Date: Mon, April 07, 2025 | 05:59 PM GMT
The cryptocurrency market today has faced the heaviest drop of this year due to the ongoing tariffs war initiated by Donald Trump, which also triggered a major decline across global stock markets.
However, interestingly, the memecoin FARTCOIN has managed to stay in the green with impressive gains of 18% today and has delivered a massive 105% rally over the last 30 days, narrowing its 90-day correction to 57%.
Cup and Handle Pattern Signals Possible Breakout
A look at the daily chart shows FARTCOIN forming a textbook Cup and Handle pattern—a bullish technical structure that often signals the continuation of an upward trend.
After previously getting rejected at the neckline near $0.63 on March 26, the coin pulled back to its critical support zone at $0.35, where the 50-day moving average (marked in red) helped provide solid footing. Since then, FARTCOIN has bounced back strongly, currently trading at $0.51, shaping the “handle” portion of the pattern.
This pattern typically points to a bullish breakout if price action follows through. The immediate target is a retest of the $0.63 neckline, representing a potential 25% upside from current levels. Should the coin break out above this resistance—and surpass the 100-day moving average at $0.68—FARTCOIN could ignite a major rebound toward the next resistance near $0.90, which would mark a 75% gain from today’s price.
Final Thoughts
While the broader market bleeds, FARTCOIN is showing real strength backed by a solid technical pattern and growing momentum. Traders should keep a close eye on the $0.63 neckline—a breakout here could mark the beginning of a major trend shift.
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