Fartcoin continues to push higher, sustaining momentum despite mixed signals across the broader crypto market. Over the last 24 hours, the token has climbed by 1.93%, with weekly growth standing at 1.1%.
At the time of writing, Fartcoin is trading at $0.9173, supported by a trading volume of $147.12 million. This figure marks a 29.23% increase compared to the previous day, highlighting stronger market engagement. The market capitalization now sits at $147.12 million, reinforcing investor interest in the asset’s recovery trajectory.
Also Read: Fartcoin Faces Short-Term Dip Amid $5 Billion Market Liquidations
Technical analysis indicates Fartcoin is forming an inverse head and shoulders pattern, a widely recognized bullish reversal setup. The pattern’s left and right shoulders are defined, with the head marking the lowest point. Current trading levels near the $0.9128 position the token close to the neckline zone of $0.95–$0.97.
A successful daily close above this resistance would validate the breakout, potentially driving prices toward the $1.15–$1.20 range. This region is a large cluster of resistances that has stopped prior upside attempts and is hence an important milestone to confirm for the bulls.
The moving averages also affirm a variable market tone. The short-term average has started to turn up and has stabilized the longer-term average. This is an indication to switch from bearish pressure to neutral momentum and a possible bullish crossover if the trend maintains its direction. The volume formations provide further verification of this setup, as recent spikes by buying have joined with upward movements signifying accumulation by traders awaiting a breakout.
The value for RSI stands at 50.46, below the signal line at 53.37, and suggests neutral momentum. Neither oversold nor overbought suggests a consolidation condition. The sideways motion for RSI is a sign of guarded sentiment for the marketplace, whereby traders are waiting for a clear direction.
Meanwhile, the MACD places the MACD line at 0.00776, below the signal line at 0.06334, with the histogram at -0.05558. The bearish pressure is still there, but narrowing bars for the histogram indicate declining downside momentum. The MACD crossover would affirm bullish momentum if buying pressure takes over.
Also Read: FARTCOIN’s Elliott Wave Pattern Signals Potential 150% Price Surge
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