- The price of $FARTCOIN continues to move in an uptrend and is trading above its trendline, with the bulls defending the price around the area of key breakout and support at the price of $1.30.
- Price had been compressed within the range of the resistance of $1.50 to $1.60 which means that price might start getting accumulated and continuation of the previous bullish price movement is highly likely.
- Valid breakout above the $1.60 may give way to a move up to the $2.00- $2.40 with growing amount of volumes and good technical framework.
$FARTCOIN is now priced at $1.34, showing a 4.90% increase in the past 24 hours, with trading volume hitting $223.7 million. Price action suggests a possible breakout, as bulls challenge the $1.50โ$1.60 resistance range.
Bulls Maintain Pressure Just Below Resistance
The current price structure shows that $FARTCOIN has remained in an upward trend, holding above its ascending trendline. Buyers continue to defend the $1.30 level, where demand remains visible. Despite past rejections near resistance, the coin has not lost momentum.
Kamran Asghar (@Karman_1s) posted that “$FARTCOIN is at a crucial point, challenging major resistance after a sustained uptrend!” His post reflects the technical conditions on the chart, as consolidation near resistance signals active positioning by bulls.
The asset has formed consistent higher lows in recent sessions, confirming a supportive market structure. This setup often points toward accumulation, where buyers prepare for the next breakout attempt. Price stability above $1.30 reinforces confidence among participants.
Breakout Above $1.60 Could Open Move to $2.40
A daily close above $1.60 would confirm a breakout. This would likely invite momentum traders aiming for targets between $2.00 and $2.40. The projected upside follows a visible green arrow on the chart shared by Asghar, indicating the anticipated move.
โA decisive break and close above this resistance would confirm strong bullish continuation,โ he added, emphasizing how critical this breakout is. Bulls have continued to absorb sell pressure without losing the trend, increasing the chances of follow-through.
As long as price remains near resistance, the bullish setup stays valid. Volume levels and trend support the potential for higher prices, provided buyers can close above the resistance barrier.
Failure to Hold Support Could Trigger Pullback
If the ascending trendline breaks, the bullish setup may face pressure. A move below $1.30 could lead to a retracement toward $1.20. Such a shift would signal weakness and stall short-term momentum.
Until then, price behavior suggests traders are focused on the resistance breakout. The next few sessions may prove decisive for $FARTCOINโs direction, either confirming the rally or signaling a pause.
