Fartcoin Eyes $1.45 Reversal After Testing Fibonacci ConfluenceFartcoin has retraced into a major confluence zone, with the 0.618 Fibonacci retracement, point of control, and daily support clustering near $0.73. This level could serve as the foundation for a reversal toward $1.45.
Introduction:
While recent price action has been corrective, Fartcoin’s current position highlights a potential bottoming zone. The confluence of multiple technical levels at $0.73 gives merit to a reversal scenario, provided the coin consolidates above support. Traders are now watching for a shift in structure that could spark the next leg higher.
Key Technical Points:
Testing the 0.618 Fibonacci retracement near $0.73.
Point of control and daily support reinforce the zone.
Breakout structure could accelerate toward $1.45.
Fartcoin’s retracement into $0.73 is significant, as this zone combines several technical supports into one dense region. The value area low, daily SR, and point of control all overlap here, creating a high-probability reversal area. If buyers step in and establish a base, the likelihood of a structural shift toward higher levels increases considerably.
For a bullish reversal to take shape, Fartcoin must consolidate above $0.73 and print a higher low. This would confirm market structure has flipped, paving the way for continuation toward $1.45. The latter level represents both psychological resistance and a target defined by the Fibonacci extensions of the prior impulse move.
On the other hand, failure to establish support here would undermine the bullish case. A breakdown beneath $0.73 could open the door to deeper declines, weakening the probability of recovery in the short term.
What to Expect in the Coming Price Action:
Fartcoin sits at a decisive support cluster, with a reversal toward $1.45 possible if the structure shifts bullish. Holding $0.73 is essential, making this level the battleground for the next directional move.
