Fartcoin has reached a critical inflection point following the completion of a potential Elliott Wave structure. Recent price movements suggest a shift in market dynamics, prompting traders to monitor closely for signs of a larger corrective phase. This transition could play a key role in shaping the next major trend for the cryptocurrency.

Technical Breakdown of Fartcoin’s Price Action

Fartcoin is currently facing a significant resistance zone between the $1.15 and $1.30 levels. This area aligns with the end of a bullish five-wave Elliott Wave structure and the potential start of a larger wave D in an ABCD corrective phase. The market appears to be experiencing exhaustion after an extended rally, which could lead to a shift from impulsive to corrective behavior.

Key Technical Points to Note

  • Classic Elliott Wave Formation: Fartcoin has completed a textbook five-wave bullish Elliott Wave pattern.
  • Resistance Zone: The $1.15–$1.30 region has become a bearish order block, with no sustained candle closures above this range.
  • Potential Macro Correction: A larger ABCD corrective phase may be forming, suggesting a downtrend could follow.

Analyzing Fartcoin’s Elliott Wave Structure

The recent uptrend in Fartcoin’s price exhibits a clear five-wave Elliott Wave formation, with each subwave distinctly identifiable. According to Elliott Wave Theory, markets typically enter a corrective phase after completing such impulsive structures. These corrections often take the form of ABC or more complex ABCD patterns.

Fartcoin’s rejection near $1.15, coupled with repeated failures to close above $1.30, highlights strong selling pressure and bearish sentiment at these levels. The $1.30 resistance has now formed a bearish order block on the daily chart, reinforcing this view. Historically, this area has acted as a zone of aggressive selling, and the lack of follow-through buying momentum further indicates weakened bullish strength.

Potential Macro ABCD Correction

On a broader timeframe, Fartcoin appears to be initiating a macro ABCD corrective phase. If this scenario unfolds, it could take weeks or even months to fully develop. Such a correction may lead to a retest of previous lows or the formation of new ones.

“According to Elliott Wave Theory, after five impulsive waves, a market typically transitions into a corrective phase before resuming its trend or consolidating further.”

This aligns with current price action, as the market seems to be shifting from an impulsive rally to a corrective structure. Traders should watch for confirmation of this pattern to better anticipate Fartcoin’s next moves.

Forecast for Fartcoin’s Price Movement

Based on technical analysis, Fartcoin is likely entering a period of reassessment. A decisive move below the $1.15–$1.30 resistance zone would confirm a macro lower high, signaling the start of a deeper retracement. Conversely, a strong breakout above $1.30 with significant volume would invalidate the bearish outlook and potentially trigger a new bullish phase.

Key Levels to Watch

  • Support Range: If bearish momentum prevails, the $0.90–$1.00 support range could serve as the first target for traders.
  • Further Downside: A continued downtrend may result in a revisit of previous swing lows or the formation of new ones.

For now, traders should remain cautious and monitor price action closely. The market’s response at key levels will likely determine the next significant trend for Fartcoin.

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