Date: Tue, July 22, 2025 | 11:20 AM GMT
The cryptocurrency market is taking a breather today after a strong multi-day rally, with Ethereum (ETH) slipping over 3.5% following a 24% gain over the last week. While most major memecoins are cooling off, Fartcoin (FARTCOIN) continues to defy the pullback, hinting at more upside potential.
$FARTCOIN has climbed 5% in the last 24 hours, extending its monthly gains to 31%. More importantly, a textbook harmonic ABCD pattern is unfolding on the daily chart, signaling that the current uptrend may still have room to run.
Source: Coinmarketcap
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, FARTCOIN is shaping a Bearish ABCD harmonic pattern, which, despite its name, often points to bullish continuation during the CD leg. The pattern began in April from point A at $0.3551, rallied to point B, retraced to point C near $0.7930 in late June, and has since powered higher toward $1.62.
FARTCOIN Daily Chart/Coinsprobe (Source: Tradingview
If this ABCD pattern plays out completely, the final leg — from point C to point D — could push the price toward the 1.50 Fibonacci extension, projecting a target near $2.08.
What’s Next for FARTCOIN?
If the bullish setup unfolds as expected, FARTCOIN could rally another 28%, reaching the Potential Reversal Zone (PRZ) at $2.08 — a level that mirrors the AB leg in length, according to harmonic theory. This zone may act as a significant resistance level, where some traders might look to secure profits.
For confirmation, FARTCOIN must continue holding above the 100-day moving average (MA), currently around $1.1692, which now serves as a critical support line. A sustained move above this MA would bolster bullish momentum and confirm the harmonic structure’s validity.
With broader crypto sentiment still tilted bullish and FARTCOIN forming a clear harmonic setup, this memecoin remains one of the most promising technical plays to watch in the days ahead.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
