Fartcoin Price Prediction: FARTCOIN Plunges 19% As Traders Rush To Buy This ICO With Only 1 Day Left
The Fartcoin price has plunged 19% in the last 24 hours to trade at $1.71 as of 7:00 a.m. EST on a 71% drop in trading volume to $265 million. Fartcoin Price Gears For Bullish Reversal The FARTCOIN/USD pair is currently trading at $1.713, and the price is moving within a well-defined bearish channel in the 30-minute timeframe. This downward trend is characterized by lower highs and lower lows, with the price consolidating near a key support level around $1.64. Historically, this level has provided a strong floor, preventing further downside and acting as a potential pivot for a bullish recovery. The 50-period Simple Moving Average (SMA) is positioned at $1.81408, and currently serves as a dynamic resistance. A breakout above this level could signal the beginning of a bullish reversal, with a possible target of $2.40, as highlighted by the upward projection in the chart. FARTCOINUSD Analysis Source: Dextools.io Meanwhile, the Moving Average Convergence Divergence (MACD)...