The Fartcoin price has surged 18% in the last 24 hours to trade at $1.3579 as of 11:15 p.m. EST on a 131% jump in trading volume to $240 million.
Fartcoin Price On A Bullish Trend Reversal
The Fartcoin price analysis on the 4-hour timeframe demonstrates a strong bullish momentum, with the token’s price steadily climbing over the past few weeks.
A notable rounding bottom pattern is evident, a classic bullish continuation formation, supported by the $0.73 support zone, according to data from GeckoTerminal.
Currently, the price is trading at $1.3579, above both the 50-day Simple Moving Average (SMA) and 200-day SMA. The breakout from the handle was accompanied by an increase in volume, reinforcing the likelihood of further upward movement.
The Relative Strength Index (RSI) currently sits at 69.24, near the overbought threshold of 70. This suggests that while the bullish momentum remains strong, the token could experience a brief pullback or consolidation phase before continuing its upward movement.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is significantly above the signal line (orange), and the histogram bars are increasing in size, signaling robust bullish momentum.
The MACD is well above the zero line, which reinforces the uptrend.
FARTCOIN/USD Chart Analysis Source: GeckoTerminal
Fartcoin Price Prediction
Based on the technical analysis, a bullish scenario suggests that Fartcoin could rally toward $1.80, the next significant resistance level, as implied by the breakout from the rounding bottom pattern.
This target aligns with the projected move typically associated with this formation.
However, a pullback scenario may involve a minor retracement toward the handle breakout level around $1.10, offering a potential re-entry point for bulls before resuming the uptrend.
As the FARTCOIN price aims for a continued surge, investors are also buying up a new breakthrough meme coin called Meme Index (MEMEX).
According to crypto analyst and YouTuber Jacob Bury, who has over 53k subscribers, MEMEX has the potential to be the next 10x crypto.
Meme Index Blasts Past $1.5 Million In Presale
Through four curated indexes that offer diversified exposure to meme coins, the Meme Index platform seamlessly blends innovation, decentralization, and community governance.
Designed for meme coin enthusiasts, $MEMEX empowers users to tap into the dynamic growth potential of meme coins while tailoring their investments to match their preferred risk level.
Instead of focusing on a single token, $MEMEX provides access to baskets of meme coins tailored to varying risk appetites and investment styles.
MEMEX offers four investment baskets: Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.
Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX
— Best Wallet (@BestWalletHQ) December 27, 2024
The Meme Index presale is off to a roaring start, raising over $1.5 million as it gains traction in the cryptocurrency space.
MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 1,523%.
To participate in the presale, you can purchase MEMEX tokens on the official website for just $0.0148639.
Buy soon to lock in the best deal as the price will increase in about one day.
Buy MEMEX tokens using USDT, ETH or bank card.
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