Fartcoin is trading within a well-defined high time frame range, with price action recently rejecting from resistance and now approaching a major confluence support zone. The coming days will determine whether a bullish higher low forms, setting up the next leg toward all-time highs.
Fartcoin (FART) is currently consolidating between major support at $1.05 and resistance at $1.45, forming a high time frame trading range. A recent rejection from resistance has led to a correction, but price is now approaching a critical support level that, if held, could set the stage for bullish continuation and an eventual breakout to new highs. The setup remains structurally bullish, as long as $1.05 support remains intact.
Key technical points
- Trading Range Defined: High time frame support at $1.05 and resistance at $1.45 are key levels containing price.
- Rejection at Value Area High: Price has recently rejected from a key resistance confluence zone.
- Critical Support Confluence at $1.05: This level aligns with the POC, value area low, and 0.618 Fibonacci retracement.
After an impulsive rally, Fartcoin encountered strong resistance around $1.45, which aligns with the value area high, a region of technical confluence that historically serves as a reversal point in range-bound markets. Price was cleanly rejected from this resistance, triggering a short-term correction back toward the lower boundary of the range.
Now, all eyes are on the $1.05 support level, which serves as a major confluence zone. It combines the point of control, the value area low, and the 0.618 Fibonacci retracement from the recent swing low to high. This triple-layered support zone is considered high-probability for a bullish reaction, and if it holds, it could mark the next higher low in Fartcoin’s developing bullish market structure.
A successful hold and bounce from this level would confirm trend continuation, with the next likely move being a rotation back toward the $1.45 resistance. A clean break above that resistance would open the door for a push into price discovery, putting new all-time highs on the table.
As long as the $1.05 level holds, the structure remains bullish, and the correction appears to be a healthy retest rather than a reversal.
What to expect in the coming price action
If Fartcoin holds the $1.05 confluence support, a higher low will likely be confirmed, triggering a move back toward the $1.45 resistance. A breakout beyond that level could lead to new all-time highs. However, if support fails, the bullish outlook would need to be re-evaluated. For now, the chart favors continued upside while $1.05 remains intact.
Source link