Fartcoin price is range-bound but $0.73 will trigger the next move

Fartcoin continues to consolidate between key technical levels, with price action remaining range-bound and directionless. As long as the current structure holds, traders can expect more sideways movement until a breakout or breakdown occurs. This current range-bound behavior on Fartcoin ( FARTCOIN ) reflects indecision in the market. It is trading near its Point of Control, the zone of highest volume activity, which tends to act as a magnet for price action in the absence of clear momentum. As long as neither boundary is breached, the token is likely to remain locked within this oscillating structure. Key technical points Major Resistance: $1.45 marks the value area high and consistent rejection zone. Key Support: $0.73 aligns with value area low, 0.618 Fib retracement, and prior swing low. Point of Control: Price is consolidating around $1.10, indicating market indecision. FARTCOINUSDT (1D) Chart, Source: TradingView Following the rejection from $1.60, Fartcoin completed a full rotation back to the value area low near $1.00. Despite multiple attempts to push higher, price action has remained below $1.45, confirming bearish pressure at that level. Each rejection further validates this zone as the critical upside barrier to watch. The current structure is best described as neutral-to-bearish, given the lower highs and repeated failures to reclaim resistance. However, the fact that price is respecting support zones, particularly the POC and the $0.73 support cluster, offers some hope for bulls if momentum returns. You might also like: KULR secures $20m credit facility from Coinbase to buy more Bitcoin The $0.73 level is especially important moving forward. This area is backed by a key swing low, the 0.618 Fibonacci retracement, and the value area low, making it a strong confluence for a potential bounce. A move toward this zone could provide an attractive higher low setup if demand steps in. If price does rebound from this zone, the first target would be a return to $1.45. Reclaiming that level would signal a shift in market structure and open the door for a retest of $1.60. On the flip side, failure to hold $0.73 could lead to a breakdown into uncharted territory, with downside targets forming based on Fibonacci extensions and prior inefficiencies. What to expect in the coming price action Fartcoin remains stuck between $1.45 resistance and $0.73 support, with volume concentrated around $1.10. Until either boundary is broken, expect continued range-bound movement. A breakout above $1.45 would signal bullish intent, while a breakdown below $0.73 could initiate further downside. Traders should watch for increased volume at the edges of this range to confirm the next move. Read more: KULR secures $20m credit facility from Coinbase to buy more Bitcoin

Source: crypto.news