Date: Fri, June 27, 2025 | 09:20 AM GMT
The cryptocurrency market is showing strong signs of recovery as tensions between Israel and Iran ease. Ethereum (ETH) has rebounded sharply, jumping from its recent low of $2,113 to climb above the $2,450 level.
Among memecoins, Fartcoin (FARTCOIN) is currently trading in the green, posting a noticeable 5% daily jump. But according to the technical chart, this might just be the beginning. A combination of bullish patterns suggests that more upside could be on the way.
Patterns Signaling Potential Upside Continuation
On the 4-hour chart, FARTCOIN recently broke out of a falling wedge — a pattern often associated with trend reversals — and successfully retested the breakout zone. Alongside this breakout, a Bearish Bat harmonic pattern is currently unfolding, hinting at a potential push higher as the CD leg develops.
The pattern began from the X point around $1.32, where price faced rejection. It then fell to $0.9356, forming point C, and is now rebounding from that level. With FARTCOIN currently hovering around $1.01, the token is trading just below its 100-day moving average (MA), which sits at $1.09 — a critical level to watch.
If the harmonic pattern plays out fully, the price could rally toward the Potential Reversal Zone (PRZ) between $1.26 and $1.32. These targets align with key Fibonacci extensions — 0.886 and 1.0 — typically marking the completion area for a Bat pattern.
What’s Next for FARTCOIN?
If the current price action maintains bullish momentum and breaks above the 100-day MA, it would be a strong confirmation of trend continuation. From current levels, this would mean a possible rally of over 30%, with the $1.32 level acting as the next significant resistance and the final harmonic target.
However, caution is advised. If the price failed to hold $0.9356, a short-term consolidation or pullback could occur before any sustained move.
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