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The Fartcoin price surged over 11% in the last 24 hours to trade at $1.24 as of 10:16 p.m. EST as investors rush to buy the meme coin.
This recent gain by the FARTCOIN price has added to the altcoin’s impressive performance over the past month. As a result, the crypto is more than 171% in the green on the longer-term 30-day time frame.
Fartcoin Price Forms A Positive Trend Line And Breaks Resistance
Daily chart for FARTCOIN/USD (Source: GeckoTerminal)
The Fartcoin price has formed a positive trend line on its daily chart after a series of higher lows in the last week, according to data from GeckoTerminal. This has enabled the meme coin to overcome the resistance at $1.2245 in the last 24 hours. Now, the crypto has the technical foundation to rise to as high as $1.4191 if bulls choose to capitalize on the opportunity.
However, a drop to back below the $1.2245 mark in the next 24 hours could be followed by a bearish trend reversal. In this alternative scenario, the Fartcoin price might test the $1.0599 support, which is also confluent with the positive trend line. As such, a drop below this point could confirm that the meme coin has entered a new negative trend.
Technicals Suggest The Fartcoin Price Could Go Either Way In The Short Term
Looking at technical indicators on the daily chart, bulls seem to have the upper hand over sellers at the moment. However, sellers could still overpower buyers and push the Fartcoin price down.
Over the past few days, Relative Strength Index (RSI) readings have risen from the low to high 60s. This indicates growing buyer strength. However, the indicator has started to stall around 69, which is near overbought territory. If traders react negatively to the overextended conditions, it could lead to a retracement in the Fartcoin price.
The Moving Average Convergence Divergence (MACD) line is currently positioned bullishly above the MACD Signal line. This suggests the Fartcoin price is in a bullish trend. However, similar to the RSI, the MACD line has started to level off. This could result in a bearish crossover of the MACD and Signal line if the margin between the two technical indicators starts to shrink.
As bulls and bears battle it out on FARTCOIN’s charts, investors continue to buy into the presale for new meme coin rival BTC Bull Token (BTCBULL).
Many experts have stepped forward to share their bullish predictions for BTCBULL. Among them is an analyst from the 99Bitcoins YouTube channel. In a recent video to the channel’s more than 725K subscribers, the analyst said BTCBULL has the potential to soar 10X after its launch.
BTCBULL Investors Stand To Receive Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin launched on the belief that the largest crypto by market cap will rise all the way to $1 million per coin, possibly even higher. As the BTC price soars to new heights, BTCBULL investors will receive airdropped Bitcoin at certain price milestones.
The first airdrop will take place when Bitcoin reaches $150K for the first time. Thereafter, every new $50K milestone will also be celebrated with an airdrop. This essentially gives BTCBULL holders a much cheaper way to gain BTC exposure compared to if they were to buy the crypto directly.
There is also BTCBULL’s high growth potential that makes the meme coin appealing. The chances of the crypto’s price rallying are amplified by the project’s scheduled token burns, which will also happen at certain Bitcoin price milestones. Tokens will be permanently removed from the supply with every $25K rise in BTC’s price, starting at $125K.
With institutions aggressively loading up on Bitcoin, BTCBULL could be the smartest BTC play in the market. Given its meme coin appeal, growing scarcity through token burns, and the demand from investors looking to get in on the BTC airdrops, the meme coin is poised to skyrocket after its launch.
Investors Rush To Buy BTCBULL At Presale Prices
BTC Bull Token is pulling investors in at a rapid pace through its ongoing presale, which has already raised over $5.1 million in early-stage funding.
There’s still time left for investors to get in at this ground level. Selling for $0.00249, BTCBULL can be bought with either crypto or bank card via the easy-to-use widget embedded on the project’s website.
Investors that want to secure the best presale deal will want to hurry, because BTCBULL’s price will undergo a series of scheduled increases as its presale progresses. The next price hike will take place in around 2 days.
Visit the BTC Bull Token website.
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