Date: Tue, April 15, 2025 | 06:56 AM GMT
In the cryptocurrency market, after facing a heavy drop of over 90% from its January peak of $2.74 to test a low of $0.20 on March 10, FARTCOIN has managed to stage an impressive recovery rally by surging over 162% in the last 30 days. The weekly gains come with a strong bullish breakout, and the token is now trading around the $0.90 level.
Symmetrical Triangle Formation
Zooming into the daily chart, FARTCOIN previously broke out of a classic Cup and Handle pattern, clearing the $0.64 neckline resistance with strong bullish momentum. This move also saw the price climb above the 100-day moving average, signaling a structural trend shift and sparking a near 38% surge.
Now, price action is compressing into a symmetrical triangle, a common continuation pattern. This triangle formation is often seen when the market takes a breather before the next leg — either upward or downward.
Currently, FARTCOIN is trading inside the triangle range, making higher lows and lower highs, coiling up beneath the descending resistance trendline.
What’s Next for FARTCOIN?
From here, the market is watching closely for a breakout. If FARTCOIN can break above the upper resistance trendline of this triangle, it could trigger another wave upward. The next key resistance targets lie at $1.15 and $1.30, representing potential gains of 28% to 43% from the current levels.
In the case of a breakdown, price may retest lower support, with the 100-day MA near $0.65 acting as the first key defense level.
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