FARTCOIN price has increased 7% in the past 24 hours, helping restore the market capitalization to $1.1 billion, ranking FARTCOIN as the 91st largest cryptocurrency and one of the 10 largest Meme Coins. Technical indicators such as DMI and BBTrend show a transition from bearish to bullish conditions, with increased buying pressure and improving market sentiment.
The EMAs signal the possibility of a ‘golden cross’, suggesting a potential upside that could push FARTCOIN to a new all-time high at $1.61. However, critical support at $0.92 must hold to avoid a possible 51% correction.
FARTCOIN’s DMI Shows Changing Trends
FARTCOIN’s DMI shows ADX at 29.5, down from 41.1 four days ago. This shows bearish trend strength as the market transitions from a downtrend to an uptrend.
+DI rose sharply to 30.6 from 13 two days ago, indicating increased buying pressure, while -DI fell to 13.2 from 28.7, indicating reduced selling pressure.
This transition shows that buyers are in control, supporting the uptrend, but momentum needs to be maintained to continue towards higher levels.
FARTCOIN’s BBTrend Has Turned Positive
FARTCOIN’s BBTrend is currently at 0.48, turning positive for the first time since January 8 after peaking negative -59.9 on January 12. This transition signals a trend from bearish turned bullish, suggesting market sentiment is improving as Meme Coins recover from the recent correction.
BBTrend, or Bollinger Band Trend, measures price deviations from the Bollinger bands to evaluate the strength and direction of the trend. Positive values indicate bullish momentum, while negative values reflect a bearish trend.
With FARTCOIN’s BBTrend now turning positive, this shows that buying pressure is returning, potentially supporting a price recovery if the trend continues.
FARTCOIN Price Prediction: Could It Hit a New High in January?
FARTCOIN’s EMAs are showing a bullish setup, with the short-term EMA crossing above the long-term EMA to form a golden cross. This pattern typically signals a potential uptrend and if confirmed, FARTCOIN could test resistance at $1,299.
Breaking this key level could lead to further upside, pushing the price towards $1.61 and setting a new high, underscoring the strong bullish momentum. If that happens, FARTCOIN could surpass other Meme Coins such as BRETT, FLOKI and WIF in market capitalization.
Conversely, if the trend reverses, FARTCOIN price could retest the support at $0.92. If this support fails, it could result in a deeper correction, with the price possibly dropping to $0.74 or even $0.55, representing a significant drop of 51%.