FARTCOIN is facing a critical technical juncture as its weekly chart reveals a bearish inverse cup and handle pattern. The token’s price is testing key neckline support between $0.186 and $0.187. Analysts warn that a weekly close below this level could trigger a sharp decline toward $0.18 or lower, while a breakout above $0.20 might open a path toward $0.22.
FARTCOIN is at a crucial crossroads as weekly charts reveal an inverse cup and handle pattern, a classic bearish signal. According to crypto analyst Crypto Pulse, the price now rests on the neckline, a key support level.
Traders warn that a weekly close below this point could trigger a sharp decline, heightening risk for short-term investors. Crypto Pulse recommends caution, adopting a wait-and-see approach before taking positions.
Market watchers will closely monitor weekly closes and trading volume to determine FARTCOIN’s trajectory. The coming days are pivotal for the token’s near-term direction.
According to TradingView, FARTCOIN is experiencing downward pressure in the short term. The price fell below the 20-period EMA and is testing the lower Bollinger Band.
The recent jump to $0.22 was short-lived and failed to sustain upward momentum. The price has since traded in a narrow range between $0.19 and $0.20.
A fall through support at $0.186–$0.187 could send FARTCOIN to $0.18 or lower. A rise through the 20 and 50 EMAs could launch a short-term recovery.
The RSI (14) is near 39, reflecting diminishing strength and a short-term bearish bias. It remains above the 30 oversold line, indicating pressure not yet severe.
The MACD is located just below the zero line, with the histogram leaning slightly negative. This suggests weakening upward power and building downward pressure.
