In the latest recovery, Fartcoin is gaining much traction as it enters the daily top-gainer spot with a notable surge in the last 24 hours. This came due to a recent rebound and is now poised for a rally.
Few altcoins, along with Fartcoin, are on the spotlight today as the market recovers following the latest increase in Bitcoin’s price. Registering a major gain, the price broke out of a monthly resistance yesterday and currently looks set for a bullish move, although it has slowed down buying today.
This came due to a rejection and is now slightly weak on the day. It aims to retest the $0.7 level flipped as hourly resistance-turned-support during yesterday’s surge. A buyback should be expected once a retest is made.
With the new bullish setup, a huge price movement should be expected. The only condition for bearish lies in a dip below last month’s low.
Looking at the asset from when it was launched into the market in late October 2024, it is still in gains despite the wide market correction this year. Bigger gains can be expected as soon as the price breaks out of its previous high.
With a max supply of one billion, FARTCOIN’s market cap is currently $728 million, after increasing by over 210% in the past month. Aside from that, other Solana-based tokens have posted gains in the past hours.
FARTCOIN’s Key Levels to Watch
Once it resumes buying pressure, the immediate resistance for this asset is located at $0.936, along with $1.6. The main resistance level to watch for a break-up is $2.74 – marked in January.
The current surge is supported by the $0.355 level. A fall below it could roll us back to March’s $0.199 low with a potential dip to $0.1.
Key Resistance Levels: $0.936, $16, $2.74
Key Support Levels: $0.355, $0.199, $0.1
- Price: $0.72
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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