Fartcoin Faces Breakdown Risk Below $0.93

After two failed attempts to reclaim $0.93, Fartcoin has slipped back to key Fibonacci support. The market is at a decisive point where either a bounce occurs or further downside accelerates.

Key Technical Points

- Double Rejection: $0.93 resistance rejected twice.
- 0.618 Fibonacci: Current support under test.
- Breakdown Target: Loss of support opens path to $0.51.

Analysis
Price action highlights clear weakness, with $0.93 acting as a ceiling. Holding the Fibonacci level is critical; a bounce here could rotate price back to retest $0.93. However, if broken, the next logical support lies at $0.51, representing a significant technical breakdown.

Market structure suggests sellers remain in control until price reclaims resistance. Bulls must defend current levels to avoid continuation lower.

What to Expect

Fartcoin sits at a make-or-break level. A rebound keeps $0.93 in play, but a breakdown exposes $0.51 as the next downside target.