Date: Wed, July 09 2025 | 10:05 AM GMT
As Q3 kicks off, the cryptocurrency market continues its impressive rally from Q2. Ethereum (ETH) is leading the charge with steady momentum, trading near $2,615 — up 6% in the last 7 days. Riding this wave, several altcoins and memecoins are looking to follow suit.
But one outlier is catching eyes for a different reason — Fartcoin (FARTCOIN) has turned red, and its chart is at a critical juncture following a bearish breakdown.
FARTCOIN Mirrors HYPE’s Breakdown Structure
When comparing the 4H charts of HYPE and FARTCOIN, a similar structure becomes visible.
Hyperliquid (HYPE) recently experienced a breakdown from what could be interpreted as either an unconfirmed falling wedge or a rising wedge pattern. After the breakdown, HYPE found support at its 100-period moving average (100 MA), where it managed a short-term bounce — highlighted in the circled area on the chart.
Now, FARTCOIN seems to be tracing a nearly identical setup.
FARTCOIN too has broken down from a similar wedge structure, and has now landed near its 100 MA support — the same point from which HYPE previously bounced. This similarity raises the possibility of a near-term relief rally, especially if price holds this level.
What’s Next for FARTCOIN?
If FARTCOIN continues to mimic HYPE’s movement, we could see a bounce from this support zone toward the wedge’s resistance trendline around $1.15 — or possibly even a retest of the upper area of the previous rising wedge.
However, a breakdown below the $1.00 support would invalidate this bullish fractal idea and likely confirm continued weakness. In that scenario, FARTCOIN could slide further down into the broader falling wedge, with downside targets near $0.95 and $0.93 — both historically tested support zones.
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