Key Takeaways
- FART is in wave (iv) of a 5-wave impulse.
- Support sits at $0.747 with bullish reversal potential.
- $0.985–$1.133 is the likely final wave v zone.
Since early March, Fartcoin has been trading within a well-structured impulsive Elliott Wave count.
The price action on the 4-hour and 1-hour charts reveals a near-completed 5-wave structure, currently pulling back in a potential wave 4 correction.
With Fibonacci confluences aligning across multiple degrees and bullish divergences appearing, FARTCOIN could set the stage for its final upward impulse.
FART Price Analysis
The 4-hour chart reveals a textbook five-wave advance from the March 11 low of $0.20, with wave (iv) forming a corrective base around $0.36 before launching into a strong wave (v).
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The substructure of this final wave has developed into another five-wave sequence.
It is currently in its fourth sub-wave correction, retesting the $0.74 level, which has fallen by 21% since its recent high.
Wave (iii) peaked near $0.98, aligning with the 1.618 Fibonacci extensions as projected in our previous analysis. However, this was projected as the target for the end of the five-wave move.
The retracement of wave iv currently hovers around the 1.0 Fib extension of wave i–iii ($0.747), which is also a high-probability pivot zone.
The Relative Strength Index (RSI) is resetting to neutral levels, indicating that price is cooling off before potentially entering a final wave (v).
A breakdown below $0.664 (0.786 Fib) would invalidate the bullish setup and risk a broader correction toward the 0.618–0.5 zone.
FARTCOIN remains bullish above $0.66, with continuation targets in the $0.98–$1.13 region.
FART Price Prediction
Zooming into the 1-hour chart, FART is completing a smaller-degree wave (iv) pullback within the larger impulsive structure.
The correction has landed precisely at the 1.0 Fibonacci extension ($0.74735) and shows early signs of rebound.
This area is also near the top of the prior breakout zone, increasing the odds of a successful wave (v) extension.
If this support holds, the upside targets for wave (v) are $0.852 (1.272 Fib extension), $0.985 (1.618 Fib extension), and $1.133 (2.0 Fib extension).
These zones are ideal candidates for local tops if volume confirms the move. On the 1-hour chart, RSI attempts to recover from near-oversold territory, aligning with the bounce narrative.
Should the price dip below $0.664, it would signal a potential breakdown from the impulsive structure, likely invalidating wave (iv) and turning it into a more complex correction.
Assuming the bullish count holds, the price could rally another 20–40% from current levels before facing major resistance.
Key Levels to Watch
- Major Support: $0.747 (1.0 Fib of wave iii–iv), $0.664 (0.786 Fib, invalidation level).
- Immediate Resistance: $0.852 (1.272 Fib extension), $0.985 (1.618 extension, target for wave v).
- Breakout Confirmation: Close above $0.852 with momentum and volume.
- Invalidation Level: Sustained move below $0.664 ends impulsive count.
- Fractal Watch Zone: $0.985–$1.133 (projected completion of wave v).
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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