FARTCOIN price reached a new all-time high on December 20, with its market cap surging to $1.2 billion. However, the token has since experienced a sharp correction, with its market cap now sitting at $882 million after a 30% decline over the last four days. However, it started to recover its trend, rising 33% in the last 24 hours.
Despite the pullback, technical indicators such as RSI and BBTrend highlight a mix of signals, suggesting both bearish pressure and the potential for a rebound. As FARTCOIN price approaches key resistance and support levels, its next move will depend on whether buyers regain control or if the downtrend persists.
FARTCOIN RSI Is Currently Neutral
FARTCOIN’s Relative Strength Index (RSI) is currently at 53.5, up significantly from 36 just a day ago. This rapid increase indicates a strong surge in buying momentum, as the token transitions from an oversold or weak market position into a more neutral zone.
The shift suggests that buyers have re-entered the market aggressively. This movement could potentially reverse recent bearish sentiment and setting the stage for a more balanced or bullish outlook.
RSI is a momentum oscillator that measures the speed and magnitude of price changes on a scale from 0 to 100. An RSI above 70 typically indicates an overbought condition, signaling the potential for a price correction, while an RSI below 30 suggests an oversold condition, often preceding a rebound.
With FARTCOIN RSI at 53.5, it is in a neutral range, indicating that the token is neither overbought nor oversold. In the short term, this suggests room for further upward movement if buying momentum persists. However, the market may stabilize as it approaches higher RSI thresholds closer to 70.
FARTCOIN BBTrend Is Currently Very Negative
FARTCOIN’s BBTrend is currently at -25.45, marking its lowest level since December 7, which indicates significant bearish momentum. This deep negative value suggests that selling pressure has intensified, pushing the coin into a strongly bearish state.
Such low BBTrend levels reflect market conditions dominated by sellers, with little evidence of immediate bullish activity to counteract the downtrend.
BBTrend, or Bollinger Band Trend, is a momentum indicator derived from Bollinger Bands that measures the relationship between an asset’s price and the midpoint of its bands. Positive BBTrend values indicate bullish momentum, while negative values highlight bearish conditions.
With FARTCOIN BBTrend at -25.45, the token is firmly in a bearish zone, suggesting that downward pressure is likely to persist in the short term. However, if this trend begins to stabilize or reverse, it could indicate the start of a recovery, but until then, bearish sentiment is expected to dominate.
FARTCOIN Price Prediction: Can FARTCOIN Return to $1 Levels Soon?
FARTCOIN faces a strong resistance at $0.92, which serves as a critical level for its short-term price trajectory. If this resistance is broken, it could signal a shift in market sentiment. This would allow FARTCOIN price to rally further and test the next significant level at $1.299.
This scenario represents a potential 50% upside from current levels, highlighting the potential for substantial gains if bullish momentum intensifies. This would continue FARTCOIN momentum as one of the most relevant meme coins in the last days.
On the other hand, technical indicators like BBTrend and RSI suggest that the current downtrend may persist.
If bearish pressure continues, FARTCOIN price could experience a sharp correction, dropping to its nearest strong support at $0.55. This would represent a potential 36% decline.
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