The cryptocurrency market is showing signs of recovery following U.S. President Donald Trump's surprising announcement of a 90-day pause on tariffs, sparking optimism.
Crypto Market Back in Rally Mode
After Trump's tariff pause announcement, Bitcoin (BTC) jumped 7% and Ethereum (ETH) surged 12% in just a few hours. These changes reflect a resurgence in the crypto market, which is once again drawing investor attention.
Cup and Handle Breakout
Fartcoin has successfully broken out of a textbook Cup and Handle pattern, indicating a potential bullish movement. After initially rejecting resistance at $0.64, the token consolidated and formed the 'handle'. The key support level at $0.35 held strong.
What’s Next for Fartcoin?
There are currently two possible scenarios for Fartcoin: a retest of the breakout level (~$0.64) as new support or a momentum push aiming at resistance zones of $0.90 and $1.15, potentially leading to a 78% increase.
The overall positive trend in the cryptocurrency market, supported by macroeconomic factors, may signal continued growth for Fartcoin.
