Date: Mon, Aug 18, 2025 | 07:10 AM GMT
The cryptocurrency market is seeing renewed downside pressure as Ethereum (ETH) pulls back 4% on the day, sliding to $4,250 from its recent high of $4,780. This market weakness has weighed on memecoins, with Fartcoin (FARTCOIN) among the notable decliners.
$FARTCOIN dropped more than 3% today and has posted a 14% loss over the past week, bringing it to a key support area that could dictate its next big move.
Source: Coinmarketcap
Testing Key Support
On the daily chart, FARTCOIN has retraced sharply from its $1.69 range high. The correction has now dragged the price back toward the range low and the 200-day moving average, both clustered around $0.8950. This confluence zone is proving to be a critical support level.
FARTCOIN Daily Chart/Coinsprobe (Source: Tradingview)
At present, FARTCOIN is showing early signs of resilience around this level. The structure even hints at a possible “Power of 3” formation — a setup often associated with accumulation before a larger price swing. However, confirmation is still lacking.
What’s Next for FARTCOIN?
If buyers successfully defend the $0.8959 support zone, a bounce toward $1.10 could serve as early confirmation of strength. Clearing that barrier would increase the likelihood of a retest of the $1.53 range high.
In a bearish scenario, however, a decisive breakdown below $0.8959 would strengthen the case for a deeper correction. This could validate the potential manipulation phase of the Power of 3 setup, with the next major support lying near $0.78, where buyers may step in again.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
