Fartcoin is showing a steady rise, increasing by 35% in the past 24 hours, which might mark the start of a recovery after a period of consolidation.
Recent Fartcoin Price Movements
Fartcoin has risen by 35% in the past 24 hours, reaching $0.52. The trading volume stood at $164 million, indicating potential stabilization after a steep drop from its peak of $2.48 in January.
Impact of Previous Consolidation
The FARTCOIN price began rebounding from the $0.20–$0.30 range around mid-March, when it surged by over 30% from $0.297318 to $0.395195. The consolidation period was marked by relatively stable trading volume, suggesting sellers had exhausted their momentum. March 24 marked FARTCOIN's breakout past $0.60, initiating a new upward phase.
Technical Analysis and Forecast
After briefly surpassing $0.60, the price stabilized around $0.40–$0.45. Subsequent buying led to gains with rising volume, culminating in the current surge to $0.53. The Relative Strength Index is at 59.26, gradually approaching bullish territory. The Moving Average Convergence Divergence indicator also supports the bullish momentum.
The current breakout indicates reaching local resistance levels at $0.60–$0.70. A sustained push above these levels could confirm a full trend reversal, potentially testing resistance around $1.20 – $1.30, established during the attempt to recover after the January crash.
