Technical analysis by The_Alchemist_Trader_ about Symbol FARTCOIN: Buy recommendation (8/27/2025)

Fartcoin has reverted to the $0.77 region, a level reinforced by both Fibonacci retracement and daily support. Multiple daily closes above this zone suggest demand is present, keeping bullish continuation on the table. The $0.77 mark has emerged as a pivotal region for Fartcoin’s price action, aligning with a critical Fibonacci level and daily support. Recent trading has confirmed demand in this area, with multiple daily closes holding above it. From a structural standpoint, this confluence is crucial in maintaining bullish momentum and setting up the conditions for another rally. Key Technical Points: - Support at $0.77: Confluence of Fibonacci retracement and daily support makes this a key level to defend. - Bullish Engulfing Candle: Liquidity sweep followed by an impulsive rebound signals demand is active. - Upside Target $1.36: A rotation toward this high time frame level becomes likely if volume inflows confirm. Price action around the $0.77 level has been decisive. Following a liquidity breach and impulsive candle lower, buyers quickly stepped in to spark a bullish engulfing candle, reclaiming support. This reaction suggests that demand is sitting at this level, providing the first confirmation that $0.77 is acting as a strong floor for continuation. Multiple daily closes above this support reinforce the bullish case and highlight the presence of accumulation. Market structure also favors a continuation. The liquidity sweep beneath $0.77 has already cleared resting stops, reducing downside pressure. This event is often a precursor to renewed bullish momentum, as liquidity is absorbed and price stabilizes. The subsequent ability of buyers to keep price above $0.77 shows that the structure of higher lows can remain intact, keeping the broader bullish bias alive. However, the key missing element is volume. While structural support has held and demand is visible, a sustained rotation toward $1.36 requires strong bullish inflows to validate momentum. Without this confirmation, the current price action risks stagnation, with upside capped until participation increases. Monitoring trading volume in the short term will be critical to gauge whether bulls are prepared to push Fartcoin higher. What to Expect in the Coming Price Action: If demand continues to defend $0.77 and bullish volume confirms, Fartcoin could rotate toward the $1.36 level, which represents a significant high time frame resistance. A failure to generate volume, however, could keep price consolidating near current levels, delaying the next move.