FARTCOIN is showing strong bullish momentum as it approaches a critical breakout above long-term resistance around $1.61.
Key Technical Signals:
• Price trading near multi-month resistance after sustained uptrend
• Rising trend line support holding firm since March lows
• RSI in healthy bullish territory without extreme overbought conditions
• Clean breakout setup with minimal overhead resistance
Trade Setup:
• Entry: Current levels around $1.59 or pullback to trend line support
• Initial Target: $2.00 psychological level
• Extended Target: $5.29 based on projected path
• Stop Loss: Below trend line around $1.20
Risk Considerations:
The meme coin nature brings high volatility risk. A failed breakout could see price retreat to trend line support. However, the technical structure suggests bulls are in control, and a decisive break above $1.61 resistance could trigger significant upside momentum toward the marked targets.
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