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The Fartcoin price surged 20% in the last 24 hours to trade at $0.8598 as of 10:18 p.m. EST as investors rush to buy the crypto.
With the recent rally, the FARTCOIN price has extended its positive weekly performance to over 100%. The meme coin is also up more than 236% on the longer-term monthly time frame.
Fartcoin Price Breaks A Major Resistance
4-hour chart for FARTCOIN/USD (Source: GeckoTerminal)
The Fartcoin price breached the resistance level at $0.7583 in the last few hours, data from GeckoTerminal shows. If the meme coin closes a 4-hour candle above this technical barrier within the next 8 hours, it could have the foundation needed to continue rising.
Traders might then push FARTCOIN to above $0.9080 and potentially as high as $1.0577 in the short term if the bullish pressure persists.
However, failing to establish a position above $0.7583 could lead to a more bearish scenario playing out. In this alternative scenario, traders will likely try to realize some of their profits, if not all of their profits, from the recent rally.
The potential sell volume could weigh the Fartcoin price down to the key support at $0.6273.
Bulls Still Have Control Of The Fartcoin Price And Could Push It Up Higher
From a technical standpoint, it seems bears will have their work cut out for them if they want to bring an end to FARTCOIN’s surge. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the 4-hour chart suggest the meme coin’s price might keep climbing through the course of the next few hours.
That’s after the MACD line started breaking away above the MACD Signal line in the last couple of hours. While the current alignment of the two lines in respect to each other suggests FARTCOIN is in a positive cycle, the growing margin between them could be interpreted as an indication that the meme coin’s bullish momentum is picking up steam.
RSI readings have also risen from the low 60s to the low 70s in the last 24 hours, which could suggest growing buyer strength.
However, traders will want to keep an eye on the RSI. Oftentimes high RSI readings are seen as a sell signal because they indicate that a crypto’s downside potential is greater than its upside potential.
There are instances where RSI values remain high for a sustained period of time, usually when a crypto is pumping. Given the recent rally, this might be the case in this instance.
As the Fartcoin price looks to keep its bullish move alive, investors are also piling into a presale meme coin called BTC Bull Token (BTCBULL).
Several experts have shared their bullish predictions for BTCBULL. Among them is YouTube channel 99Bitcoins, which has over 725K subscribers and predicts 10X gains for investors once the meme coin launches.
A Meme Coin Offering Affordable BTC Exposure
Bitcoin has managed to recover to above $80K after a recent drop below this psychological point due to the ongoing US-China trade war. Despite being down 26% from its all-time high, BTC is still too expensive for many investors, leading them to seek cheaper ways to gain Bitcoin exposure.
BTC Bull Token not only offers investors free Bitcoin, it also has high-growth potential given its meme coin appeal.
The project aims to support BTC as it rises to $1 million per coin and beyond, which, considering the turbulence in the traditional stock markets, might happen sooner than everyone thinks.
This makes now the perfect time to buy BTCBULL, which rewards its token holders with Bitcoin airdrops and BTCBULL token burns as the largest crypto by market cap soars to new heights.
The next Bitcoin airdrop will happen when BTC reaches $150K for the first time. Thereafter, every $50K increase will result in free BTC being distributed to token holders.
When it comes to the token burns, the first decrease in supply will happen when Bitcoin hits $125K for the first time. Thereafter, every $25K increase in the leading crypto’s price will also permanently remove tokens from the BTCBULL supply.
The chance at free Bitcoin could be too good of an opportunity for investors to pass on, which might result in a buying frenzy. Coupled with the reducing supply, the heightened demand could lead to a massive rally for BTCBULL.
Investors Pour Over $4.5M Into BTCBULL’s Presale
BTC Bull Token has raised over $4.5 million through its presale already, signaling strong market demand for the meme coin.
Interested investors can buy BTCBULL for $0.002455 apiece via the widget embedded on its website using either crypto or bank card.
Investors will want to act fast, because BTCBULL’s price will increase in around 31 hours.
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