Altcoin Sherpa believes Fartcoin is nearing a crucial support zone at the 0.618 Fibonacci level around $0.75.
The asset's price structure seems fragile, and a strong daily close is needed to avoid further decline, especially if Bitcoin doesn't rally.
Despite the downtrend, Altcoin Sherpa is adding to his Fartcoin position at current levels, expecting a potential bounce in the 0.5–0.618 Fibonacci zone.
The analyst anticipates the $0.75 support area could act as a local bottom, although the setup remains vulnerable with declining volume and critical support.