FartCoin Rebuound!!!
The crypto world is having a tough time lately. Things are going down because of the problems between Israel and Iran.
For example, Ethereum (ETH) has lost more than 8% in the last three days and is now around $2,530. This is making other smaller coins and meme coins like Fartcoin (FARTCOIN) go down too.
FARTCOIN is down over 2% today. But there might be a chance it could go up. A special pattern on its chart is showing that it might bounce back.
Source: Coinmarketcap
A pattern called a "Bearish Bat" is showing up on the 1-hour chart for FARTCOIN. This pattern usually means the price could go up. It will probably go up until it gets to a certain area called the "Potential Reversal Zone" (PRZ). These PRZs are based on Fibonacci extensions, offering high-probability turning points in price action.
FARTCOIN 1H Chart/Coinsprobe (Source: Tradingview)
FARTCOIN is now getting close to finishing this pattern. If it does, the price could go up to the PRZ, which is between $1.87 and $1.90.
These patterns don't always work, but they can help predict what might happen, especially when there's a lot of buying or selling happening.
What's next for FARTCOIN?
The next few times the market is open will be important. If FARTCOIN keeps going up towards $1.53, it will prove the pattern is correct. This could get more traders interested.
But when the price gets to the PRZ, it might go down a little or people might sell to make money, especially if the market is still shaky. But, the pattern suggests the price will go up before it goes down.
Overall, FARTCOIN's chart is showing it might go up, because of the pattern. Even though the problems in the world could change things, it looks good for now, especially for traders who watch these patterns.