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The Fartcoin price jumped 10% in the last 24 hours to trade at $0.44581 as of 10:24 p.m. EST on trading volume that rose 4% to $124 million.
Fartcoin Poised For A Sustained Bullish Breakout
The FARTCOIN price on the 12-hour chart presents a strong bullish breakout following a prolonged falling wedge pattern. Falling wedges are generally considered bullish reversal patterns, and this breakout confirms the anticipated uptrend.
The Fartcoin price action has successfully moved above the 50-day Simple Moving Average (SMA), indicating a shift in momentum.
The 200-day SMA at $0.74 could be a short-term resistance before the price of Fartcoin soars even further.
Meanwhile, the Relative Strength Index (RSI) is currently at 63.25, approaching overbought territory (above 70). While not yet overextended, this suggests strong bullish momentum.
The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), confirming bullish momentum. The green bars on the histogram are also increasing, indicating some strength in buying pressure.
FARTCOIN/USDT Chart Analysis (Tradingview)
FARTCOIN Price Prediction
According to the FARTCOIN/USDT chart analysis, the Fartcoin price could face resistance around $0.74 (200-day SMA). A successful breakout above this level would confirm further bullish continuation.
If momentum persists, the next major resistance is $0.85, representing a 191% increase from current levels.
Conversely, a pullback could occur if RSI enters overbought conditions, potentially pushing FARTCOIN to retest the $0.30 support before further upside.
Meanwhile, investors are also buying a new Solana layer 2 project called Solaxy (SOLX).
According to Jacob Crypto Bury, a popular crypto YouTuber with over 55.7K subscribers, Solaxy has the potential to soar 10X post-launch.
Solaxy Presale Heads Toward $28 Million – Best Crypto To Buy Now?
Solaxy will be Solana’s first layer-2 scaling solution, and investors have already backed it with more than $27.5 million in its presale.
With Solana struggling to keep up during peak network activity, investors are betting big on Solaxy.
Typical Solana users experience multiple failed transactions. Simple token swaps, depositing or withdrawing funds from DeFi platforms, and interacting with Web3 games on Solana can be tedious and frustrating.
Solaxy takes a new approach to solving Solana’s congestion problems. This layer-2 solution eases network traffic by handling transactions off the main blockchain, creating a faster processing system for Solana.
🚨 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
By doing this, Solaxy reduces the strain on Solana’s mainnet. Transactions are handled on Solaxy’s layer 2 and bundled together before being sent back for final verification.
The project’s staking program also offers token holders a huge 148% annual yield.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001672 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in a little more than 1 day to secure the best deal.
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