- AltcoinSherpa sold his FARTCOIN perpetual positions quickly but maintains full spot holdings, signaling long-term confidence.
- His latest chart spotlights key Fibonacci supports around $0.32–$0.38, where price recently bounced nearly 10%.
- The Solana meme coin continues strong trading volumes over $95 million daily despite broader market volatility.
Renowned crypto analyst AltcoinSherpa, followed by thousands for his technical insights, provided a fresh update on FARTCOIN ($FARTCOIN), the irreverent Solana-based meme coin that has become a standout in the 2025 cycle. Sherpa shared a detailed TradingView chart of FARTCOIN perpetual futures on Binance.
The daily timeframe reveals a downtrending 200-period EMA, with crypto price pulling back from recent highs near $0.45. He marked critical Fibonacci retracement levels, including the 0.382 zone at approximately $0.325–$0.328 and the 0.5 level near $0.297, shading potential accumulation areas in green.
Fibonacci Levels Defining the Current Trading Plan
Sherpa disclosed: “bought this morning but already sold it on perps, still holding my full spot position. More in scalp mode right now given the environment.” This cautious approach reflects the choppy broader market, where quick trades minimize risk while preserving upside exposure through spot holdings.
The update builds on his prior comments, where he noted price tapping his “area of interest” but initially focusing elsewhere. In a follow-up, he highlighted a near-10% bounce from the 0.382 Fib, though he captured only part of the move—underscoring the fast-paced nature of meme coin trading.
Key Levels to Watch: $0.32 Support and $0.28 Risk Zone
Launched in October 2024, FARTCOIN embraces internet humor with fart-themed memes and community engagement, rapidly gaining traction on Solana’s fast, low-cost network. It trades around $0.35, with a market cap exceeding $350 million and robust 24-hour volumes surpassing $95 million. Sherpa’s continued spot conviction suggests he views current levels as attractive for longer-term potential, even as he navigates short-term volatility through scalps.
Meme coins like FARTCOIN remain highly speculative, driven by community sentiment and viral momentum. Traders should monitor the highlighted supports closely—a hold above $0.32 could fuel further upside, while a break lower risks deeper retracement toward $0.28 or below.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
