One of the famous market analysts named Persis10t has analyzed the price trend of FARTCOIN based on the Solana network in his latest analysis. According to this analyst, the price chart of FARTCOIN has completed the classic inverse head and shoulders pattern, which is usually interpreted as a sign of an upward reversal. He mentioned that the neckline of this pattern is around $0.739, which aligns with the 0.5 Fibonacci level and the 100 moving average, increasing the credibility of this level. At the time of writing this news, FARTCOIN is trading around $0.8, with strong support near the $0.77 level. Persis10t stated that as long as this level is maintained, market control is in the hands of the bulls. In such conditions, one can expect the continuation of the upward trend to the psychological level of $1 and even higher. However, there is still a possibility of bears dominating the market. This analyst warned that closing a price candle below the neckline could invalidate the current bullish structure. Therefore, traders should pay attention to market reaction in this demand area to confirm the continuation of the upward trend. Currently, key support is between $0.73 to $0.66, while the main resistance is seen at the psychological level of $1. Based on market data, FARTCOIN has increased by nearly 140% in the last month, allowing this meme coin to once again return to the top 100 digital currencies in the market.
