Date: Tue, July 01, 2025 | 06:30 PM GMT
The cryptocurrency market has seen a strong comeback in recent weeks, with Ethereum (ETH) rallying over 36% from its Q2 low of $1,385 to now trading near $2,425. This recovery has lifted many altcoins and memecoins — and FARTCOIN has been among the top gainers, jumping over 109% in the last 90 days.
But after such a steep rally, signs are emerging that a pullback may be near.
Rising Wedge Breakdown in Play
On the 4-hour chart, FARTCOIN had been trading inside a rising wedge pattern — a structure that often signals bearish reversal. The price followed this wedge throughout late June, respecting both the upward-sloping support and resistance trendlines.
Recently, price action rejected near the $1.11 level, which coincided with the upper boundary of the wedge. From there, momentum faded, and today FARTCOIN broke below the lower support of the wedge, suggesting a shift in trend.
What’s Next for FARTCOIN?
FARTCOIN is now testing a crucial support zone around $1.05, which lines up with the 100-period moving average. This level could be the last line of defense for bulls.
If price breaks and holds below this support, it would confirm the bearish wedge breakdown and open up the possibility of a deeper move toward $0.80 — a target calculated from the height of the wedge pattern.
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