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The Fartcoin price soared 15% in the last 24 hours to trade at $1.2463 as of 11:40 a.m. EST on trading volume that tumbled 10% to $438 million.
Fartcoin Price Finding Support, Poised For A Reversal
The FARTCOIN price, after facing resistance in late May, went through a sustained retracement to find support around $0.89.
This support allowed the Fartcoin price to rally, which then formed a rounded bottom pattern, often considered a bullish reversal pattern. However, FARTCOIN seems to have invalidated the bullish outlook, with the price now facing resistance at the $1.43 upper level.
However, the drop may be healthy, with the price now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication that buyers still have control.
Meanwhile, FARTCOIN is experiencing some tug-of-war between the bears and the bulls, with the Relative Strength Index (RSI) hovering around the 50-midline level, currently at 52.
The Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing above the orange signal line. The green bars on the histogram also support this narrative, as they extend well above the neutral line.
FARTCOIN/USD Chart Analysis (Tradingview)
FARTCOIN Price Prediction
According to the FARTCOIN/USD chart analysis on the 1-day timeframe, the Fartcoin price is poised for a bullish reversal from the current support, towards the $1.48 resistance. This surge may form the handle side of the cup and handle pattern, which is also a bullish indicator. Additional pressure from the bulls may then push FARTCOIN to target the $1.99 high.
Conversely, if the bears take charge at this level, the price of Fartcoin may then drop to find some cushion around the $1.00 support.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO called Snorter Token (SNORT).
According to Jacob Crypto Bury, a popular crypto analyst on YouTube with over 56.8K subscribers, SNORT could soar 100X on launch.
Snorter Token Presale Races Toward $1 Million – Next Big Crypto?
Snorter Token, featuring a quirky aardvark mascot, is a Solana-based Telegram trading bot that has raised over $948,487 since its presale launch, turbocharged by recent whale purchases of over $200,000.
With a promise to deliver lightning-fast trades and dirt-cheap fees, Snorter is positioning itself as a game-changer for retail traders looking to cash in on the meme coin craze.
Built on Solana’s blazing-fast blockchain, the bot offers sub-second swaps, letting you snipe new tokens before the big players.
Snorter Bot also beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other trading bots.
It also features MEV protection to evade sneaky bot attacks, has rug-pull detection with an 85% success rate, and copy-trading to mimic the moves of top traders.
Additionally, a live dashboard enables you to track your portfolio and profits with ease. In addition to its trading features, annual staking rewards currently sit at a massive 324%. That rate decrease as more investors join, so it’s best to stake early.
Tokens can be purchased at a discounted price of $0.0951 using SOL, ETH, BNB, or a bank card directly on the official website.
Interested investors should buy before the next price increase in about 1 day.
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