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The Fartcoin price soared 17% in the last 24 hours to trade at $1.25 as of 6:22 a.m. EST as investors rush to buy the crypto.
With the latest rally, the FARTCOIN price has extended its positive weekly performance. As a result, the meme coin is up more than 30% on the 7-day time frame.
Fartcoin Price Breaks Base Of A Bullish Channel
Daily chart for FARTCOIN/USD (Source: GeckoTerminal)
The Fartcoin price broke above the base of a rising triangle pattern that formed on its daily chart over the past couple of days, data from GeckoTerminal shows. This is a bullish continuation pattern, with the break above the $1.1821 barrier (the base) clearing room for the meme coin’s price to rise to as high as $1.4432 if the pressure from buyers persists.
In the event that the Fartcoin price fails to close today’s daily candle above the triangle’s base, the bullish scenario might not play out. In this alternative, more bearish case, the meme coin could end up falling to the support level at $0.9343. Continued bearish pressure at this level might then result in a drop to as low as $0.7734 if bulls don’t step in.
Technicals Point To Continuation Of Fartcoin Price Rally
Supporting the bullish continuation signalled by the rising triangle pattern are technical indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). These technicals suggest the Fartcoin price has the backing from bulls needed to continue climbing in the next 24 hours.
That’s after the MACD line started to break away above the MACD Signal line over the past 48 hours. The growing gap between these two lines is often seen as an indication of strengthening bullish momentum.
Meanwhile, RSI readings have broken above the neutral 50 mark, a potential signal that buyers have gained confirmed control of the Fartcoin price.
With the recent breakout above the base of a rising triangle pattern, coupled with the bullish signs from the MACD and RSI on the daily chart, FARTCOIN seems poised to hit the $1.4432 barrier in the short term.
However, a sudden change in the broader market’s trend could lead to a daily close today below $1.1821 and possibly invalidate the bullish thesis.
As the Fartcoin price looks to keep its surge going, investors are also buying into the presale for SUBBD Token (SUBBD). According to crypto analyst and YouTuber ClayBro, who has over 136K subscribers, SUBBD could be “one of the best new cryptocurrencies to buy now.”
SUBBD Looks To Challenge OnlyFans
SUBBD is a decentralized content creation platform that aims to go head-to-head with OnlyFans to dominate the $85 billion content subscription industry. What gives SUBBD an edge over its competitor is its unique blend of crypto and AI in its platform.
With AI, the platform offers creators a solution that can automatically take care of time-consuming tasks such as research, optimization and so much more. This essentially gives them more time to focus on engaging with their loyal fans, enabling an unprecedented experience powered by true connection.
On top of taking over time-consuming admin tasks, the SUBBD platform’s native SUBBD token ensures that there are no middlemen involved in transactions. This means creators get more of their earnings.
Creators’ fans also benefit on the platform, because the SUBBD token acts as a key that unlocks immersive experiences, VIP bonuses, custom content requests, and so much more. Fans also have access to a passive income, and can stake the SUBBD tokens for an attractive 20% APY.
With everything the platform has to offer, it’s easy to see why 2,000 top-tier creators have already signed up on SUBBD. Their combined following stands at an impressive 250 million fans. That’s a lot of potential SUBBD Token users, and could lead to strong upside pressure on the crypto’s price once it goes live as fans take full advantage of the platform’s benefits.
SUBBD Token Presale Closes On $1 Million
SUBBD Token’s presale has already raised over $734K as investors rush to get in on the project at this early stage.
Interested investors can participate in the ICO by purchasing SUBBD tokens via the easy-to-use widget embedded on the project’s website. Selling for $0.055825, SUBBD can be bought with both crypto or bank card.
Anyone looking to buy SUBBD at the best presale price will want to act fast, because the token’s price will increase as the ICO progresses. The next presale price increase will happen in around 2 days.
Visit the official SUBBD Token presale.
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