FARTCOIN Price Jumps 30% in 24 Hours as Market Cap Exceeds $1 Billion – Can It Sustain the Rally?FARTCOIN has surged by over 30% in the last 24 hours, propelling its market capitalization past $1 billion and solidifying its position as the 9th largest meme coin. This explosive growth has caught the attention of investors, but technical indicators suggest that the momentum behind the rally may not be as strong as it appears. Despite the bullish price action, signs of underlying weakness raise questions about the sustainability of the current uptrend.
The Average Directional Index (ADX), a key measure of trend strength, stands at 13.1—well below the 20-point threshold that signals a robust trend. This indicates that while prices are climbing, the rally lacks solid foundational support. For context, the ADX has remained below 20 since December 27, highlighting persistent weak momentum despite the recent gains. To sustain the upward trajectory, the ADX needs to strengthen, reflecting a more solidified trend.
Additionally, the Bollinger Band Trend (BBTrend) indicator for FARTCOIN is currently at -10.9, underscoring bearish undertones even as the price moves upward. The BBTrend, which turned negative after a brief positive period, suggests lingering downward pressure. A move into positive territory for this indicator would be crucial to align the price surge with stronger market confidence.
Looking ahead, FARTCOIN could test key resistance levels at $1.29, $1.35, and $1.40, potentially marking new all-time highs. However, maintaining this momentum will require a significant uptick in trend strength to counterbalance the concerns highlighted by the ADX and BBTrend. On the downside, failure to hold support at $0.92 could result in a steep decline, with targets around $0.55. While the recent rally reflects the token's growing market presence, careful monitoring of technical indicators will be essential for gauging its long-term potential.
