
Jakarta, Pintu News – Meme coins are on the move again, and FARTCOIN may be next.
FARTCOIN, one of the first meme coins to experience a huge spike this cycle, has been largely sedentary since its peak in May.
However, with a new breakout and a promising fractal pattern-similar to the recent rally of Pudgy Penguins -momentum seems to be building again.
Let’s take a closer look at the chart to see if Fartcoin is preparing to surge to the moon again.
FARTCOIN was one of the first meme coins to surge sharply earlier this year, starting a strong rally in March and peaking at $1.65 in May. After experiencing a decline for over a month, the trend changed again on June 22.
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The initially slow recovery started to accelerate in July, especially after FARTCOIN managed to break the major downtrend line and the $1.49 resistance level-an important zone that also aligns with the 0.5 Fibonacci retracement level.
This breakout pushed the price of FARTCOIN up to $1.69, its highest price since January. This rally is not only visible on the charts; momentum indicators also support this move.

Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing an uptrend and have recently entered into bullish territory, which reinforces confidence in the breakout.
With strong technical conditions and momentum returning, FARTCOIN’s price outlook remains bullish, with the potential to print new highs in the near future.
FARTCOIN’s wave pattern analysis shows that a new record high price is likely to occur.
According to its wave count, FARTCOIN has completed a five-wave bull pattern (green) and A-B-C correction (red) since March.
After that, the meme coin started another five-wave bull run pattern which is currently still ongoing.
There are two potential targets for the new high, which are at $2.25 and $3.13. If the current price increase has the same length as the previous increase, then the price is expected to reach $2.25.

However, in the event of an extension, the price of FARTCOIN could surge up to $3.13-which would be a new all-time high.
Looking at the developing price movement pattern, an extension scenario seems more likely, making the $2.25 area a potential local top before continuing further upside.
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PENGU is currently the undisputed leader in the world of meme coins during this altseason, consistently scoring new all-time highs.
Since the lows in April, the price of PENGU (purple) has risen by 750%, while the price of FARTCOIN (black) has only increased by about 260%.
Their price movements were virtually identical until July, when they began to diverge-HENGU surged rapidly, while FARTCOIN lagged behind.

However, it is worth noting that PENGU’s surge started after it broke the May resistance level-something FARTCOIN has just done.
So, if this fractal pattern continues, FARTCOIN will most likely start to catch up and move towards new highs, as per price action predictions.
Overall, FARTCOIN’s breakout and bullish technical indicators point to a potential upside towards $2.25, even up to $3.13.
If the PENGU fractal does repeat itself, FARTCOIN could print a new all-time high in the near future.
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