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The Fartcoin price surged 21% in the last 24 hours to trade at $1.24 as of 1:36 a.m. EST, while trading volume skyrocketed 79% to $259 million.
Fartcoin Price On A Recovery, Bounces Off Main Support
The FARTCOIN price on the daily chart reveals a notable evolution from a period of accumulation to a clear bullish breakout, followed by a corrective phase.
After bottoming out near $0.20 in March, the Fartcoin price staged a strong rally, reaching a high around $2.79 before retracing. FARTCOIN currently trades at approximately $1.2459, displaying signs of stabilization and renewed upward interest, GeckoTerminal data shows.
A visible rising channel formed when the uptrend from March to May was recently broken to the downside, suggesting a correction.
However, the price of Fartcoin action has found strong support in the $1.0 to $1.12 region, corresponding closely with the 0.618 Fibonacci retracement level and a previously established demand zone.
FARTCOIN has now crossed slightly above the 50-day Simple Moving Average (SMA), indicating that the bulls are gaining some momentum.
Meanwhile, the Relative Strength Index (RSI) sits at 54.32, reflecting a shift from previous oversold conditions into neutral-to-bullish territory. This suggests that the recent bounce has underlying strength, but there is still room for upward movement.
Furthermore, the Moving Average Convergence Divergence (MACD) lines are converging, with the blue MACD line just crossing slightly above the orange signal line, and the histogram bars are turning light red. This early bullish crossover indicates that bearish momentum is fading, and a potential bullish reversal may be underway.
FARTCOIN Price Prediction
Fartcoin appears to be emerging from a healthy correction phase and re-entering a bullish setup.
The successful defense of the 0.618 Fibonacci support zone and the reclaim of the 50-day SMA indicate buyers are stepping back in.
If bullish momentum continues and the MACD crossover holds, Fartcoin could challenge the 0.5 Fib level at $1.43 in the short term. However, failure to hold above the $1.20 zone would invalidate this outlook and potentially send the price of FARTCOIN back toward $1.11 or lower.
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BTC Bull Token Presale Rushes Past The $7 Million Milestone
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