Fartcoin Analysis: Fartcoin Price Pumps 39% and encountered a strong resistance at $0.90

The Fartcoin price pumped 39% in the last 24 hours to trade at $0.8331 as of 2 a.m. EST on trading volume that surged 22% to 97.97 million.

The token has skyrocketed 184% in the past seven days and hit an all-time high only two hours ago, when its price climbed to $0.8936

Fartcoin Price Prediction

The Fartcoin price encountered a strong resistance at $0.90 just after managing to breach the one at $0.80, and the new barrier rejected its price. However, the token is signaling that it is not done yet, and its price could retest the new obstacle in the hours to come.

Fartcoin’s Bollinger bands have narrowed slightly after the rejection, but they still remain quite wide, which is a positive sign. Its price dropped from the upper band to the middle level, and continued to descend toward the lower band. However, before it reached the bottom, it started recovering already, giving off a very bullish signal.

The token’s Relative Strength Index (RSI) mirrors this behavior, with its value reaching the start of the overbought zone at 70 around the time of the ATH. Then, it started dropping as traders decided to take profit, which is what caused the rejection.

However, as soon as the price reached the neutral zone at 50, a new wave of buyers started making their moves, which is now causing a recovery. This suggests that traders are still bullish and are jumping on the opportunity to make money off of the coin, so it might not be too late to buy FARTCOIN for those who are interested in the newly popular cryptocurrency.

FARTCOIN’s market cap is currently at $844 million, and with another bull run, it could potentially reach the $1 billion market cap in days and weeks to come.