Crypto traders have their eyes on Fartcoin again after weeks of sideways trading. The coin, which recently saw a sharp slide from highs near $1.70, has now settled into a narrow range. Momentum is muted, but technical levels are drawing close attention.
Chart watchers suggest the asset is at a make-or-break zone that could shape its next move. For now, the market sits tight as traders wait for clarity.
According to data from CoinGecko, Fartcoin is trading at $0.9238 with a 24-hour volume of $195,482,406. The token is up 1.37% over the past day and almost 10% in the past week.
Fartcoin price on CoinGecko
Altcoin Sherpa, a well-followed crypto analyst, noted that the coin has been chopping sideways for nearly three weeks. He pointed to the 0.50 Fibonacci retracement level at $0.9471 and the 200-day EMA near $0.98 as important markers.
The price has been holding in the $0.90–$0.95 zone, showing that traders are watching the same technical range. This type of structure often suggests base-building after a drop.
Volume confirms the setup. After a strong spike earlier, activity has cooled into lower but steady flows. Analysts view this as typical of consolidation phases before new momentum builds.
If buyers fail to hold this consolidation, chart data points to $0.77 and $0.52 as lower supports. Both levels mark deeper Fibonacci retracements and could be tested if sentiment weakens.
On the other hand, resistance lines sit near $1.12 and $1.34. Those levels mark prior retracement points, where a breakout could unlock upside potential.
Sherpa stressed that this is not the place to sell, suggesting the base could turn into an accumulation zone. He argued that as long as price holds above the $0.90 level, the structure remains constructive.
Still, traders remain cautious. A decisive break below $0.90 could invalidate the base and force a retest of lower supports. Until then, Fartcoin sits in a neutral zone, waiting for its next direction.
The post Fartcoin Price Holds Key Support at $0.92 as Traders Eye Possible Rebound appeared first on Blockonomi.


