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Cryptocurrency News Articles
Fartcoin (FRT) is currently trading in the $1.27–$1.28 range
May 15, 2025 at 08:13 pm
Fartcoin is currently trading in the $1.27–$1.28 range, showing signs of short-term weakness but still holding above a critical support structure
Fartcoin (PART) has encountered resistance in the $1.45–$1.50 zone, resulting in a measured pullback. However, the asset is still holding above a critical support structure that has been respected in higher timeframes. This suggests that the overall trend remains constructive as long as buyers maintain control.
On the 4-hour chart, we can observe that the price is approaching the lower Bollinger Band, where wicks have already rejected breakdowns, implying strong support at these levels.
Fartcoin price dynamics (April 2025 - May 2025) Source: TradingView.
Key trend and resistance levels to watch
On the daily chart, Fartcoin continues to respect an ascending channel that has been active since early April. The lower boundary of this channel now aligns with the $1.22–$1.25 support zone, making this region crucial for maintaining the bullish trend. A breakdown below this area could accelerate selling pressure toward the next support near $1.10.
However, a successful defense of this support zone could set the stage for another attempt to push higher, targeting the $1.36 and $1.42 resistance levels.
The 30-minute chart shows a descending trendline from the recent $1.45 swing high, and price is currently struggling to reclaim this structure. The red supply zone continues to cap upside movements, and the Relative Strength Index (RSI) on this timeframe has dropped to 40, indicating mild bearish momentum but not yet oversold conditions.
Meanwhile, MACD is showing early signs of a potential bullish crossover, as the histogram turns less negative and the signal lines begin to converge. A break above this trendline could signal the resumption of bullish momentum.
Short-term outlook and key support levels
Fartcoin is currently testing the critical support zone between $1.24 and $1.20. As long as the price holds above this zone, the medium-term bullish outlook remains intact. A breakdown from this region could signal a short-term trend reversal, while a recovery above $1.32 would open the path for a potential recovery toward the $1.38–$1.45 resistance range.
Traders are advised to monitor the $1.24–$1.20 support region closely for potential entries, with tight invalidation zones below $1.20. The broader trend remains supportive for a recovery leg, provided that buyers maintain control in the near term.
As previously discussed, the overall trend structure remains bullish as long as Fartcoin stays above the $1.20–$1.25 support zone. Any failure to hold this region could introduce downward pressure, but a successful defense could push the price back toward the upper trendline near $1.45.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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