FARTCOIN Price Rebounds

FARTCOIN took the crypto market by storm at the end of last year. It increased over 13,000% in less than three months, briefly becoming the 10th biggest memecoin.

Key Takeaways:

* FARTCOIN experienced a remarkable surge at the end of last year, gaining over 13,000% and briefly rising to the 10th biggest memecoin.

* However, FARTCOIN has encountered difficulties in 2025, with its price falling by more than 90%.

* This week’s price bounce has sparked optimism among traders, but the price still needs to clear several horizontal resistances to confirm its bullish trend.

* Will FARTCOIN be able to sustain its momentum, or will the rally fail? Let’s analyze the price action and find out.

FARTCOIN’s price has been moving below a descending resistance trend line since its all-time high of $2.73, reached in January. The decline led to a low of $0.19 in March.

While FARTCOIN fell below the $0.37 horizontal support area, it managed to reclaim it by forming a bullish candlestick on March 19.

Additionally, FARTCOIN broke out from the descending resistance trend line during the increase, further suggesting that its correction might be over.

Technical indicators also display a bullish bias. The Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD) are both trending upwards. The RSI is above 50, and the MACD is almost positive.

Furthermore, the indicators formed bullish divergences (orange) before the breakout, adding to its legitimacy.

Therefore, the analysis of the daily time frame suggests that the FARTCOIN price could continue rising, possibly aiming for the next resistance at $0.60.

Will the Rally Continue?

A closer look at the six-hour time frame reveals that FARTCOIN also broke out from a short-term descending wedge that began in February.

The decline is a completed five-wave downward movement (red), which might be a leading diagonal in a longer correction.

If the count is correct, then FARTCOIN has begun an A-B-C corrective structure (black) that could take it to the $0.60 resistance.

The Fartcoin price is likely nearing the top of wave A, after which a short-term decrease is expected, completing wave B.

Since the decrease is impulsive while the bounce is corrective, it suggests that FARTCOIN’s long-term trend is likely bearish.

Breaking out above $0.60 would invalidate this count, as it would lead to a more extended relief rally. Even in that case, the long-term trend would remain bearish.

The FARTCOIN price showed resilience by breaking out from a short-term pattern and reclaiming a long-term horizontal area.

However, the wave count suggests that the long-term trend is bearish. If so, the current increase is just a relief rally that could end near $0.60. Afterward, Fartcoin’s downward trend could continue.