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The Fartcoin price has surged 40% in the last 24 hours to trade at $1.067 as of 11:13 p.m. EST on a 163% jump in trading volume to $199 million.
Fartcoin Price On A Recovery
The FARTCOIN price in late December invalidated the bullish rounding bottom pattern and took a hit to drop through a falling channel pattern.
However, the Fartcoin price has recently broken out of the channel, with $0.68 acting as a major support level, according to GeckoTerminal data.
FARTCOIN is currently trading at $1.067, above both the 50-day Simple Moving Average (SMA) at $0.965 and the 200-day SMA at $0.952. The SMAs align with a strong support zone, further solidifying the bullish narrative.
The Relative Strength Index (RSI) is currently at 62.77, entering bullish territory but still below the overbought zone of 70. This suggests there is room for further upward movement before a potential correction.
Meanwhile, the blue Moving Average Convergence Divergence (MACD) is moving above the orange signal line, which creates a bullish crossover, further cementing the overall price recovery over the falling channel.
FARTCOIN To Continue Soaring
Based on the analysis of the price trends and indicators, FARTCOIN appears poised for further upward movement. The breakout from the descending channel and strong technical indicators support a continuation of the bullish trend.
In the short term, the Fartcoin price is likely to test the resistance level around $1.6, which is a critical level that determines future momentum. If the price of FARTCOIN breaks this level, the next target would be $2.0 in the long term.
However, if the resistance holds and the price retraces, the $0.95–$1.00 zone (supported by the 50-day and 200-day SMAs) would be key for maintaining bullish momentum.
As the Fartcoin price aims for a continued rally, some investors are turning to the blockbuster meme coin presale Flockerz (FLOCK). According to 99Bitcoins, a popular crypto channel on YouTube with over 721K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Races Toward $10 Million—Last Chance To Buy
Flockerz has reached a significant milestone by raising $9.9 million in its presale. The project stands out from typical meme coins because of its FlockTopia DAO.
The key innovation is that FLOCK holders can earn more tokens by voting on important decisions. Here’s how it works: when someone acquires FLOCK, they automatically join FlockTopia.
Are we talking to ourselves here?! 🐦
With $FLOCK you can vote AND earn 🔥🚀 pic.twitter.com/1o6AKYL0QT
— Flockerz (@FlockerzToken) January 5, 2025
They can then vote on things like marketing strategies and token burns, and the smart contracts reward participants with extra tokens.
Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 277%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at $0.0066883 each using BNB, ETH, USDT, or bank card.
Buy before the token launches in about 8 days.
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