#SECGuidance Fartcoin is popular online following a quick surge in April. At this writing, its daily trading volume exceeds $350 million, attracting investors. After falling to $0.27 in March, it reached $0.90. It seems to be heading for another record high over its January $2.50 top.

The cryptocurrency is on the third wave of a bullish Elliot Wave impulse, they say. With the price rising so high, the bullish third wave may be ending and the negative fourth wave may be beginning.

Fartcoin may enter a corrective ABC wave during the bearish fourth wave, according to the expert. This suggests that the cryptocurrency may face substantial resistance, testing the current rally.