Fartcoin eyes new all-time high, key support at $1.05 must hold

After an impulsive rally, Fartcoin encountered strong resistance around $1.45, which aligns with the value area high, a region of technical confluence that historically serves as a reversal point in range-bound markets. Price was cleanly rejected from this resistance, triggering a short-term correction back toward the lower boundary of the range.

Now, all eyes are on the $1.05 support level, which serves as a major confluence zone. It combines the point of control, the value area low, and the 0.618 Fibonacci retracement from the recent swing low to high. This triple-layered support zone is considered high-probability for a bullish reaction, and if it holds, it could mark the next higher low in Fartcoins developing bullish market structure.

A successful hold and bounce from this level would confirm trend continuation, with the next likely move being a rotation back toward the $1.45 resistance. A clean break above that resistance would open the door for a push into price discovery, putting new all-time highs on the table.

As long as the $1.05 level holds, the structure remains bullish, and the correction appears to be a healthy retest rather than a reversal.

What to expect in the coming price action

If Fartcoin holds the $1.05 confluence support, a higher low will likely be confirmed, triggering a move back toward the $1.45 resistance. A breakout beyond that level could lead to new all-time highs. However, if support fails, the bullish outlook would need to be re-evaluated. For now, the chart favors continued upside while $1.05 remains intact.