05 support zone. This level must hold if bulls want to establish a higher low and maintain the broader bullish structure. If price bounces from this area with volume confirmation, it could set the stage for a renewed move toward the highs.
However, if $1.05 fails to hold, then the door opens for a deeper retracement toward $0.90, or even a revisit to the previous swing low, effectively turning the current structure into a range between $0.90 and $1.64.
Until a bottoming pattern clearly forms, caution is warranted. Traders should remain patient, as chasing entries before support is confirmed increases risk in a volatile corrective environment.
What to expect in the coming price action
If FartCoin confirms a daily close below the value area high, a MOVE to $1.05 becomes highly probable. This zone must hold for bulls to regain control and form a higher low.
