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Fartcoin price runs out of gas: is a reversal possible?

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9 hour ago

Fartcoin price runs out of gas: is a reversal possible?

Fartcoin price has corrected into the Golden Fibonacci Pocket around $0.80–$0.83, a high confluence support zone. If defended, this level could spark a reversal toward the $1.36 high time frame resistance. Summary Golden Pocket Support: Price stalled at $0.80–$0.83, aligning with 0.618 Fibonacci and HTF support. Liquidity Swept: Prior lows cleared, setting conditions for reversal. Volume Key: Bullish inflows needed to sustain a rotation toward $1.36. After losing resistance at $1.36, Fartcoin (Fartcoin) has undergone a sharp correction, retracing into a critical support cluster. The $0.80–$0.83 region now marks the Golden Pocket Fibonacci retracement zone, a level historically known for reversals. With liquidity already swept beneath prior lows and price stalling within this pocket, the setup suggests the potential for a bullish reaction. However, volume confirmation remains key to validating a sustained reversal. Key Fartcoin price technical points Golden Pocket Support: The 0.618–0.65 Fibonacci retracement aligns with $0.80 high time frame support. Liquidity Cleared: Price has swept prior lows within the $0.83–$1.36 range, generating conditions for reversal. Volume is Crucial: Bullish inflows are needed to confirm demand and initiate a rally back toward $1.36. You might also like: Polymarket taps Trump Jr for advisory board as it eyes U.S comeback FartCoin/USDT (1D) Chart, Source: TradingView The correction into the Golden Pocket has created a significant technical opportunity for Fartcoin. The 0.618 Fibonacci ratio is widely regarded as a critical support zone, where aggressive sell-offs often slow and reversals begin. In this case, its alignment with the $0.80 high time frame support enhances the strength of this level. Price has already stalled here, with multiple wicks below obvious lows, suggesting liquidity has been taken and absorbed. From a market structure perspective, the correction followed a clean rejection at $1.36, the high time frame resistance that capped the previous rally. While the retracement appears steep, the structure of sweeping liquidity and stabilizing at a Golden Pocket is consistent with healthy corrective behavior. As long as the $0.80–$0.83 support holds on a closing basis, the higher-low projection remains viable, keeping the bullish framework intact. You might also like: Here’s why Bitcoin price is crashing below $110k The next key factor is volume. Despite price stalling at the Golden Pocket, the absence of strong bullish inflows has delayed any immediate reversal. For a sustained move higher, traders will need to see an uptick in demand, with rising volume confirming that accumulation is taking place. Once bullish influxes emerge, the probability of a rotation back toward $1.36 increases significantly. Without this validation, consolidation may persist in the lower half of the trading range. What to expect in the coming price action If volume confirms demand at $0.80–$0.83, Fartcoin could establish a bottoming structure and rotate back toward $1.36 resistance. However, a breakdown below Golden Pocket support would invalidate the bullish reversal setup and open the door to deeper corrections. Read more: Crypto presale funding news: OZAK AI raises $2,400,000

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