Fartcoin Price Prediction: FARTCOIN Leads Losers On CoinMarketCap With 5% Drop As Experts Say This Trading Bot ICO Could Print 10X Gains For Investors

The Fartcoin price plunged 5% in the last 24 hours to trade at $1.16 as of 10:14 p.m. EST as traders start to short the meme coin.

As a result of the recent pullback by the FARTCOIN price, the altcoin has emerged as the biggest 24-hour loser on CoinMarketCap.

Fartcoin Price Could Soon Undergo A Strong Move

Daily chart for FARTCOIN/USD (Source: GeckoTerminal)

A symmetrical triangle pattern has formed on the daily chart for the Fartcoin price, according to data from GeckoTerminal. This is usually a breakout pattern, and suggests the meme coin’s price could enter into a strong move in either direction. However, it gives no indication of which direction the movement will be in.

If the Fartcoin price breaks out towards the upside, it could end up flipping the resistance level at $1.4321 into support. Thereafter, the altcoin might clear the room needed to keep rising in the short term.

Conversely, a breakdown of the Fartcoin price could lead to a test of the nearest support level at $1.1664. Dropping below this mark might then result in a plunge to as low as $0.9347, which is the next key support level.

Bears Might Try To Push The Fartcoin Price Down Even Lower

From a technical point of view, indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) warn the Fartcoin price might drop through the course of the next 24-48 hours. 

That’s as the MACD line collapses towards the MACD Signal line on the daily chart. A cross between the two technical indicators, with the MACD dropping below the Signal line, could indicate that FARTCOIN has entered a negative short term trend.

Meanwhile, the RSI recently dipped below the neutral 50 point, signaling that sellers have gained an upper hand in terms of strength. What’s more, the slight downward slope warns bears might keep exerting sell pressure on the Fartcoin price in the short term. 

In addition to the bearish warnings presented by the MACD and RSI on the daily chart, the wick above the latest daily candle suggests there is a lot of sell pressure on the meme coin’s price. If sellers are able to overwhelm buyers, it could result in a drop below the aforementioned $1.1664 support. This could then lead to a bearish validation of the symmetrical triangle pattern.

As traders wait for a confirmation of what FARTCOIN’s next move will be, investors are buying into the presale for Snorter Token (SNORT). Popular YouTube channel 99Bitcoins, which has over 723K subscribers, says the new token has the potential to soar 10X after its official launch.

Snorter Token Turns Telegram Into A Personalized Trading Dashboard

Snorter Token is a new crypto trading bot project looking to disrupt a market currently dominated by the likes of BonkBot and Trojan. Unlike its competitors that tend to operate through browser-based tools, the Snorter Bot functions directly within Telegram. 

That means that users can snipe tokens, copy other successful traders, perform sub-second swaps and monitor their portfolios in real-time all within the popular messaging app. 

Another area where the Snorter Bot stands out is fees. SNORT tokens get to perform trades at a low 0.85% fee, allowing them to perform more frequent trades without having to worry about fees eating away at their portfolios too much.

In addition to that, the bot also comes with advanced MEV protection and honeypot scam detection. This means the bot is one of the few solutions in the market that prevents users from being front-run by MEV bots and also protects them from potential scam tokens.

SNORT Presale Blasts Past $1 Million

While still in presale, there is already strong demand for SNORT and its associated bot. So far, the project has managed to raise over $1 million in early-stage funding through its ongoing presale, signaling strong investor confidence in the project’s future.

Interested investors can participate in the presale by purchasing SNORT via the simple buy widget embedded on the project’s website. Selling for $0.0953, SNORT can be bought with both crypto or bank card. Tokens can then also be staked for a 291% APY, so investors won’t have to wait until after the meme coin’s launch to start seeing their portfolios grow.

Anyone looking to lock in the best presale deal will want to hurry, because SNORT’s price will undergo a series of staged increases as the ICO progresses. The next price hike will happen in around 7 hours.

Visit the Snorter Token website to learn more.

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