AskFast

AI

## TL;DR Fartcoin is pulling back to the **38.2% Fibonacci retracement (~$0.355)** from the recent swing low of $0.261 (Dec 2) to high of $0.413 (Dec 8), holding as support amid broader market weakness (top 20 tokens avg -2.8% 24h). This sets up a potential spot long entry at **$0.345-$0.355** with stop below $0.340, targeting TPs at $0.380 / $0.400 / $0.420+ (R:R **3:1** excellent). Bullish OI build (+3.3% 1h / +4.3% 4h to $284M total) and positive funding support continuation, but memecoin volatility and BTC correlation are key risks. ## Core Analysis ### Price Action Summary Fartcoin rallied +35% from Dec 2 low ($0.261) to Dec 8 high ($0.413), then retraced -14% to current $0.355 (Dec 11 close). The pullback found support at prior consolidation lows (~$0.354-$0.369 from Dec 10-11) aligning with 38.2% Fib, a classic bounce zone in uptrends. Volume context unavailable, but daily range contraction (high-low avg ~0.04) suggests consolidation before potential resumption. Key daily OHLC (Nov 26 - Dec 11, USD): | Date (UTC) | Open | High | Low | Close | |---------------|----------|----------|----------|----------| | 2025-11-26 | 0.2826 | 0.3169 | 0.2708 | 0.2990 | | 2025-11-27 | 0.3005 | 0.3710 | 0.2801 | 0.3518 | | 2025-11-28 | 0.3510 | 0.3567 | 0.3162 | 0.3407 | | 2025-11-29 | 0.3417 | 0.3623 | 0.3270 | 0.3453 | | 2025-11-30 | 0.3450 | 0.3457 | 0.3122 | 0.3200 | | 2025-12-01 | 0.3199 | 0.3362 | 0.3129 | 0.3129 | | 2025-12-02 | 0.3088 | 0.3262 | **0.2610** | 0.3206 | | 2025-12-03 | 0.3217 | 0.3858 | 0.3085 | 0.3516 | | 2025-12-04 | 0.3528 | 0.3673 | 0.3189 | 0.3512 | | 2025-12-05 | 0.3489 | 0.4028 | 0.3439 | 0.3798 | | 2025-12-06 | 0.3833 | 0.3877 | 0.3415 | 0.3759 | | 2025-12-07 | 0.3746 | 0.4065 | 0.3682 | 0.3759 | | 2025-12-08 | 0.3772 | **0.4128** | 0.3540 | 0.3698 | | 2025-12-09 | 0.3694 | 0.4078 | 0.3694 | 0.3820 | | 2025-12-10 | 0.3817 | 0.4024 | 0.3586 | 0.3690 | | 2025-12-11 | 0.3686 | 0.3914 | 0.3545 | **0.3545** | **Fibonacci Levels** (swing low $0.261 to high $0.413, range $0.152): - 23.6%: $0.377 - **38.2% (current support)**: $0.355 - 50%: $0.337 - 61.8%: $0.319 **Strong Spot Long Setup**: - **Entry**: $0.345-$0.355 (38.2% Fib + Dec 11 low) - **Stop Loss**: $0.340 (below Dec 6 low $0.3415, risk ~1%) - **Take Profits**: | TP Level | Price | R:R (from $0.350 entry) | |----------|---------|----------------------------------| | TP1 | $0.380 | 3:1 (R:R = |0.350-0.380| / |0.340-0.350| = 0.030/0.010 = **3.00**) | | TP2 | $0.400 | 5:1 (0.050/0.010 = **5.00**) | | TP3 | $0.420+ | 7:1+ (extension past recent high)| This setup offers **excellent R:R ≥2.0** with confluence at Fib support. Scale in 50% at entry, add on bounce confirmation. ### Market Data Analysis Latest spot close **$0.355** (Dec 11), futures price **$0.35**. Broader market down (BTC -2.0%, ETH -3.9% 24h), but Fartcoin's relative strength at Fib support signals resilience. Futures OI building short-term (**$284M total**, +3.28% 1h / +4.32% 4h), despite -5.22% 24h drop—suggests fresh longs entering. Positive funding (0.001%-0.005% SC across exchanges) indicates longs paying shorts, healthy for upside but watch for squeeze if OI keeps rising. | Exchange | OI (USD) | Funding (SC) | OI Chg 1h | OI Chg 4h | OI Chg 24h | |-------------|------------|--------------|-----------|-----------|------------| | **Total** | **$284M** | - | **+3.3%** | **+4.3%** | -5.2% | | Hyperliquid| $76M | 0.00125 | +0.35% | +2.65% | +1.0% | | Bybit | $61M | 0.005 | +0.35% | +9.1% | -9.7% | | Binance | $45M | 0.005 | +0.39% | +0.7% | -7.9% | | MEXC | $26M | 0.005 | -0.63% | +1.6% | -9.5% | | Bitget | $20M | 0.005 | +0.21% | +1.4% | -6.0% | No oscillator data available (RSI/MACD etc.), limiting momentum confirmation—rely on price structure. ## Conclusions **Bottom line**: Clean spot long setup at $0.345-$0.355 with 3:1+ R:R to prior highs, backed by Fib confluence and OI accumulation. **Key risk**: BTC drag (correlated downtrend) or memecoin dump below $0.340 invalidates. **Monitor**: Bounce above $0.370 for TP1, OI/funding for leverage confirmation. Position size 1-2% capital given volatility.