The cryptocurrency FARTCOIN shows activity as it approaches a significant price mark, signaling a potential breakout.
Resistance Test
FARTCOIN is moving toward a key price range between $1.60 and $1.63. This level aligns with the top of a Cup and Handle pattern on the daily chart, formed over the past few months. If this level holds, it could lead to movement toward $2.17, approximately 36% above the current zone. The price has stayed above a rising trendline since May, indicating support and gains with each pullback.
Rising Volume and Futures Activity
At the time of publication, FARTCOIN was trading at $1.65, up 8% in the last 24 hours and over 32% in the past week. Trading volume is rising sharply, reaching $4.4 billion, a more than 77% increase in one day. Meanwhile, futures open interest climbed to $1.06 billion, indicating rising interest from traders.
Trendline Support Sets Up Breakout
Analyst Professor Moriarty shared a chart showing repeated support at the rising trendline. The asset is now testing the top of the pattern. If it holds above $1.63, a move toward $2.70 could follow, based on past trend movements. If the meme coin holds and volume stays strong, it may confirm the breakout.
FARTCOIN enters a crucial phase where trend support and trading volume may significantly influence future price movements.
