A Support Zone at $0.73
The zone between $0.69 and $0.73 represents an important support conglomerate for Fartcoin, with strong liquidity, according to the Volume Profile Order Blocks. This level also corresponds to the last significant liquidity zone according to the VPFR on higher timeframes. A drop below $0.69 could force a retreat to $0.62 to $0.57.
The Fartcoin price could also bounce off the support at $0.8. However, caution is advisable when entering positions, and it’s best to wait until the price stabilizes. In the event of a bounce, Fartcoin will likely retest its liquidated trendline at $0.90, which would trigger another short-term decline.
Potential Bounce Towards $1.60
If this liquidity purge occurs and is followed by a solid return above $0.90, it could pave the way for bullish acceleration. The next major resistance would then be at $1.60, representing the upper limit of the current range.
However, the liquidity zone between $1.29 and $1.42 could also trigger a drop, as it corresponds to a “protected high” maintained by smart money. A breakout above this zone would allow for a return to a medium-term bullish trend.
For this scenario to materialize, buyers will need to intervene aggressively once the liquidity has been absorbed. Volume inflows will be essential to validate the reversal. Without them, prolonged consolidation or a breakdown to lower supports remains a risk.
Additionally, it’s wise to observe the daily RSI. A daily RSI in the oversold zone would be a good indicator for entering with a DCA strategy and accumulating FARTCOIN. For now, the risk/reward ratio is still not advantageous enough.
From a structural perspective, the market is still within its broader range. A return to previous highs is possible if support holds and a reversal pattern forms on lower timeframes.
What Should You Do with Fartcoin ?
Watch for a liquidity purge towards $0.73 followed by a recovery above $0.9. This could open the path to $1.20-1.3. Failure to hold $0.70 risks breaking the structure of the current range.
How to Buy FARTCOIN on Bitget ?
Here’s a guide to accumulate FARTCOIN in the best support zones :
- Sign up on Bitget : Create an account on Bitget using an email address or phone number, then complete KYC verification.
- Deposit funds : Fund your account with fiat (credit card, bank transfer) or cryptocurrencies like USDT or BTC.
- Access the market : In the “Spot Trading” section, select the FARTCOIN/USDT or FARTCOIN/BTC pair.
- Place an order : Choose a market order for immediate purchase or a limit order to set your price. Confirm the amount.
