FARTCOIN has been trading inside a clear descending channel since the late-September high, but the latest move is getting interesting.
Price has now pushed above the upper trendline of the channel, currently around $0.150. This could be an early sign of a trend change, but I’d like to see confirmation rather than calling it a breakout immediately.
If FARTCOIN holds above the broken trendline, the first levels I’m watching are $0.157–$0.160, followed by $0.168–$0.170.
If price falls back below the trendline and gets rejected, the breakout could turn into a fakeout and the lower part of the channel comes back into focus.
For now, the key level is the broken trendline around $0.148–$0.150. Holding above it could be interesting. #Altcoin Season# #BNBChain# $FARTCOIN $USDT
Price has now pushed above the upper trendline of the channel, currently around $0.150. This could be an early sign of a trend change, but I’d like to see confirmation rather than calling it a breakout immediately.
If FARTCOIN holds above the broken trendline, the first levels I’m watching are $0.157–$0.160, followed by $0.168–$0.170.
If price falls back below the trendline and gets rejected, the breakout could turn into a fakeout and the lower part of the channel comes back into focus.
For now, the key level is the broken trendline around $0.148–$0.150. Holding above it could be interesting. #Altcoin Season# #BNBChain# $FARTCOIN $USDT