FARTCOIN's price reached an all-time high on December 20, with market capitalization skyrocketing to 1.2 billion USD. However, this token subsequently experienced a strong correction, with the market cap currently at 882 million USD after a 30% drop in the last four days. Nevertheless, the trend has begun to recover, increasing by 33% in the past 24 hours.
Despite the correction, technical indicators such as RSI and BBTrend indicate a series of signals, showing both bearish pressure and the possibility of recovery. As the price of FARTCOIN approaches important resistance and support levels, the next move will depend on whether buyers can regain control or the downtrend can continue.
FARTCOIN RSI is currently at a neutral level
FARTCOIN's Relative Strength Index (RSI) is currently at 53.5, a significant increase from 36 just a day earlier. This rapid increase indicates a strong surge in buying momentum as the token shifts from an oversold or weak market position to a more neutral zone.
This shift indicates that buyers have returned to the market aggressively. This move could reverse recent bearish sentiment and create opportunities for a balanced or bullish outlook.
FARTCOIN RSI. Source: TradingView
RSI is a momentum oscillator measuring the speed and change of price movements on a scale from 0 to 100. An RSI above 70 typically indicates overbought conditions, signaling a potential price correction, while an RSI below 30 indicates oversold conditions, often foreshadowing a recovery.
With FARTCOIN's RSI at 53.5, it is in the neutral range, indicating that the token is neither overbought nor oversold. In the short term, this suggests that there may be further upward movement if buying momentum continues. However, the market may stabilize as it approaches a higher RSI threshold near 70.
FARTCOIN BBTrend is currently very negative
FARTCOIN's BBTrend is currently at -25.45, marking the lowest level since December 7, indicating significant bearish momentum. This deep negative value suggests that selling pressure has intensified, pushing the coin into a strong bearish state.
Such a low BBTrend level reflects market conditions dominated by sellers, with very few signs of immediate bullish activity to counter the downtrend.
FARTCOIN BBTrend. Source: TradingView.
BBTrend, or Bollinger Band Trend, is a momentum indicator derived from the Bollinger Bands measuring the relationship between an asset's price and the midpoint of the bands. Positive BBTrend values indicate bullish momentum, while negative values highlight bearish conditions.
With FARTCOIN BBTrend at -25.45, the token is in a clear bearish zone, indicating that selling pressure is likely to continue in the short term. However, if this trend begins to stabilize or reverse, it could indicate the start of a recovery, but until then, bearish sentiment is expected to prevail.
FARTCOIN Price Prediction: Can FARTCOIN Return to 1 USD Soon?
FARTCOIN faces strong resistance at 0.92 USD, serving as a key level for short-term price direction. If this resistance is broken, it may signal a shift in market sentiment. This would allow FARTCOIN's price to continue rising and test the next key level at 1.299 USD.
This scenario represents a potential 50% increase from the current level, highlighting the potential for substantial profits if bullish momentum strengthens. This would continue to maintain FARTCOIN's momentum as one of the most notable meme coins in recent days.
FARTCOIN Price Analysis. Source: TradingView
On the other hand, technical indicators such as BBTrend and RSI suggest that the current bearish trend may continue.
If bearish pressure continues, the price of FARTCOIN could undergo a strong correction, dropping to the nearest strong support level of 0.55 USD. This would represent a potential decrease of 36%.
