Is This the Smelliest Rally Yet? Fartcoin Faces Destiny at $1.50!

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  • Fartcoin’s journey from $0.92 to $1.47 drew less attention than the town dog sneezing during Mass.
  • As for demand? Picture three pensioners arguing about potatoes—a “range formation,” if you will.

In those restless Aprils and thoughtful Mays, Fartcoin [FARTCOIN] tried climbing the mountainous resistance at $1.5. The ascent was admirable, but, rather like Uncle Vasya after a cabbage supper, it ran out of steam right before the crest. Now, Fartcoin’s price resides in a range—a village with suspiciously similar boundaries to last year’s gossip scandals.

Bitcoin [BTC], meanwhile, rests above $102,500 like a cow on warm hay, occasionally glancing at its all-time high and mooing with nostalgia. Naturally, Fartcoin faithfuls whisper about a rally that may—or may not—arise. How quickly hope morphs into anticipation in these parts! 🐄

On the 1-week chart, Fartcoin flashed bullish hints. Yet the “hints” were as ambiguous as the mayor’s promise to fix the bridge. A meteoric rise in January, then a shrug and descent to $0.21—typical of the coin’s temperament, or perhaps the coin’s diet. 📉

From the low, a 631% rally unfolded in 70 days—a number sure to baffle sensible bookkeepers and impress absolutely no one’s grandmother. But alas, the infamous 50% retracement resisted like my cousin Sasha resisting sobriety. Rejection at $1.47? The price’s way of reminding us that glory is fleeting, and memecoins even more so.

Still, the popular $1 level—the psychological round number—proved sturdy as an old fence post. Even the OBV perked up, briefly. Between these factors, the long-termed investor could almost allow a half-smile. Almost.

Somewhere, a Candle Flickers: Fartcoin’s Daily Chart

The 1-day chart did not inspire fear, nor admiration—merely the desire to brew tea. From the $0.4 lows, the coin marched upward inside an “ascending channel”—in village terms, a muddy road with two ditches. The climb halted at $1.47–$1.5, before Fartcoin heroically stumbled back to $0.92. Who among us hasn’t fallen into a ditch on a spring evening?

This adventure cemented the presence of a range and highlighted the $0.9 area as a ‘demand zone,’ or as we say: “People might buy here, or perhaps just mumble about it at the market.” While the rebound to $1.47 happened in a flash, trading volume remained as thin as vapor rising from hot borscht.

With OBV meandering near old highs, traders are left in suspense, pondering whether this range will ever break, or simply haunt us like uncollected debts.

For now, let traders use the range extremes as their battlefield, armed with hope and a dash of garlic. Perhaps an OBV breakout will signal price movement—more likely, it will simply echo the last time Aunt Ludmilla thought she’d won the lottery.

Meanwhile, the RSI, like a nervous cat, bounced off the neutral 50. The price clings to the $1.2 support—swing traders may seek fortunes toward $1.4–$1.5, provided fortune has a particularly dry sense of humor. 💸

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2025-06-17 08:14