Bitcoin price started a fresh upward move above $103,200. BTC is now correcting gains and might revisit the $102,000 support zone.

• Bitcoin started a decent upward move above the $103,200 zone.
• The price is trading above $103,000 and the 100 hourly Simple moving average.
• There is a key bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it stays above the $102,000 zone.

Bitcoin Price Recovers Above $102,000

Bitcoin price started a decent increase above the $101,500 resistance zone. BTC was able to surpass the $102,200 and $103,200 resistance levels to move into a positive zone.

It even cleared the $104,500 resistance zone. The pair settled in a positive zone and now faces hurdles near the $106,500 zone. A high was formed at $106,414 and the price is now correcting gains. There was a move below the $105,000 level.

It is now testing the 23.6% Fib retracement level of the upward move from the $97,688 swing low to the $106,414 high. Bitcoin price is now trading above $103,000 and the 100 hourly Simple moving average.

There is also a key bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,500 level. The first key resistance is near the $106,500 level. The next key resistance could be $107,000.

A close above the $107,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level.

Another Decline In BTC?

If Bitcoin fails to rise above the $105,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $103,500 level. The first major support is near the $102,500 level and the 50% Fib retracement level of the upward move from the $97,688 swing low to the $106,414 high.

The next support is now near the $102,000 zone. Any more losses might send the price toward the $100,500 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $103,500, followed by $102,500.

Major Resistance Levels – $105,500 and $106,500.

FARTCOIN’s price has risen more than 30% in the last 24 hours, bringing its market cap back to $1.2 billion and trading volume to $435 million. Despite this strong surge, technical indicators show mixed signals about the trend’s sustainability.

The ADX remains low, suggesting weak momentum, while the Ichimoku Cloud indicates potential resistance ahead. Whether FARTCOIN continues rising toward $1.99 or faces a pullback depends on whether buying pressure remains strong enough to sustain the current move.

FARTCOIN DMI Signals Trend Weakness

FARTCOIN DMI chart shows its ADX at 18.2, which has remained at that level over the past few days. The ADX (Average Directional Index) measures trend strength, with values below 20 indicating weak momentum, while readings above 25 suggest a stronger trend forming.

When ADX surpasses 40, it signals a strong trend in either direction. Since ADX is still under 20, it suggests that while an uptrend is forming, the overall momentum is not yet fully confirmed.

However, the +DI has risen sharply to 26.4 from 12 in just two days, while the -DI has dropped from 28.6 to 19.3, signaling a clear shift toward bullish control. This suggests that buyers are gaining strength while selling pressure is weakening, aligning with FARTCOIN 30% price increase in the last 24 hours. However, ADX is still below 25, signaling the current trend could not last that long.

If ADX starts rising above 25, it would confirm a stronger trend, reinforcing further bullish momentum. For now, price action suggests an uptrend, but sustained buying pressure will be key to maintaining the move.

FARTCOIN Ichimoku Cloud Shows Challenges Ahead

FARTCOIN, now the third biggest meme coin on Solana, has an Ichimoku Cloud chart showing a transition phase. The price is currently trading just below the red Kumo. The cloud ahead is bearish, indicating potential resistance in the near term, while the Tenkan-sen (blue) and Kijun-sen (red) lines are beginning to slope upwards.

This suggests that short-term momentum is picking up, but the price still needs to break fully above the cloud to confirm a trend shift. Meanwhile, the Chikou Span (green) is approaching past price action, signaling that the market remains in a recovery phase rather than a confirmed bullish breakout.

The cloud is thickening in the upcoming sessions, which could indicate stronger resistance as the price moves toward it. However, if FARTCOIN price continues to hold above the Tenkan-sen and Kijun-sen, it may sustain this upward momentum. The relationship between these two lines will be key – if the Tenkan-sen crosses above the Kijun-sen, it could indicate a strengthening bullish sentiment.

On the other hand, if the price fails to stay above them and the cloud expands downward, it would suggest that bearish pressure remains dominant, keeping FARTCOIN in a consolidation phase.

FARTCOIN Price Prediction: Will the Current Surge Continue?

FARTCOIN price is currently trading between support at $1.13 and resistance at $1.3, with its uptrend still in play. If the price successfully breaks above $1.3, the next key level to watch is $1.61. This would make FARTCOIN surpass SPX6900 and BONK in terms of market cap and become the 5th biggest meme coin in the market.

A breakout above that could push FARTCOIN toward $1.99, marking a potential 60% increase from current levels. Given the recent momentum, the price action in the coming sessions will be crucial in determining whether this rally can sustain itself.

However, the Ichimoku Cloud and ADX suggest that the current surge may not be strong enough to continue for long. If momentum weakens and the meme coin fails to hold its position, a drop back to the $1.13 support could follow.

Losing this level would shift the trend downward, with the next key support at $0.74. Whether FARTCOIN continues its upward push or reverses will depend on how it reacts to these critical price levels in the short term.

Fairshake, the pro-crypto super PAC, currently has $116 million to influence elections in the 2026 US midterms. Several major donors who supported this effort during the 2024 elections have redoubled their donations.

At the moment, it doesn’t seem clear which senates will become the highest-priority targets. Since Kamala Harris endorsed crypto and lost, anti-industry sentiment has been much quieter in Congress, but a few opponents remain in power.

Fairshake Stockpiles for the Midterms

Fairshake, the pro-crypto Super PAC, is stockpiling resources for the midterms in 2026. According to a report from CNBC, the group currently has a war chest of $116 million to compete in these races.

Right after Trump won the Presidential election in November, a16z donated $25 million for this purpose, and other donations brought the total to $103 million.

However, more donations are likely. Elections can be very expensive in the current US political environment. In the 2024 cycle, Fairshake spent around $180 million to influence national races, and the midterms will be just as important.

In addition to electing President Trump, Fairshake’s political contributions also helped down-ballot candidates like Bernie Moreno.

“With the midterms on the horizon, we are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation,” Fairshake said in a statement.

Previous Fairshake donors, such as Coinbase, doubled down on their support, building new reserves for the midterms. According to CNBC, several additional big-name supporters like Ripple and Uniswap have provided new contributions for this purpose alone.

However, this does beg one question: who are they going to challenge with this money?

Crypto Industry Holds the Cards in US Elections

In the last Presidential election, Kamala Harris was more reluctant to embrace crypto than Donald Trump, but she eventually ran as a pro-crypto candidate.

Indeed, she even received high-level donor support from influential figures in the space, albeit less than Trump. If the Democrats continue their reconciliation with crypto into the midterms, who will Fairshake target?

There are some candidates that come to mind. First of all, a few outspoken crypto opponents like Senator Elizabeth Warren remain in Congress and continue to rail against Trump’s policies.

Since launching the TRUMP meme coin, several Representatives have called for a probe into possible criminal activity. Fairshake could fund races against these figures in the midterms.

However, there is another possible option. The Republicans have generally coalesced around Trump’s pro-crypto messages, but there are complications.

For example, a few elected officials have vocally supported the industry since the election despite opposing it beforehand. The threat of Fairshake spending could keep the half-hearted converts in line.

Ultimately, the midterms are nearly two years away, and Fairshake will have ample time to prepare. Regardless of which races take the highest priority, the super PAC will be ready to influence them.