Technical analysis by The_Alchemist_Trader_ about Symbol FARTCOIN: Buy recommendation (11 hour ago)

After two failed attempts to reclaim $0.93, Fartcoin has slipped back to key Fibonacci support. The market is at a decisive point where either a bounce occurs or further downside accelerates. Key Technical Points - Double Rejection: $0.93 resistance rejected twice. - 0.618 Fibonacci: Current support under test. - Breakdown Target: Loss of support opens path to $0.51. Analysis Price action highlights clear weakness, with $0.93 acting as a ceiling. Holding the Fibonacci level is critical; a bounce here could rotate price back to retest $0.93. However, if broken, the next logical support lies at $0.51, representing a significant technical breakdown. Market structure suggests sellers remain in control until price reclaims resistance. Bulls must defend current levels to avoid continuation lower. What to Expect Fartcoin sits at a make-or-break level. A rebound keeps $0.93 in play, but a breakdown exposes $0.51 as the next downside target.