The left shoulder formed around Jan. 22 near $0.43. The head bottomed out on March 4 at $0.22. The right shoulder developed near March 27, around $0.44. The neckline resistance at $0.70 turned into support after the breakout. Fartcoin has traded sideways for the past six sessions, maintaining higher lows above this level.
The head to neckline height measures $0.48 ($0.70 – $0.22). Adding this to the breakout point sets a technical target near $1.18. However, the extended projection on the chart points to $2.12, suggesting a possible longer-term move.
The 50-day EMA sits at $0.5817 and now trends upward. Fartcoin trades well above it. The Relative Strength Index (RSI) remains strong at 65.25, with no immediate signs of bearish divergence. It has stayed above 60 since April 5, indicating sustained momentum.
Trading volume on the breakout day, April 10, exceeded 3.32 million, marking one of the highest daily volumes for Fartcoin in recent months.
This surge in activity confirmed strong buyer interest and validated the breakout above the neckline. Compared to the average daily volume in the prior two weeks, which ranged between 800,000 and 1.5 million, the spike represented more than a twofold increase, signaling renewed momentum and participation from larger market players.
If the price is above the neckline and the volume returns, the $2.12 target remains valid. The consolidation phase reflects market indecision, but the bullish structure remains intact.
Fartcoin Prints Bull Pennant With $1.73 Breakout Target
Moreover, Fartcoin price shows a textbook bull pennant formation on the 4-hour chart, signaling the potential continuation of the prior uptrend.
As of April 17, Fartcoin remains inside the tightening range of a bull pennant.
The upward move began on April 8 with a sharp rally from $0.36 to $0.92, marking a $0.56 gain that defines the flagpole. After peaking on April 9, the token entered a consolidation phase between converging trendlines. Meanwhile, the 50-period EMA on the 4-hour chart continues to trend upward, now sitting below the consolidation zone and providing dynamic support.
If the breakout occurs above the pennant resistance near $0.93, the target projection adds the $0.56 flagpole to the breakout point, giving a price objective at $1.73.
To validate the setup, the price must break above the upper trendline with strong volume. As of now, Fartcoin is awaiting confirmation of a breakout or breakdown.
Fartcoin Sees Surge in Smart Money
Fartcoin has emerged as the top choice for smart money investors over the past 24 hours, according to blockchain analytics platform StalkChain on April 17.
The platform reported that FARTCOIN recorded over $3.5 million in smart money inflows, far surpassing other tokens like PopCAT, Pnut, and Bonk, which saw significantly lower volumes. The data highlights a sharp spike in investor interest, positioning FARTCOIN as the most accumulated asset in the 24-hour.
Meanwhile, on-chain analytics platform CoinGlass reported a clear bullish shift in trader sentiment toward Fartcoin. The token’s Long/Short ratio reached 1.02, suggesting that traders are leaning heavily toward long positions.
This metric indicates that those expecting the price to rise now outnumber those betting on a decline.
