Date: Mon, April 28, 2025 | 07:20 AM GMT
In the cryptocurrency market over the past three weeks, major tokens are starting to show signs of recovery after enduring sharp corrections since the start of the year. Among them, Deepbook Protocol (DEEP) has come into the spotlight with an impressive weekly gain of 135%, fueled by a major technical breakout on the daily timeframe.
Meanwhile, Fartcoin (FARTCOIN) is also back on the green track with a 32% surge and is flashing a very similar setup to DEEP’s recent breakout, suggesting that a short-term rally could be just around the corner.
Source: Coinmarketcap DEEP and FARTCOIN Fractal Analysis
Both tokens have made similar breakouts from inverse head and shoulders patterns, a classic bullish reversal formation.
On the left side of the chart, DEEP recently managed to break through two key resistance areas — the yellow and green resistance zones — which helped to propel its price higher by about 18%. Following this strong move, DEEP is now approaching a crucial stage where it could see a slight pullback to retest the yellow resistance zone, which may now act as new support.
On the right side, FARTCOIN is setting up in an almost identical structure to DEEP’s earlier breakout. It just completed a breakout above its green resistance zone and is now eyeing the next major level — the yellow resistance zone — which sits roughly 10% above the current price of $1.18. If FARTCOIN can replicate DEEP’s path and break above this yellow resistance band, it could trigger a much larger rally with an upside target projected near $1.99.
What’s Ahead?
If FARTCOIN can replicate DEEP’s breakout path — successfully breaching and holding above its nearby resistance — the stage could be set for a rapid acceleration to higher levels. The next few daily closes will be critical in confirming whether this bullish setup plays out.
For now, both DEEP and FARTCOIN are flashing strong bullish signals. As long as overall market conditions stay supportive, these two altcoins could continue to outperform in the coming days and weeks. Still, sharp corrections can happen at any time — making it crucial for investors to stay agile and disciplined.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
