The meme coin FARTCOIN has experienced a 27% increase in value over the past week, reaching a new all-time high of $1.47. However, this surge in value has come with heightened market volatility, which poses a risk to further gains. Analysis of the FARTCOIN/USD one-day chart shows that the altcoin is trading above the upper line of its Bollinger Bands Indicator, indicating increased volatility and suggesting that the asset may be overbought. The coin's Average True Range (ATR) has also reached an all-time high, indicating a sudden increase in price movement and heightened volatility. If bullish pressure continues, FARTCOIN may break out in an uptrend and rally further, but if selling activity gains momentum, the coin's price could fall to $0.53.



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