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The Fartboy price skyrocketed 30% in the past 24 hours to trade at $0.07963 as of 02:34 a.m. EST on trading volume that surged 160% to $11.5 million.
Fartboy Price Indicators Show A Continued Surge
The $FARTBOY price has experienced a strong bullish trend, surging significantly from its previous consolidation phase.
The Fartboy price recently broke out from a falling channel pattern (highlighted in yellow), which acted as a corrective pattern within the larger uptrend.
$FARTBOY bulls then capitalized on the $0.01661 support to push the price through a parabolic rally, according to GeckoTerminal data.
The 50-period Simple Moving Average (SMA) on the 4-hour chart sits at $0.03909, significantly below the current price of $0.07963, confirming that the asset is in a strong uptrend.
The key support levels can be identified near $0.055 and $0.021, while resistance has now formed around $0.080 and beyond.
Meanwhile, the Relative Strength Index (RSI) is at 76.06, indicating that the price of $FARTBOY is in overbought territory. This suggests that while bullish momentum is strong, there could be a short-term pullback or consolidation before the next leg up. Overbought conditions do not necessarily mean an immediate reversal but caution traders about potential price corrections.
The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange) and trending upward, confirming strong bullish momentum. Additionally, the histogram is printing larger green bars, signifying increasing bullish momentum.
Can $FARTBOY Continue Soaring?
Given the current momentum, the Fartboy price could continue its bullish run, especially if buying pressure sustains.
If the price of Fartboy breaks and holds above $0.080, it could challenge the $0.10 psychological level in the near term while targeting $0.15.
However, the overbought RSI suggests a potential pullback or consolidation phase before another leg higher. Support levels around $0.055 and $0.02 will be crucial in case of a retracement.
Meanwhile, investors are also buying a new Solana meme coin called Solaxy (SOLX), which the popular YouTube channel 99Bitcoins, with over 724K subscribers, says has the potential to soar 100X post-launch.
Solaxy Presale Closing On $19 Million—Next Crypto To Explode?
Solaxy, a new layer-2 scaling solution for Solana, has raised more than $18.2 million in its ongoing token presale event.
The project aims to address Solana’s network congestion issues by implementing off-chain processing mechanisms—similar to Ethereum’s layer-2 solutions. This model has already been proven successful on Ethereum through platforms like Arbitrum and Optimism.
By processing transactions off of Solana’s main chain, bundling them together, and then submitting them to the mainnet for final verification, the system enhances efficiency.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
This approach directly addresses one of Solana’s biggest challenges: network congestion.
Moreover, once launched, Solaxy will provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer-1 capabilities.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001626 each using BNB, ETH, USDT, or a bank card. Solaxy also offers holders who stake its SOLX token a huge annual yield of 222%.
Buy SOLX here before a price hike in 19 hours to secure the best deal.
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