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The Fartcoin price pumped 7% in the last 24 hours to trade at $1.30 as of 10:21 p.m. EST as traders go long on the altcoin.
The recent gain by the FARTCOIN price has pushed the crypto’s monthly performance deeper into the green zone to more than 43%.
Fartcoin Price Has Two Major Technical Obstacles To Overcome
4-hour chart for FARTCOIN/USD (Source: GeckoTerminal)
The Fartcoin price has traded within a sideways channel between $1.1527 and $1.3072 over the past few days, data from GeckoTerminal shows. Now, the meme coin is attempting to break above the upper barrier of this sideways range, which also coincides with a medium-term negative trend line that has formed on the crypto’s charts.
If buyers manage to push the Fartcoin price above both of those obstacles in the next 24 hours, it could lead to a bullish shift in momentum and power for the meme coin. FARTCOIN might then enter into a relief rally, which could push the meme coin’s price up to as high as $1.4693.
However, a rejection from the $1.3072 resistance in the next 24 hours could stop the Fartcoin price in its tracks. In this more bearish scenario, the meme coin could end up testing the lower barrier of the aforementioned consolidation channel it has been in over the last couple of days at $1.1527.
Technicals Suggest The Fartcoin Price Might Keep Rising In The Next 24 Hours
From a technical perspective, indicators on FARTCOIN’s 4-hour chart suggest the meme coin’s price might continue to rise in the next few hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish.
In the last 24 hours, the MACD line crossed above the MACD Signal line. This is a classic bullish technical flag that is generally seen as an indication that a crypto has entered a positive short-term trend. With the gap between the two lines now growing, it appears FARTCOIN’s momentum is starting to pick up steam.
The RSI also broke above 50 in the last 24 hours, signaling that buyers have gained an upper hand against sellers. While the RSI has started to level off, it is still positioned above 50. This, coupled with the recent technical flag triggered by the MACD, suggests this leveling off might just be a brief pause before the indicator starts to rise again along with the Fartcoin price.
As the FARTCOIN price tries to overcome two major technical barriers, investors are also piling into the presale for BTC Bull Token (BTCBULL).
Multiple experts have shared their bullish predictions for BTCBULL. Among them is popular YouTube channel 99Bitcoins, who told its over 723K subscribers in a recent video that the new crypto could soar 10X after launch.
A Meme Coin That Gives Its Investors Free Bitcoin
BTC Bull Token is a new meme coin project that aims to support the leading crypto on its journey to $1 million per coin. As Bitcoin soars to new heights, the project will reward its investors with BTC airdrops and BTCBULL token burns at specific price milestones.
The first Bitcoin airdrop will happen when BTC hits $150K for the first time. Thereafter, every $50K milestone the crypto market leader achieves will result in another airdrop. The BTCBULL token burns will follow the same milestone-based schedule, but will happen with every $25K increase by Bitcoin’s price, starting at $125K.
The potential to receive free Bitcoin by holding BTCBULL could lead to high levels of demand for the meme coin. If this happens while the token burns continuously shrink the BTCBULL supply, it could result in a favorable supply and demand ratio for the token. This might then lead to the 10X rally forecasted by 99Bitcoins.
BTCBULL’s ICO Blasts Past $6M – Best Crypto To Buy Now?
BTC Bull Token is pulling investors in at a rapid pace during its ongoing presale, and has already raised more than $6 million in early-stage funding.
Investors that want to get in on this ground level of the project can do so by purchasing BTCBULL via the easy-to-use widget embedded on the project’s website. Selling for $0.00252, BTCBULL can be bought with both crypto or bank card. Tokens can also be staked for an attractive 68% APY, meaning investors don’t need to wait until after the meme coin’s launch to start seeing growth in their position.
Interested investors will want to hurry though, because BTCBULL’s price will undergo a series of presale increases as the ICO progresses. The next price hike will take place in around 6 hours.
Visit the BTC Bull Token website.
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