Date: Sat, May 17, 2025 | 07:20 AM GMT
The cryptocurrency market has mounted a solid comeback in recent weeks, with Ethereum (ETH) continuing to lead the charge. ETH has surged more than 56% in the past month and is now testing the $2,500 resistance zone — a level not seen since early January. This bullish momentum is uplifting sentiment across altcoins and memecoins alike, including Fartcoin (FARTCOIN).
FARTCOIN has posted impressive monthly gains of over 28%, though it currently trades slightly lower on the day — down around 7%. However, a potential emerging technical structure could be the key to decoding Fartcoin’s next move.
Power of 3 Pattern in Play?
Zooming into the 4-hour chart, FARTCOIN seems to be forming a textbook “Power of 3” Wyckoff pattern — a structure popular in smart money concepts that unfolds in three stages: accumulation, manipulation, and distribution.
Accumulation Phase:
Between May 09 and May 16, FARTCOIN moved within a tight sideways range (highlighted in yellow), peaking at $1.47. This zone likely served as a base of operations for institutional accumulation, where smart money builds positions without triggering volatility.
Manipulation Phase:
Today, FARTCOIN sharply broke below the range, dipping to a low of $1.18. This downside spike — which approaching price near the 200-period moving average (MA) around $1.10 — likely to flushed out weak hands through stop-loss hunting. This is a classic “fake-out” move, engineered to induce panic before a trend reversal.
What’s Next for FARTCOIN?
The key now lies in whether FARTCOIN can hold this manipulation zone and reclaim levels above $1.25. If it does, the price would likely enter the final phase: distribution, where the uptrend accelerates as retail traders jump back in.
Technically, a breakout and sustained move above $1.25 could open the gates to the $1.84 target area, representing a 54% upside from current levels.
But this move may also depend on continued macro strength in the market. Ethereum’s persistent uptrend could serve as a powerful tailwind for speculative assets like FARTCOIN.
However, it’s worth noting that a breakdown below the 200 MA support zone at $1.10 could invalidate the Wyckoff accumulation pattern — shifting the outlook toward further downside pressure. Therefore, traders should monitor this level closely for confirmation or breakdown.
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