The price of FARTCOIN, a meme coin, has surpassed $1 billion in market cap and is now the 9th largest meme coin in the market. Despite a recent surge of over 30% in the last 24 hours, technical indicators like ADX and BBTrend suggest weak underlying momentum, casting doubt on the sustainability of the uptrend. The ADX is currently at 13.1, indicating weak trend strength, while the BBTrend sits at -10.9, highlighting underlying bearish conditions. If the uptrend continues, FARTCOIN price could test resistances at $1.29, $1.35, and $1.40, but a failure to hold support at $0.92 could lead to a sharp decline with downside targets as low as $0.55. The current uptrend may lack sustainability unless there is strong trend confirmation to counter the weakness suggested by technical indicators.
- Content Editor ( beincrypto.com )
- 2024-12-31
FARTCOIN Price Surges 30% In 24 Hours But Indicators Highlight Risks