Date: Mon, Aug 18, 2025 | 07:10 AM GMT
The cryptocurrency market is seeing sharp downside pressure as Ethereum (ETH) pulls back 4% on the day, sliding to $4,250 from its recent high of $4,780. This market weakness has weighed on memecoins, with Fartcoin (FARTCOIN) among the notable decliners.
FARTCOIN dropped more than 3% today and has posted a 14% loss over the past week, bringing it to a key support area that could dictate its next big move.
Testing Key Support
On the daily chart, FARTCOIN has retraced sharply from its $1.69 range high. The correction has now dragged the price back toward the range low and the 200-day moving average, both clustered around $0.8950. This confluence zone is proving to be a critical support level.
At present, FARTCOIN is showing early signs of resilience around this level. The structure even hints at a possible “Power of 3” formation — a setup often associated with accumulation before a larger price swing. However, confirmation is still lacking.
What’s Next for FARTCOIN?
If buyers successfully defend the $0.8959 support zone, a bounce toward $1.10 could serve as early confirmation of strength. Clearing that barrier would increase the likelihood of a retest of the $1.53 range high.
In a bearish scenario, however, a decisive breakdown below $0.8959 would strengthen the case for a deeper correction. This could validate the potential manipulation phase of the Power of 3 setup, with the next major support lying near $0.78, where buyers may step in again.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
