Join Our Telegram channel to stay up to date on breaking news coverage
The Fartcoin price surged more than 35% in the past week after a slight uptick in the last 24 hours to trade at $1.65 as of 7:04 a.m. EST.
This comes as open interest in futures tied to the meme coin soar to over $1 billion, making the crypto the 10th largest token based on derivatives open interest.
That places the meme coin ahead of crypto giants including Litecoin (LTC), Chainlink (LINK), and Avalanche (AVAX).
Fartcoin Price At A Technical Resistance, Can It Push Through?
Daily chart for FARTCOIN/USD (Source: GeckoTerminal)
The Fartcoin price has been in a positive trend over the past few days, and is now attempting to break above a resistance level at $1.6824, data from GeckoTerminal shows. Should the meme coin overcome this technical barrier within the next 24 hours, it might clear the room needed to rise to as high as $2.0808. This would mark a more than 21% gain from the current price.
That bullish thesis might, however, not play out if the Fartcoin price fails to close a daily candle above $1.6824 within the next 48 hours. In this more bearish scenario, the crypto could fall to the immediate support level at $1.4831. Continued sell pressure at this level might then result in a plunge to as low as $1.2365.
Fartcoin Price Technicals Still Bullish
Looking at technical indicators on the daily chart, indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) still lean bullish but show signs of overextension.
Momentum still favors bulls, as suggested by the MACD line that is positioned above the MACD Signal line. With the gap between the two lines widening, it appears the altcoin could keep climbing looking at just the MACD indicator.
However, traders will want to keep an eye on the RSI, which is nearing overbought territory (indicated by an RSI value at 70 or above). If traders react to the overextended conditions, it might lead to a correction for the Fartcoin price.
Some buyers seem to have already exited the meme coin’s charts, with the RSI sloped downward. The slight drop in the indicator’s value could just be another breather before another leg up, but it might also lead to a bearish trend reversal if sellers start to swarm the crypto’s order books.
While the Fartcoin price tries to clear resistance as open interest surges, investors are also buying into a new project called Snorter Token (SNORT). 99Bitcoins, a popular YouTube channel with over 723K subscribers, says SNORT could soar 10X after its launch.
Snorter Bot Helps Find The 1,000X Crypto Gems
The soaring open interest for Fartcoin suggests the frenzy around meme coins is returning. This means that the parabolic surges that have made the meme coin space what it is are about to return, which is perfect for Snorter Token and the project’s lightning-fast trading bot.
With the Snorter bot, users can snipe new tokens as they emerge, swap them at sub-second speeds, copy other top traders, and even monitor their portfolio in real-time, all from the Telegram messaging app.
While trading new tokens can be risky, Snorter bot users can trade with the peace of mind that the bot is constantly on the look out for scams and rugpulls. So far, the bot has shown an 85% success rate in flagging and protecting users from sham projects.
All of that trading power also comes with the lowest fees on the market. By simply holding SNORT tokens, users slash their execution costs from 1.5% to 0.85%.
SNORT Presale Hits $2.3 Million
Snorter Token has raised over $2.3 million in early-stage funding, signaling strong investor confidence in the project’s future.
There’s still time left for investors to get in at this ground level of the project. Interested investors can acquire SNORT tokens via the simple widget embedded on the project’s website. Selling for $0.0991, investors can purchase SNORT using either crypto or bank card.
Once bought, tokens can also be locked up in the presale staking pool for additional rewards. Currently, the pool offers a huge 179% annual return.
Interested investors will want to act fast because SNORT’s price will rise as the ICO progresses. The next presale price hike is in less than 2 days.
Visit the official Snorter Token website to learn more.
Related Articles:
- Cathie Wood’s Ark Invest Buys $175M Stake In Bitmine
- JPMorgan May Offer Loans Backed By Crypto As Soon As 2026: FT
- StepN & Pantone Join To Drop An NFT Sneaker Collection
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
