FARTCOIN Charts Uptrend Pattern Despite Bearish Weekly Close: Can Bulls Take Over?

FARTCOIN is trading in a rising channel but remains capped by strong resistance between $1.50 and $1.60.

The asset dipped 11.38% over the past week, with price action showing high intraday volatility around $1.34.

A decisive break above $1.60 may trigger targets up to $2.40, while failure risks a drop toward $1.30 support.

Fartcoin, a meme cryptocurrency based on the Solana blockchain, has shown renewed interest in its market potential. However, the current market structure has revealed that the asset is in a bearish trend, which has led to an 11.38% dip over the last week.

Current Market Structure Revealed

According to CoinMarketCap data at the time of press, FARTCOIN opened near $1.3845 before declining steadily through the evening and overnight sessions. The price reached intraday lows around $1.31 by early morning. Minor rebounds occurred throughout the day but failed to recover previous highs

Source: CoinMarketCap

Volatility advanced midday with multiple sharp movements between $1.32 and $1.36. Despite temporary upward actions, the general trend remained downward during the session. By late afternoon, the price stabilized near $1.34 without breaking above the earlier peak. The FARTCOIN session closed with a net loss of 2.83%. Price movement stayed contained within a narrow range, showing no decisive direction beyond short-term fluctuations throughout the trading period.

FARTCOIN Maintains Uptrend Amid Resistance Battle Near $1.60

According to a recent observation by Kamran, FARTCOIN continues to trade within a rising price channel, showing strong support along an ascending trendline. The digital asset currently trades near $1.34, slightly above the diagonal support that has guided price action since early July. The chart reveals repeated pullbacks toward this trendline, each time finding support before pushing upward again. This rising base has underpinned the bullish sequence of higher lows, keeping the structure intact.

Source: X

A resistance zone between $1.50 and $1.60 has limited recent advances. Multiple daily candles reached into this band but failed to close above it. In June, the price moved sideways under this range before breaking out in mid-July. That breakout candle briefly pierced $1.50, though it didn’t close decisively above the zone. Following that, the price retraced slightly while still holding above July’s previous swing lows.

Support Zone Anchors Price Stability

The ascending trendline now converges around $1.30 and has acted as dynamic support during pullbacks. Bulls have defended this area strongly, as seen by swift rebounds following shallow dips. A breakdown below this trendline could disrupt the sequence of higher lows, shifting momentum, and invalidating the uptrend. Intraday volatility remains high between $1.45 and $1.55, with repeated wick activity in that range.

No bearish divergence appears on the chart, as no oscillators are displayed. Short-term traders watch for daily closes above $1.60 to confirm breakout continuation. A clear break could open targets between $2.00 and $2.40. Medium-term momentum remains bullish while the price respects the rising base and prints new swing highs. Price behavior near $1.60 will determine the next move. A confirmed breakout could extend the rally. Failure to reclaim this level may send the asset back toward $1.30.