FartCoin Plunges 8% Amid Relentless Selling Pressure—Will Liquidity Save the Day?

FartCoin's freefall continues as bears dominate the charts. The asset bled another 8% today—marking its third straight week in the red—while traders hunt for elusive buy-side liquidity.

No bottom in sight... yet. The coin's downward spiral mirrors the broader 'buy the rumor, sell the news' circus plaguing meme assets. Even degens seem hesitant to catch this falling knife.

Liquidity crunch or opportunity? Some chartists spy a potential reversal zone near August lows, but with trading volumes drying up, FartCoin risks becoming another cautionary tale of vaporware meets vaporized capital.

Key technical points

• Resistance Zone: $1.09 value area high.
• Support Confluence: $0.90 level with liquidity pool, VWAP SR, and 0.618 Fibonacci.
• Upside Target if Reversal Holds: $1.60 high time frame resistance.

The corrective MOVE began after price failed to gain traction above the $1.09 value area high. This rejection triggered a move back toward the $0.90 support region, reinforced by several factors: previous trading activity, the 0.618 Fibonacci retracement, and the VWAP SR. This level also sits atop a liquidity pool where many stop-loss orders are likely clustered.

Historically, price action around the VWAP SR has produced multiple dips before a true reversal. In this case, the market may see a similar move, with a slightly deeper correction into $0.90 to tap resting liquidity and trigger stop-loss orders from early long positions.

If this liquidity sweep occurs and is followed by a strong reclaim of $0.90 high time frame support, it could set the stage for an accelerated move higher. The next major upside target WOULD be the $1.60 resistance, representing the upper range boundary in the current structure.

For this scenario to play out, buyers will need to step in aggressively once liquidity is taken. Volume influxes will be key to validating the reversal. Without them, extended consolidation or a breakdown toward lower supports remains a risk.

Structurally, the market is still within its broader range. A rotation back toward the highs is possible if support holds and a bottoming pattern forms on the lower time frames.

What to expect in the coming price action

Look for a liquidity sweep into $0.90 followed by a reclaim of support. This could open the path to $1.60. Failure to hold $0.90 risks breaking the current range structure.