FARTCOIN Tests Key Support At $1.05 After Breaking Bearish Wedge

FARTCOIN, a cryptocurrency with an unconventional name, has been garnering attention for its impressive chart patterns. Despite its humorous moniker, the digital asset has been demonstrating a bullish trend, characterized by higher highs and higher lows. This pattern suggests a strong upward momentum, which has caught the eye of many traders and analysts.

FARTCOIN has recently been testing key support levels, which has raised questions about whether this pattern will trigger a correction. 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.

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. On the flip side, if FARTCOIN holds above $1.05 and quickly reclaims the wedge zone, it may attempt another bounce, with $1.11 acting as the next resistance.

According to some analysts, dips into the $1.06–1.09 range are seen as buying opportunities, while the asset remains bullish as long as it stays above the $0.92–0.93 support level. This analysis indicates that the current support levels are crucial for maintaining the upward trend. The broader cryptocurrency market has also seen significant movements recently. On June 12, 2025, the market experienced a sharp correction, with Bitcoin dropping to $107,380, a decrease of 1.73%. This correction dragged down the broader market, highlighting the interconnected nature of the cryptocurrency ecosystem. However, FARTCOIN's performance during this period has been relatively resilient, further emphasizing its bullish trend.

In conclusion, FARTCOIN's impressive chart patterns and strong support levels suggest a continued bullish trend. However, the recent market correction serves as a reminder of the volatility inherent in the cryptocurrency market. Traders and investors will be closely monitoring FARTCOIN's performance as it tests key support levels, with the potential for a correction looming on the horizon.