Market Context
The broader cryptocurrency market is experiencing a downward trend as investors anticipate the upcoming Federal Reserve decision. Both Bitcoin (BTC) and Ethereum (ETH) are trading in negative territory, contributing to increased selling pressure across speculative assets, particularly memecoins such as Fartcoin (FARTCOIN).
Despite a decline of over 8% in the past 24 hours, the chart for FARTCOIN is subtly indicating a different narrative: a significant bullish reversal may be developing beneath the surface.
Double Bottom Reversal Pattern
Examining the daily chart structure, FARTCOIN is forming a clear double bottom pattern. This is the same textbook reversal setup that preceded its substantial 187% rally earlier this year. The initial significant low was established around March 2025, near the $0.20 mark. This was followed by a breakout move that reclaimed the 100-day moving average and extended towards the neckline resistance at $1.67.
Currently, FARTCOIN has returned to the same structural demand zone. The price revisited $0.20, formed its second bottom, and has since rebounded to $0.3666. The current price action closely mirrors the fractal observed in March, including a rounded base that is gradually taking on a cup-like curvature.
It is important to note that the price remains below key inflection levels: the neckline resistance at $0.4751 and the 100-day moving average situated at $0.4885. In March, FARTCOIN needed to overcome both of these levels before its rally expanded. The market is now at the threshold of this critical test.
Future Outlook for FARTCOIN
If the current pattern continues to unfold as it did previously, the price may first touch the $0.4750 neckline, experience a controlled rejection to form a handle, and then attempt a breakout. A confirmed move above $0.4886 (the 100-day moving average) would re-establish upward trend strength and potentially trigger the double bottom target of approximately $1.67—a level that is currently around 350% higher than the present price.
However, this pattern is not guaranteed to repeat precisely. Without a solid reclaim of the 100-day moving average, the setup remains structurally under the control of sellers. Until this is confirmed, FARTCOIN is still considered to be in a recovery phase rather than a breakout phase.
Nevertheless, the repetition of the chart structure cannot be overlooked. The base is rounded, volatility has decreased, and buyers are once again defending the same long-term support level. With each trading session, the chart moves closer to revealing whether this is simply a temporary bounce or the commencement of another multi-month upward trend.