Fartcoin’s price has corrected into the Golden Fibonacci Pocket, marking a critical support zone between $0.80 and $0.83. We explore the possible next steps for the currency.
Golden Pocket Support
The price of Fartcoin has stalled in the range of $0.80–$0.83, aligning with the 0.618 Fibonacci level and high-time-frame support. This level is often known for reversals in market dynamics.
Factors Influencing Reversal
Clearing previous lows creates conditions for a potential reversal. The key factor here remains volume: bullish inflows are necessary to validate rising momentum and the likelihood of returning to resistance at $1.36.
Expectations for Future Price Action
If volume confirms demand at $0.80–$0.83, Fartcoin could establish a bottoming structure and rotate back toward $1.36 resistance. Conversely, a breakdown below Golden Pocket support could lead to deeper corrections.
The current price correction of Fartcoin highlights significant technical factors and creates potential opportunities for upward movement. Trading volume will be crucial in confirming this trajectory.
