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The Fartcoin price dropped 5% in the last 24 hours to trade at $1.17 as of 3:00 a.m. EST on trading volume that went down 31% to $189.16 million.
The FARTCOIN price declined just after reaching its weekly high of $1.2731. However, even after dropping to $1.17, the project is still over 8% higher than it was a week ago.
Fartcoin Price Prediction
The start of May saw FARTCOIN reach both its weekly and monthly high, but its price suffered a minor decline as a result. Even so, the sentiment surrounding the meme coin is still highly bullish, as similar price rejections happened in the past whenever the meme coin hit a strong resistance.
Previous price action showed that, when the token’s growth gets interrupted, it declines slightly, spends a few days maintaining price stability, and then breaks the resistance in a sharp price surge. Its Bollinger Bands have narrowed significantly since it found a support at $1.18, suggesting that the Fartcoin price might simply wait at this level for a few days before continuing its surge.
FARTCOIN/USDT chart analysis (Source: TradingView)
The meme coin’s Relative Strength Index (RSI) value also shows signs of relative stability. After strong fluctuations between the neutral value of 50 and the overbought zone seen throughout May 1, the token’s fluctuations eventually took it down to the oversold area.
This was around the time when its price dropped to the support at $1.18 for the first time, and since then, Fartcoin’s RSI has been fluctuating between 40 and 50. This suggests that day traders are still highly active, but that there is not enough buying power to push the RSI further up, and kick off a bull run, further confirming that a brief period of stability might be in store for the token.
Promising Alternative To FARTCOIN
The Fartcoin price’s new stability offers little in terms of earning potential, which is why investors have turned to Fantasy Pepe (FEPE). This is a new meme coin, currently still in presale, which aims to combine football, cryptocurrency, and AI into a unique esports experience.
Fantasy Pepe says that football is life, memes are culture, and crypto is the future. So, it decided to combine them into one offering, and add AI to create AI-powered matches where meme teams would clash against one another, while its token holders would be able to vote on the outcomes, and win rewards if their predictions are correct.
For those who just want to earn from a highly promising project without risking their tokens in wagering, there is also a staking option that offers a 1,214% APY. Of course, you can always mix things up and start staking the coins you win through wagers placed on AI-powered football games.
As mentioned, the project’s token, FEPE, is still in ICO, selling for only $0.000321, and the presale has already raised more than $247.8k since launch, now moving toward the $300k mark.
However, experts like Crypto ZEUS, a crypto YouTuber with over 85.7k subscribers, believe that the project has big potential and could possibly be the next big Pepe crypto.
Interested investors should buy before the next presale price hike in around 26 hours.
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