Fartcoin (FART) continues to grab attention in the cryptocurrency world, firmly in the spotlight. With expectations of a potential new rally, is it worth investing before Fartcoin hits the long-awaited $5 mark?
Since the beginning of March, the memecoin Fartcoin has been steadily climbing, displaying successive highs and lows. After consolidating above the $0.70 threshold, the token pushed towards a local high near $0.95 before retracing slightly.
This correction appears to be part of an upward trend, with a strong support now building around the $0.80 zone. Previous resistances have turned into a solid base. Technical indicators support this positive momentum.
The price is still bullish and trading well above the 21, 100, and 50-day exponential moving averages, indicating strong support in the current range. The RSI, after entering oversold territory above 70, is now trading around 55, providing room for further growth.
The volume remains healthy, reinforcing the bullish scenario. If the bulls maintain the $0.90 level, a move towards $1 seems increasingly likely. A drop below $0.80 could trigger a test of support at $0.70, but the overall structure remains bullish.
In case of a decline, crucial support levels are at:
Some community members are now predicting Fartcoin to reach $5, or even up to $12 for the most optimistic. Although these targets may seem extreme, the memecoin market often surprises, especially when driven by strong community enthusiasm.
The Fartcoin community continues to grow. Over 70,000 users now follow its official account on X (formerly Twitter). FARTCOIN is the most traded token according to the latest data. It has also been ranked number one among the 11 trendiest cryptocurrencies on CoinGecko and holds a prominent position daily.
Crypto influencers and traders maintain a pronounced bullish sentiment. Many have already positioned themselves on FARTCOIN, expecting significant appreciation. Compared to other trendy memecoins like WIF, BONK, or TRUMP, analysts and fans view Fartcoin as the next big winner.
Moreover, it is the favorite memecoin of whales. A whale who sold at $0.86 last week bought the token at $0.89 yesterday, indicating a bullish sentiment. However, the sentiment remains mixed, as reflected in the price consolidating between 98 and 80 cents for several days.
Indeed, according to OnChainLens, a whale sold over $3 million worth of Fartcoin in the past few hours.
But this demonstrates that Fartcoin is attracting significant liquidity, positioning it as a token to closely watch in case of a Bitcoin uptrend.
If you’re looking to purchase the memecoin, here’s a guide to buy on the Bitget exchange right now:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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