Fartcoin Pumps 32%: Is It A Rally Or A Reversal Next?
- Fartcoin has climbed to $1.17, posting a 32% increase.
- The daily trading volume has jumped by over 95%.
After the market crash, crypto assets opened the day on a brief recovery note. The largest asset, Bitcoin, has approached $79.9K, with other assets mirroring the uptick. Meanwhile, Fartcoin leads the gainers list with a 32.46% jump.
In the early hours, Fartcoin traded within the bottom range of $0.4123. Gradually, the bullish shift helped the asset mount to a peak of $0.6057. At press time, Fartcoin trades at around $0.5781 with its daily trading volume reaching $367 million.
Fartcoin has gained over 131% in the past thirty days. The asset began trading within the $0.2038 and later hit a monthly high of $0.6312. The price managed not to fall below $0.35 and reached the current trading level.
Is Fartcoin’s Rally Built to Last?
The four-hour price trajectory of Fartcoin reflects the positive momentum. The asset has the potential to push the price higher to the $0.6038 range. Assuming a further upside, it could test the crucial resistance at $0.6050.
Contrarily, if the bears took control of the asset, the price could fall to $0.5876. In case Fartcoin fails to hold this level, the price might sharply decline and retest the $0.57 mark and may pull back to its former lows.
Fartcoin’s Moving Average Convergence Divergence (MACD) line has crossed above the signal line, implying an upward price movement. Besides, the Chaikin Money Flow (CMF) indicator at 0.02 hints at a brief money inflow. Meanwhile, Fartcoin’s daily trading volume is up by over 95.17%.
Moreover, the asset’s daily relative strength index (RSI) at 68.40 is nearing the overbought territory. The Bull Bear Power (BBP) reading of 0.1565 suggests that the bullish momentum is slightly in control of the market.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Fartcoin Pumps 32%: Is It A Rally Or A Reversal Next?
- Fartcoin has climbed to $1.17, posting a 32% increase.
- The daily trading volume has jumped by over 95%.
After the market crash, crypto assets opened the day on a brief recovery note. The largest asset, Bitcoin, has approached $79.9K, with other assets mirroring the uptick. Meanwhile, Fartcoin leads the gainers list with a 32.46% jump.
In the early hours, Fartcoin traded within the bottom range of $0.4123. Gradually, the bullish shift helped the asset mount to a peak of $0.6057. At press time, Fartcoin trades at around $0.5781 with its daily trading volume reaching $367 million.
Fartcoin has gained over 131% in the past thirty days. The asset began trading within the $0.2038 and later hit a monthly high of $0.6312. The price managed not to fall below $0.35 and reached the current trading level.
Is Fartcoin’s Rally Built to Last?
The four-hour price trajectory of Fartcoin reflects the positive momentum. The asset has the potential to push the price higher to the $0.6038 range. Assuming a further upside, it could test the crucial resistance at $0.6050.
Contrarily, if the bears took control of the asset, the price could fall to $0.5876. In case Fartcoin fails to hold this level, the price might sharply decline and retest the $0.57 mark and may pull back to its former lows.
Fartcoin’s Moving Average Convergence Divergence (MACD) line has crossed above the signal line, implying an upward price movement. Besides, the Chaikin Money Flow (CMF) indicator at 0.02 hints at a brief money inflow. Meanwhile, Fartcoin’s daily trading volume is up by over 95.17%.
Moreover, the asset’s daily relative strength index (RSI) at 68.40 is nearing the overbought territory. The Bull Bear Power (BBP) reading of 0.1565 suggests that the bullish momentum is slightly in control of the market.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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