The cryptocurrency market is showing signs of recovery. Ethereum has risen by 7.11% this week, allowing altcoins and memecoins like FARTCOIN and GOAT to come alive after months of selling pressure.
FARTCOIN: Recovery After Decline
FARTCOIN has faced a steep decline since mid-January, facing rejection from its all-time high of $2.73. The correction dragged the token down by over 90%. However, support around $0.20 proved significant as the price rebounded, forming a 'Rounding Bottom Pattern'. This is a classic reversal structure, and the 142% rise from its low to $0.52 confirms a momentum shift.
GOAT: Following FARTCOIN's Path
Like FARTCOIN, GOAT has been in a downtrend since November, facing resistance from its all-time high of $1.37. The price collapsed by more than 95%, recently hitting a low of $0.059 and potentially forming a similar 'Rounding Bottom Pattern'. However, stronger buyer participation is needed to confirm a reversal.
What's Next for FARTCOIN & GOAT?
With FARTCOIN's rally gaining momentum, there's potential for a trend reversal if it sustains above key resistance levels. GOAT is in the early stages of a potential comeback. If its MACD strengthens and it mirrors FARTCOIN's move, a breakout could occur in the coming weeks, but further confirmation is required.
The crypto market is showing signs of revival, with FARTCOIN and GOAT possibly on the path to recovery. However, investors should remain cautious and monitor further developments.
