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The FARTCOIN price hit a record high on December 20, with market capitalization skyrocketing to $1.2 billion. However, this token has since undergone a sharp correction, with its market capitalization currently at $882 million after a 30% drop in the past four days. However, the trend has begun to recover, increasing by 33% in the past 24 hours.
Despite the correction, technical indicators such as RSI and BBTrend point to a series of signals, indicating both bearish pressure and the possibility of recovery. As FARTCOIN price approaches key resistance and support levels, the next move will depend on whether buyers regain control or the downward momentum can continue.
FARTCOIN RSI Is Currently Neutral
FARTCOIN’s Relative Strength Index (RSI) is currently at 53.5, up significantly from 36 just a day ago. This rapid increase represents a sharp burst of buying momentum, as the token moves from an oversold or weak market position to more neutral territory.
This transformation shows that buyers have returned to the market fiercely. This move could reverse the recent bearish sentiment and create an opportunity for a balanced or bullish outlook.
RSI is a momentum oscillator that measures the speed and magnitude of price changes between 0 and 100. An RSI above 70 typically indicates overbought conditions, signaling a possible price correction, while an RSI Below 30 indicates oversold conditions, which often herald a recovery.
With FARTCOIN’s RSI at 53.5, it is in the neutral range, suggesting that the token is neither overbought nor oversold. In the short term, this suggests there could be further upward movement if the buying momentum continues. However, the market may stabilize as it approaches the higher RSI threshold, near the 70 level.
BBTrend FARTCOIN Is Currently Very Negative
FARTCOIN’s BBTrend is currently at -25.45, marking its lowest since December 7, which indicates significant bearish momentum. This deeply negative value shows that selling pressure has intensified, pushing the coin into a strong bearish state.
Such low BBTrend levels reflect seller-dominated market conditions, with little sign of immediate bullish activity to counter the bearish trend.
BBTrend, or Bollinger Band Trend, is a momentum indicator derived from Bollinger bands that measures the relationship between an asset’s price and the midpoint of the bands. Positive BBTrend values indicate bullish price momentum, while negative values highlight bearish conditions.
With FARTCOIN BBTrend at -25.45, the Token is in clear bearish territory, suggesting that downward pressure is likely to continue in the short term. However, if the trend begins to stabilize or reverse, it could indicate the start of a recovery, but until then, bearish sentiment is expected to prevail.
FARTCOIN Price Prediction: Could FARTCOIN Return to $1 Soon?
FARTCOIN faces strong resistance at $0.92, which serves as a key level for short-term price direction. If this resistance breaks, it could signal a change in market sentiment. This will allow FARTCOIN price to continue rising and test the next key level at $1,299.
This scenario represents a potential 50% upside from current levels, highlighting the potential for significant gains if bullish momentum strengthens. This will continue to keep the momentum of FARTCOIN as one of the most notable Meme Coin coins in the past days.
On the other hand, technical indicators such as BBTrend and RSI suggest that the current bearish trend may continue.
If bearish pressure continues, FARTCOIN price could experience a sharp correction, dropping to the nearest strong support level at $0.55. This would represent a potential 36% reduction.
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