Date: Tue, July 22, 2025 | 11:20 AM GMT
The cryptocurrency market is taking a breather today after a strong multi-day rally, with Ethereum (ETH) slipping over 3.5% following a 24% gain over the last week. While most major memecoins are cooling off, Fartcoin (FARTCOIN) continues to defy the pullback, hinting at more upside potential.
FARTCOIN has climbed 5% in the last 24 hours, extending its monthly gains to 31%. More importantly, a textbook harmonic ABCD pattern is unfolding on the daily chart, signaling that the current uptrend may still have room to run.
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, FARTCOIN is shaping a Bearish ABCD harmonic pattern, which, despite its name, often points to bullish continuation during the CD leg. The pattern began in April from point A at $0.3551, rallied to point B, retraced to point C near $0.7930 in late June, and has since powered higher toward $1.62.
If this ABCD pattern plays out completely, the final leg — from point C to point D — could push the price toward the 1.50 Fibonacci extension, projecting a target near $2.08.
What’s Next for FARTCOIN?
If the bullish setup unfolds as expected, FARTCOIN could rally another 28%, reaching the Potential Reversal Zone (PRZ) at $2.08 — a level that mirrors the AB leg in length, according to harmonic theory. This zone may act as a significant resistance level, where some traders might look to secure profits.
For confirmation, FARTCOIN must continue holding above the 100-day moving average (MA), currently around $1.1692, which now serves as a critical support line. A sustained move above this MA would bolster bullish momentum and confirm the harmonic structure’s validity.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.