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The Fartcoin price surged over 10% in the last 24 hours to trade at $1 as of $10:18 p.m. EST as investors rush to buy the meme coin.
The strong rise in the FARTCOIN price has pushed the crypto’s weekly performance to more than 11% in the green.
Fartcoin Price Breaks Resistance And Tries To Overcome Another Obstacle
4-hour chart for FARTCOIN/USD (Source: GeckoTerminal)
The Fartcoin price broke above the resistance level at $0.9073 in the last few hours, according to data from GeckoTerminal. Now, the meme coin is attempting to flip the next major barrier at $1.0586 into support. Should bulls manage to push FARTCOIN above this obstacle, they could clear the room for the altcoin to continue rising in the short term.
However, a drop to back below the $0.9073 mark or a rejection from the $1.0586 resistance in the coming few hours could lead to a more bearish scenario playing out in the following few hours. In this alternative case, the Fartcoin price might test the $0.7653 support. Thereafter, continued pressure from sellers could result in a drop to as low as $0.6187.
Technicals Suggest The Fartcoin Price Might Keep Climbing In The Next 24 Hours
From a technical standpoint, indicators on FARTCOIN’s 4-hour chart suggest the meme coin’s price might keep rising through the course of the next 24 hours. More specifically, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest buyers currently have the upper hand over sellers on the short-term time frame.
That’s after the MACD line crossed above the MACD Signal line in the last few days. This technical event is often interpreted as a sign that a crypto has entered a positive trend. The gap between the MACD and Signal line is also growing, which could indicate that SOL’s bullish momentum is picking up steam.
Meanwhile, RSI readings have soared from the neutral 50 level to 60 in the last 24 hours as well, signaling increasing buyer strength. SOL also still has room to climb before it enters overbought territory, which is often indicated by an RSI reading above 70.
While FARTCOIN tries to keep rallying, investors are also buying into a new meme coin called BTC Bull Token (BTCBULL). According to popular YouTube channel 99Bitcoins, which has over 725K subscribers, the meme coin has the potential to soar 10X after its launch.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that was launched on the strong conviction that the largest crypto by market cap’s price will soar to above the $1 million mark. As the BTC price reaches new milestones, the project will reward its token holders with BTC airdrops and BTCBULL token burns at certain price milestones.
The next Bitcoin airdrop will be when BTC’s price reaches $150K for the first time. Thereafter, every subsequent $50K milestone will result in free Bitcoin being distributed to BTCBULL token holders through airdrops.
Meanwhile, the next BTCBULL token burn will be when BTC hits $125K for the first time. Every new $25K milestone thereafter will also permanently remove tokens from the supply.
These token burns are meant to simulate BTC’s ever-growing scarcity, and will make BTCBULL more valuable as its supply shrinks. Combined with the demand from investors looking to get in on the BTC airdrops, BTCBULL could end up rallying shortly after its launch.
Investors Rush To Buy BTCBULL At Presale Prices
An investor frenzy has erupted around BTC Bull Token’s ongoing presale, which has already raised more than $4.8 million in early-stage funding. With the bullish predictions from experts like 99Bitcoins, the chance to receive free Bitcoin, and the project’s meme coin appeal, it’s no wonder investors are rushing to buy BTCBULL during its ICO.
There’s still time left for interested investors to get in on this ground level. Selling for $0.002475, BTCBULL can be bought with both crypto or bank card through the easy-to-use widget embedded on the project’s website. Once bought, the tokens can also be locked up in the project’s presale staking pool for an 84% APY.
Buyers that want to lock in the best rate will want to act fast, because BTCBULL’s price will undergo a series of staged increases as its presale progresses. The next price hike will be in around 2 days.
Check out BTC Bull Token on its official website.
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