$FARTCOIN Corrected to $1.04, Ready to Bounce or Continue Down?

Fartcoin token has experienced a price decline in the last 24 hours, now trading in the range of $1.04, after previously touching the level of $1.18. Despite the correction, trading volume remains high, indicating continued market interest.

📊 Latest Market Data

Current Price: $1.04

24-Hour Correction: -11%

Market Cap: Approximately $1 billion

24-Hour Volume: Over $250 million

Supply: 1 billion tokens

Network: Solana

🔍 Technical Analysis (1H / 1 hour Timeframe)

The current price is in a consolidation area after a sharp correction from the local peak of $1.18. A sideways pattern has formed in the support area of $1.00–$1.05. This could be an accumulation phase for potential further rallies if supported by large volume.

If a strong bounce occurs:

Short target: $1.20

Medium target: $1.35 – $1.50

However, if there is a breakdown:

Critical support: $0.95

Watch area: $0.80 – $0.85

Candles and volume in this zone are crucial in determining the next direction.

🧠 Conclusion

Fartcoin shows the typical dynamics of a memecoin with extreme volatility. The current correction could be an opportunity for traders waiting to enter at a discount price, but a strict strategy is still necessary. If the price can hold above $1.00 and volume strengthens, the chances of a rebound are quite open.

DYOR