
Crypto trader CRG notes that Fartcoin (FARTCOIN/USD) has tested the yearly open six times without success. However, once it breaks through, the move could be “explosive.”
What Happened: As Fartcoin continues its impressive rebound from the lows hit earlier in March, traders are closely following the key levels and technical setups that could shape the next leg of the rally.
Crypto trader CRG, known for charting insights, observed that Fartcoin has tested the yearly open on six occasions without managing to decisively breakout.
"Once it does, the move could be truly explosive. We’re now in the final stages of this huge cup and handle formation, which is tracking toward the 1.0 fib, a key resistance zone that could determine the strength of the rebound," CRG said.
Trader Sjuul, meanwhile, highlighted that Fartcoin has finally hit the cup and handle target, showcasing an 85% move since the setup was first identified.
"Textbook breakout and a huge win for bulls. We're now testing the yearly open, which, if broken, could propel Fartcoin even higher," Sjuul said.
Prominent trader Unipcs remains optimistic, predicting that Fartcoin will quickly surge past the $1 mark.
"Is it finally time for Fartcoin to blast past $1? After an incredible 100% move from the March lows, Fartcoin is showing no signs of slowing down. In fact, with Fartcoin now testing the yearly open, we could see an explosive move if this level is breached," Unipcs said.
Trader Altcoin Sherpa does not have a strong take at the current price but is keeping an eye on two key levels—looking to buy either on a confirmed breakout above $1 or a deep dip toward $0.70.
"The meme of the cycle. Fartcoin is showing some strong technicals now with a potential cup and handle on the 4-hour chart. It's also retesting the yearly open, which could be a good level to buy if we see a bounce," Sherpa said.
Why It Matters: Despite the parabolic move of Fartcoin, ElonMoney highlighted an interesting trend: smart money and whales are beginning to sell, but new wallets are stepping in, signaling growing participation from retail traders.
"Smart money and whales are selling, new wallets are buying Fartcoin, interesting…," ElonMoney noted.
At the time of writing, Fartcoin is the top gainer across both the meme coin sector and the broader crypto market, having soared 156% from its bottom.
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