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The Fartcoin price has soared 38% in the last 24 hours to trade at $1.25 as of 11:06 a.m. EST on a 29% jump in trading volume to $273 million.
Fartcoin Price Could Continue Soaring
The Fartcoin price has exhibited a strong bullish trajectory in recent sessions. The most prominent pattern in the chart is a parabolic curve, often indicative of rapidly accelerating price action fueled by high investor enthusiasm. The price of Fartcoin has recently surged past multiple support levels, with clear bounce points near $0.77 (50-day Simple Moving Average (SMA) and $0.42 (200-day SMA).
The breakout past these levels triggered a sharp rally, culminating in the current Fartcoin price of $1.2527 after it reached an all-time high (ATH) of $1.29, according to data from GeckoTerminal.
Support zones have shifted higher, with immediate levels now around $1.00 and $0.77.
The Relative Strength Index (RSI) is currently at 69.41, approaching overbought levels (above 70). While this suggests potential exhaustion in the short term, it also reflects intense buying pressure.
Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains in bullish territory, with the MACD line (blue) above the signal line (orange). The continued upward divergence between these lines supports the bullish case, signaling sustained momentum.
Fartcoin Price Prediction
Based on the current technical setup, the Fartcoin price is firmly in a bullish trend, with the potential for further upside. If momentum sustains, the bulls could target the next major resistance anticipated around $1.50 to $1.70, driven by psychological levels and the continued parabolic pattern.
Conversely, a break below $1.00 would indicate weakening momentum, with further support at $0.77 (50-period MA) and $0.42 (200-period MA).
Meanwhile, investors are rushing to buy Crypto All-Stars (STARS), which ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, says has the potential to soar 10X after its launch.
Crypto All-Stars Presale Surges Past $24.9 Million – Less Than 8 Hours Left
Crypto All-Stars has raised almost $25 million as investors rush to buy the first-ever staking platform for multiple top meme coins – and now there are less than 8 hours left before its presale ends.
Degens are rushing to buy STARS, won over by its innovative MemeVault protocol that allows meme coin fans to stake top tokens to generate a passive income stream.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and Bonk can currently stake these cryptos on the platform and earn passive income in the form of STARS.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
While the current line-up enables staking for holders of around a dozen meme coins, the team says Crypto All-Stars will soon expand to welcome more into the fold.
Until this happens, traders can stake STARS tokens for a huge 156% annual percentage yield (APY).
Currently, STARS is available for just $0.0016782. Buy before the presale ends in less than 8 hours.
Purchase STARS from its official website here using BNB, USDT, or a bank card.
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