The price of Fartcoin has shown significant growth by overcoming key resistances. This creates the groundwork for further price increases.
Current State of Fartcoin
After bottoming out at $0.80 on June 22, Fartcoin's price has initiated an upward trend, recovering over 50% from its May peak. Recently, prices rose by over 12% in a day, reaching around $1.69 before slightly pulling back to $1.60.
Chart Analysis and Technical Levels
The breakout on July 22 shows prices reaching levels not seen since late May. The price breached the $1.54 resistance level, confirming a double bottom pattern. Support is identified in the $1.52–$1.54 range and $1.30–$1.32, indicating solid barriers against possible corrections.
Future Growth Prospects
With current price indications, movement toward the target level of $2.28, based on the height of the double bottom pattern, appears promising. However, the Relative Strength Index (RSI) at 69 indicates a potential pullback before further upward movement.
Overall, Fartcoin exhibits signs of recovery and may continue its goal toward historical highs. Attention is focused on support levels and the possibility of corrections along the way to further growth.
