Image may be NSFW.
Clik here to view.
- Fartcoin is now near 0.0000000038 BTC and targets a 133 percent rise
- Solana moved 2980 percent after breaking 0.00004228 BTC in early 2021
- Fartcoin shows a 3-month base forming under 0.0000000090 BTC resistance
Fartcoin (Base) has been gaining traction after its BTC chart potentially began mimicking Solana's (SOL) historic breakout in early 2021. The analyst Donny shared a side-by-side comparison on April 9 that shows the FART/BTC 12-hour chart to have a structurally similar view to Solana's BTC daily chart pre-breakout. Describing the setup as "super rare," Donny pointed to the token's bottoming structure and gentle ascending trend line as two major confirmations of a potential macro expansion phase.
Currently trading at 0.0000000038 BTC, Fartcoin is certainly beginning to garner some interest. Last noted resistance sits at 0.0000000888 BTC, thus giving a 133% upside from the current level to the proposed breakout area. The chart reveals a months-long accumulation phase where lows were forming near 0.0000000120 BTC. From the early March lift to April, the price structure has shown higher lows with low volatility — one attribute of altcoins very common before the breakout.
Echoing Solana's Path to Breakout
Donny places Solana's chart to the right, dating 2020-2021, drawing attention to the breakout from the 0.00004228 BTC and surge to over 0.00130000 BTC. The setup is almost identical. Solana consolidated down from around 0.00001500 BTC going sideways before a glorious surge of more than 2,980% in three months upon breaching its last resistance line.
Slope and spacing provide a strong symmetry for Solana/Fartcoin BTC pairs. Solana bottomed for four months before breaking out, while Fartcoin is now currently on the third month of such consolidation. These two charts also create the last horizontal resistance line: 0.00004228 for SOL and 0.0000000888 for FART, hereby marking the critical areas of change in directional momentum.
Macro Liquidity Expansion and the Timing of Market Events
Donny stated that anything that falls to an extreme low against BTC and subsequently trades higher during a macro expansion phase is one of the most candidates poised for a quick breakout. In his caption, he hinted that Fartcoin might be heading for that moment. The breakout of Solana happened shortly after Bitcoin's dominance began to wane in early 2021. If BTC enters a similar scenario very soon, Fartcoin might share similar moves.
There is an absence of certain volume data in the present configuration, however, the compressed price channel and higher lows indicate that pressure is mounting. Fartcoin may invoke an unwanted snicker, but for the kind of currency that it is, traders are expected to take note of its shape and the data. So, as pointed out by Donny, this could present "a golden cook" to shine against BTC — a quaint expression, albeit one backed by the chart's precision.
Key Resistance and Setup Outlook
Fartcoin has to clear the 0.0000000888 BTC zone to initiate the next phase. Should it succeed, it could replicate the price explosion recorded after Solana broke above the resistance. Traders who follow BTC pairs are now monitoring Fartcoin with keen interest.
While BTC dominance potentially makes its final peak and the altcoins line up for rotations, Fartcoin charts make a strong technical case. Whether or not it gets into the fray is still that kind of clean setup — very much reminiscent of a topsy past. performer.