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The Fartcoin price pumped 5% in the last 24 hours to trade at $1.01 as of 7:13 a.m. EST as traders enter into long positions for the crypto.
Despite the strong 24-hour performance by the FARTCOIN price, the meme coin is still down on the longer-term weekly and monthly time frames. However, the recent surge could be the start of a continued bullish move for the altcoin.
Fartcoin Price Bounces Off Support
Daily chart for FARTCOIN/USD (Source: GeckoTerminal)
The Fartcoin price rebounded off of a support level at $0.9306 in the last 24 hours, data from GeckoTerminal shows. If the meme coin continues to rise, it could try to flip the nearest resistance level at $1.1784 into support. Successfully overcoming this technical barrier might then result in a climb to as high as $1.4463 in the short term if the buy pressure persists.
That bullish scenario might not play out if the Fartcoin price drops below $0.9306 within the next 24 hours. In this alternative case, traders might start to panic sell the meme coin. FARTCOIN could then end up falling to the next key support level at $0.7297.
Fartcoin Price Rally Could Continue Over The Next 48 Hours
From a technical point of view, bulls seem to be growing stronger against their bearish counterparts. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Fartcoin price might continue to rise heading into the weekend.
MACD Histogram values have gradually become less negative over the past few days, which is a classic sign of weakening bearish momentum. Now, the MACD line is looking to cross above the MACD Signal line. If this happens, traders might see it as a confirmation that the Fartcoin price has entered a bullish trend.
The RSI has also started to tick upward in the last 48 hours. While there has been a minor increase in the indicator’s value during this period, this rise could be an early sign of growing buyer strength. The positive slope also suggests that bulls might keep growing stronger in the next 24 hours.
With the MACD line rising towards the MACD Signal line, and the RSI starting to climb, the Fartcoin price might continue its rally in the short term.
As the Fartcoin price tries to keep its bullish move going, investors are FOMO buying into the presale for BTC Bull Token (BTCBULL) that will end in less than 3 days.
According to influential YouTube channel 99Bitcoins, which has over 723K subscribers, BTCBULL has the potential to soar 10X after its launch.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that wants to support the leading crypto on its journey to $1 million per coin, and possibly even higher. As the crypto king soars to new heights, the project will either distribute free BTC via airdrops to its backers or execute a BTCBULL token burn at certain price milestones.
The first airdrop will happen when Bitcoin breaks above $150K for the first time. Every new subsequent $50K milestone Bitcoin achieves will then trigger another BTC airdrop. This essentially gives investors the opportunity to grow their Bitcoin exposure and profit from the crypto’s gains without having to buy BTC directly.
The opportunity to receive free Bitcoin via airdrops could lead to strong demand for BTCBULL. This potential buy pressure will also likely be amplified by the project’s scheduled token burns, which will slash the BTCBULL supply.
These burns will follow a similar $50K-milestone schedule to the BTC airdrops, but will kick off when Bitcoin breaks above $125K for the first time.
Just Days Left For Investors To Get BTCBULL At Presale Prices
BTC Bull Token has raised over $7.5 million in early-stage funding through its ongoing presale so far, as investors bet big on the project’s future. With just days left until the ICO ends, time is running out for investors to get in at this pre-market stage.
Interested investors that want to position themselves ahead of BTCBULL’s launch can acquire the meme coin via the simple buy widget embedded on the project’s website. Selling for $0.00258, BTCBULL can be bought with either crypto or bank card.
Interested investors should hurry because BTCBULL’s presale will end in less than 3 days.
Check out BTC Bull Token on its official website.
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