Fartcoin is currently consolidating between key support at $1.05 and resistance at $1.45. The present moment will determine the future price direction.
Fartcoin Trading Range
Fartcoin is forming a high time frame trading range between support at $1.05 and resistance at $1.45. Following a recent rejection from the resistance zone, the price is approaching a critical support level that could encourage further growth.
Key Support and Resistance Levels
Fartcoin's recent impulsive rally faced strong resistance around $1.45. This level coincides with the upper boundary of the range, where price was rejected, leading to a short-term correction. The key support level at $1.05 includes the point of control, the value area low, and 0.618 Fibonacci retracement, making it critical for potential growth.
Forecasts and Expectations for Future Movement
If Fartcoin maintains the $1.05 support, it may confirm the formation of a higher low, triggering a move back toward the $1.45 resistance. A breakout above this level could lead to new all-time highs. However, should the support fail, the bullish outlook needs to be reassessed.
Currently, the trading structure of Fartcoin remains bullish as long as the $1.05 support holds. Future actions will depend on whether the price can maintain this key level.
