{"id":5856,"date":"2025-07-25T22:08:27","date_gmt":"2025-07-25T22:08:27","guid":{"rendered":"https:\/\/bitunikey.com\/news\/fartcoin-faces-correction-after-1-64-rejection-can-1-05-support-hold-the-line\/"},"modified":"2025-07-25T22:08:34","modified_gmt":"2025-07-25T22:08:34","slug":"fartcoin-faces-correction-after-1-64-rejection-can-1-05-support-hold-the-line","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/fartcoin-faces-correction-after-1-64-rejection-can-1-05-support-hold-the-line\/","title":{"rendered":"FartCoin faces correction after $1.64 rejection, can $1.05 support hold the line?"},"content":{"rendered":"
\n

At last check Friday, Fartcoin \u2014 a meme-based cryptocurrency launched in October 2024 on the Solana blockchain \u2014 hovered at around $1.31, down 7.1% for the day. <\/p>\n

It was rejected sharply from the $1.64 resistance, triggering a corrective move. With the price hovering near the value area high, all eyes are now on the $1.05 support level.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • FartCoin rejected from $1.64 after a swing high liquidity grab and bearish engulfing candle<\/li>\n
  • A deeper pullback toward $1.05 support (POC + 0.618 Fib) is now likely<\/li>\n
  • No bottoming structure yet; price remains in active correction mode<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Earlier this week, Fartcoin (FartCoin) entered a corrective phase following a sharp rejection from $1.64 \u2014 a key resistance level aligned with a prior swing high. This move was not just technical; it confirmed a classic liquidity grab, where price wicked above the previous high only to reverse aggressively. <\/p>\n

    Fartcoin is likely to continue its downward trend toward the point of control, around $1.05. This support area is particularly significant, as it aligns with both the high time frame support and the 0.618 Fibonacci retracement level \u2014 a zone that often acts as a magnet for corrective moves and a launchpad for bullish reversals.<\/p>\n

    Key technical points:<\/h2>\n
      \n
    • Liquidity Grab at $1.64:<\/strong> Swing high taken, followed by sharp rejection and bearish engulfing candle<\/li>\n
    • Next Key Support at $1.05: <\/strong>Confluence of point of control, 0.618 Fibonacci, and HTF support<\/li>\n
    • Bearish Momentum Ongoing: <\/strong>No bottoming structure formed yet; further downside remains likely<\/li>\n<\/ul>\n
      <\/source><\/p>\n<\/picture>
      FARTCOINUSDT (1D) Chart, Source: TradingView<\/figcaption><\/figure>\n

      <\/p>\n

      The ongoing pullback is backed by a climactic volume node, suggesting that the recent rally may have reached exhaustion, at least for now. The rejection candle formed a bearish engulfing pattern on the daily timeframe, further strengthening the case for a short-term correction.<\/p>\n

      Technically, the market structure remains vulnerable until FartCoin reaches and successfully tests the $1.05 support zone. This level must hold if bulls want to establish a higher low and maintain the broader bullish structure. If price bounces from this area with volume confirmation, it could set the stage for a renewed move toward the highs.<\/p>\n

      However, if $1.05 fails to hold, then the door opens for a deeper retracement toward $0.90, or even a revisit to the previous swing low, effectively turning the current structure into a range between $0.90 and $1.64.<\/p>\n

      Until a bottoming pattern clearly forms, caution is warranted. Traders should remain patient, as chasing entries before support is confirmed increases risk in a volatile corrective environment.<\/p>\n

      What to expect in the coming price action<\/h2>\n

      If FartCoin confirms a daily close below the value area high, a move to $1.05 becomes highly probable. This zone must hold for bulls to regain control and form a higher low.<\/p>\n

      <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

      At last check Friday, Fartcoin \u2014 a meme-based cryptocurrency launched in October 2024 on the Solana blockchain \u2014 hovered at around $1.31, down 7.1% for the day. It was rejected…<\/p>\n","protected":false},"author":1,"featured_media":5857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5856"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5856\/revisions"}],"predecessor-version":[{"id":5858,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5856\/revisions\/5858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5857"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}