Fartcoin just tapped into a pivotal area after a fast drop that erased over 10% in value. The $0.91 zone now stands as a crucial test—not just because it’s a recent low, but because it aligns perfectly with key technical structures.
We’re talking about the 0.618 Fibonacci retracement drawn from the last major impulse, stacked directly with VWAP-based support from recent highs, and also overlapping a previously swept swing low. These confluences don’t appear often—and when they do, they usually set the stage for an inflection point.
From a structural standpoint, this is the macro higher low that needs to hold if Fartcoin is to maintain its bullish progression. However, one red flag is the continued decline in volume during this drop. Without notable buy-side volume stepping in, the bounce play loses credibility. On the flip side, if we see responsive demand enter here, the path toward a reversion to the $1.29 swing high opens up again.
This isn’t just a bounce-or-die moment—it’s a level where the market needs to show intent. If $0.91 fails, we shift from a structure of higher highs and higher lows into the risk of a lower low forming, potentially resetting the trend altogether.
Bias Summary:
Bullish Bias: Holding $0.91 could lead to a rebound toward $1.29 if accompanied by volume.
Bearish Bias: Failure at this level breaks macro structure and likely signals a deeper correction.
We’re talking about the 0.618 Fibonacci retracement drawn from the last major impulse, stacked directly with VWAP-based support from recent highs, and also overlapping a previously swept swing low. These confluences don’t appear often—and when they do, they usually set the stage for an inflection point.
From a structural standpoint, this is the macro higher low that needs to hold if Fartcoin is to maintain its bullish progression. However, one red flag is the continued decline in volume during this drop. Without notable buy-side volume stepping in, the bounce play loses credibility. On the flip side, if we see responsive demand enter here, the path toward a reversion to the $1.29 swing high opens up again.
This isn’t just a bounce-or-die moment—it’s a level where the market needs to show intent. If $0.91 fails, we shift from a structure of higher highs and higher lows into the risk of a lower low forming, potentially resetting the trend altogether.
Bias Summary:
Bullish Bias: Holding $0.91 could lead to a rebound toward $1.29 if accompanied by volume.
Bearish Bias: Failure at this level breaks macro structure and likely signals a deeper correction.
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Join the Free Trading Group
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.