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Fartcoin, XRP, BNB, LAYER — Reversal or continuation?

Published: Apr 22, 2025
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We’re tracking four high-probability setups that are lining up with precision, each flashing signs of heightened downside risk. BNB, XRP, Layer, and now even Fartcoin are entering prime short zones, with funding rates rising, liquidation clusters stacking, and macro structures weakening just enough to invite calculated aggression.

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If you’ve been waiting for the moment, this is it.

Fartcoin:

Technical analysis & market mechanics

  • Price reclaimed $1.00, marking a key psychological and structural level-up, 155% from the lows, confirming strong momentum off the base.
  • RSI currently at 67, nearing overbought territory - with the previous RSI high at 71, any break above could signal a short-term exhaustion move.
  • $1.00 now acting as local support - previously resistance, now flipped and holding well during consolidation.
  • $0.80 is key structural support - sits below the breakout zone, marking the first major level for downside re-tests or profit-taking
  • $0.60 is the next major support zone, historically reactive and likely to catch price on a deeper pullback.
  • $0.40 is deep support, formed during the original base before the 155% rally - strong historical demand sits here.
  • $1.14 is immediate resistance, capping recent price action and marking the top of the current consolidation zone.
  • $1.30 is key resistance from January, representing a historical rejection level - likely to trigger selling and profit-taking if revisited.
  • Funding rate at 0.0195% - slightly positive, signalling a growing long bias but not yet overheated
  • Open interest at $485M, steadily climbing for the past week, reflects increasing speculative positioning and adds weight to the setup.
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  • Next Support: $1.00
  • Next Resistance: $1.14
  • Direction: Bullish
  • Upside Target: $1.30
  • Downside Target: $0.80

Cryptonary's take

Fartcoin's breakout above $1.00 has been aggressive, with a 155% rally off the lows. We're now entering a key resistance zone between $1.14 and $1.30 - an area that historically marked a top.

The RSI is close to overbought, and both funding and open interest are rising, showing longs are getting more aggressive. The plan is to build shorts between $1.14-$1.30, with stops at $1.50 to allow room for any final push higher.

Downside targets are $0.80, $0.60, and $0.40 - each acting as key support zones where we'll look to scale out. If funding continues to rise with price, this becomes a clean, high-conviction setup.

What’s next?

Fartcoin’s setup is live, but the XRP, BNB, and Layer trades could offer even sharper moves. Short zones are aligning with liquidation clusters… this next batch is all about timing.


XRP:

Technical analysis & market mechanics

  • XRP remains inside a broader bearish channel, confirming a bearish market structure.
  • Since the last analysis, price has consolidated, still trading between $2.00 and $2.23.
  • The setup remains intact - still in the macro downtrend.
  • $2.23 is local resistance - price continues to react here.
  • $2.35, $2.48, and $2.58 are major resistance levels from previous breakdowns.
  • $2.73 remains the final extension - potential liquidity grab before reversal.
  • Resistance block between $2.23-$2.73 is the shorting zone - entries should be layered, not full-size.
  • Shorts should be scaled in gradually into strength.
  • $2.00 is local support - still weak and unreliable.
  • $1.78 is the key breakdown level - breach confirms continuation.
  • $1.50-$1.30 is the main downside target zone - aligns with long-term structure.
  • RSI around 50 - neutral, still allowing room for one more push.
  • Price action remains low volume, low momentum - short-term driven, not demand-led.
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  • Next Support: $2.00
  • Next Resistance: $2.23
  • Direction: Bullish
  • Upside Target: $2.58
  • Downside Target: $1.50

Cryptonary's take

The short setup is still fully valid. XRP has been consolidating between $2.00 and $2.23 with no shift in structure, no real volume, and no momentum behind the move. We're still scaling into shorts across the full resistance block: $2.23, $2.35, $2.48, $2.58, and $2.73 - using light sizing, isolated positions, and clear risk parameters.

Nothing has changed in the broader picture. This is a slow-bleed setup that still favours downside, and we continue to target $1.50-$1.30 long term. We expect another step lower across alts, and XRP is no exception. Stay tactical, stay patient.


BNB:

Technical analysis & market mechanics

  • Local support at $588 - current intraday floor.
  • Local resistance at $615 - short-term cap before higher targets.
  • Key resistance is at $640, which has strong liquidation levels and will likely magnetize the price. Secondary resistance at $670 - extended upside level for the first addition of short exposure.
  • RSI is currently around 55 - not overbought or oversold, still has room to push higher.
  • Key support levels at $540 and $545 - major demand zones.
  • Long liquidation cluster sits at $578 - attractive downside target on rejection.
  • Short liquidation levels are stacked at $626, $640, and $650, supporting the idea of price magnetising higher into resistance.
  • Structure still within a macro bearish channel, aligning with broader market behaviour.
  • We are also trading below the 200 EMA, which is acting as resistance.
  • Market showing short-term upside momentum, but macro structure remains heavy.
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  • Next Support: $580
  • Next Resistance: $615
  • Direction: Bullish
  • Upside Target: $670
  • Downside Target: $520

Cryptonary's take

BNB is setting up for a classic short-the-rip scenario. Price is bouncing and still has room to extend - with RSI at 55, it's not stretched, which supports further upside. We're now looking to add shorts at $670 and $730 if the price reaches those levels. Short liquidations are stacked between $626-$650, adding weight to the idea that price could magnetise higher before rolling over.

On the downside, $578 remains the first target, aligned with long liquidation clusters, followed by $540-$520 as our long-term objective. Structure remains bearish across the board, and BNB looks primed to print another lower swing high before resuming the trend lower. Let price extend - we'll be ready at resistance.


Layer:

Technical analysis & market mechanics

  • $2.20 acted as a clear exhaustion level, marking the current local top.
  • Price is now pulling back, showing signs of cooling after the move.
  • RSI sits between 50-54 - reset to neutral, not overbought or oversold.
  • This leaves room for another push back into $2.20, if momentum builds.
  • Local support is at $2.00, with secondary support at $1.90.
  • A support trendline remains in play - structure holds as long as price trades above, and chances of further upside remain high while we trade above this diagonal support
  • Near-term downside target sits at $1.60.
  • Longer-term target sits at $1.35 - aligns with macro breakdown expectations.
  • The chart remains bullish relative to the broader market, but is beginning to show early signs of topping.
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  • Next Support: $1.90
  • Next Resistance: $2.20
  • Direction: Bullish
  • Upside Target: $2.20
  • Downside Target: $1.66

Cryptonary's take

Layer has shown its hand. The rejection at $2.20 confirms it as a clear top for now, and we're treating that zone as our key short entry region going forward. With RSI now reset around 50, there's room for another leg higher, which lines up perfectly for late shorts or adding size. If price revisits $2.00-$2.20, we want to be positioned.

Trendline support still holds, so any short must be managed actively until the structure breaks. First target is $1.60, with $1.35 as the larger breakdown objective. This remains a standout chart - still strong - but that's exactly why we're watching closely for failure.

Tactically short on strength. These setups should be approached with low risk as it's a new asset with strength and a lack of historical context.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


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