The cryptocurrency market is showing strength as the prices of both Bitcoin (BTC) and Ethereum (ETH) have surged over 10% and 14% respectively in the past 7 days. Riding this resilience, several memecoins are starting to flash bullish signals — and Fartcoin (FARTCOIN) is one of them.
FARTCOIN is back in green with 16% weekly gains, but what makes it more interesting is its technical structure flashing a potentially bullish reversal — the development of a Power of 3 setup, a pattern that often precedes explosive upside moves.
Power of 3 Pattern in Play?
On the daily chart, FARTCOIN appears to be tracing the textbook three-phase Power of 3 structure:
Accumulation Phase
For months, FARTCOIN moved sideways in a large range between $1.65 resistance and $0.89 support. This long consolidation suggested accumulation by stronger hands while volatility stayed muted.
Manipulation Phase
Recently, the token broke below the $0.89 range support, dropping to a low of $0.5355 before bouncing back to around $0.6513. This red-shaded zone on the chart marks the manipulation stage, where weak hands are shaken out through false breakdowns.
What’s Next for FARTCOIN?
FARTCOIN still trades inside the manipulation zone, meaning caution is warranted. However, if bulls manage to defend current levels and push price above the 50-day MA at $0.7931 and reclaim the $0.89 resistance, it could trigger the expansion phase — the most powerful stage of the setup.
A confirmed breakout above the $1.65 range high would likely ignite strong bullish momentum. Based on the projection, the next major target sits near $2.71, which represents more than 300% potential upside from current levels.
That said, risks remain tilted to the downside as long as FARTCOIN trades below $0.89, making this level the key line in the sand for bulls.