FARTCOIN (FTCN) Price Analysis: Bears Are Targeting the $0.95–$0.98 Zone

FARTCOIN recently completed a five-wave bullish structure on the higher time frame, culminating in a sharp surge to a local high at $1.133.

FARTCOIN recently completed a five-wave bullish structure on the higher time frame, culminating in a sharp surge to a local high at $1.133.

Now, with bearish divergences forming on RSI and a visible symmetrical triangle on the intraday chart, the asset appears to be entering a corrective ABC phase.

This analysis delves into both macro and micro perspectives to assess the next likely move.

FARTCOIN Chart Analysis

The 4-hour chart shows a clear five-wave impulse structure, with wave (v) peaking around $1.168, slightly above the 2.0 Fib extension of the prior wave.

This move from the March lows showcased strong bullish momentum. However, the Relative Strength Index (RSI) has been diverging since the third subwave of wave (v), indicating a weakening in momentum.

Wave (iii) ended near $0.86 (1.272 Fib), followed by a shallow wave (iv) that found support at $0.747, setting the stage for a final rally in wave (v).

The overlapping nature of the subwaves in (v) suggests that the rally may have fully exhausted itself.

Currently, FARTCOIN is consolidating at a critical level—the 0.382 Fib retracement from the macro decline, which also happens to be a historical resistance zone, providing strong confluence.

This analysis focuses on the prospects of a pullback due to several factors:

No fresh highs are being printed, and there’s a lack of volume expansion, which bodes well for a potential pullback.

The local RSI also failed to break above overbought levels convincingly.

In the broader structure, this pause could be the beginning of an ABC correction toward the $0.95–$0.98 area. This zone aligns with the 1.0 Fib retracement and previous structural support.

Longs should proceed with caution if considering entries above $1.13, as a clear breakout confirmation is needed to invalidate the case for a deeper correction.

What Next For FARTCOIN

Zooming into the 1-hour chart, we can observe an (a)-(b)-(c) correction unfolding after the triangle breakout failed to extend higher.

The “b” wave bounce was capped just below the descending triangle trendline, and the current price action has commenced a decline, signaling the onset of wave (c).

The projected path of wave (c) aligns with multiple confluences:

The RSI is trending downward with lower highs, further supporting a continuation lower.

Unless FARTCOIN manages to break above $1.103 (0.236 Fib from recent drop), the path of least resistance appears to be toward $0.95–$0.98.

A completion of wave (c) in that region could mark the end of this local correction and set the stage for the next upward impulse, especially if supported by strong bounce volume.

However, if sellers manage to maintain control and push below that area, then a deeper move toward the 1.618 extension at $0.88 can’t be ruled out.

Short-term traders should keep an eye on the triangle breakdown confirmation and potential bullish divergence on RSI for a reversal sign.

For now, momentum favors bears in the short term, with a clean wave (c) still unfolding.

Alternatively, we can see that the price is consolidating in an ABCDE corrective pattern, forming a symmetrical triangle.

Key Levels to Watch