Date: Thu, May 01, 2025 | 05:10 AM GMT
In the cryptocurrency market over the past month, major tokens are starting to show signs of recovery after enduring sharp corrections in Q1. Among them, Fartcoin (FARTCOIN) has come into the spotlight with an impressive monthly gain of 170%, fueled by a major technical breakout on the daily timeframe.
Meanwhile, Curve DAO Token (CRV), the altcoin that also recently suffered a significant pullback, is showing promising signs of following a similar path. Over the last 30 days, CRV has climbed 37%, with its current chart structure hinting at the potential for a continued rally—one that could mirror FARTCOIN’s explosive move.
Source: Coinmarketcap
FARTCOIN and CRV Fractal Analysis
On the daily charts, both tokens display a strikingly similar inverse head and shoulders pattern—a bullish reversal formation often seen at market bottoms.
FARTCOIN (Left Chart):
FARTCOIN successfully broke out above its neckline and the 100-day moving average (MA), a key dynamic resistance. This breakout triggered a strong move upward, sending prices soaring by more than 75%, from around $0.71 to a current level of $1.25. The coin is now hovering just below the key resistance zone around $1.29, which could act as a make-or-break level for further upside.
CRV (Right Chart):
CRV is now showing signs of following the exact same structure. After breaking through both the neckline of its inverse head and shoulders pattern and the 100-day MA, CRV has climbed to around $0.72. If this fractal continues to play out like FARTCOIN’s, CRV could be poised to hit its next resistance target near $0.83, representing a potential 15% upside from current levels.
What’s Ahead?
With FARTCOIN now approaching a critical resistance and CRV potentially on the verge of replicating the same breakout structure, traders and analysts will be watching closely. If CRV follows FARTCOIN’s trajectory, it could offer a short-term opportunity for bullish continuation.
However, it’s important to note that resistance levels, especially those combined with psychological or historical price zones, often bring increased volatility. Traders should keep an eye on volume and momentum indicators to confirm follow-through.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
