Fartcoin’s Strong Uptrend Points to $2 Milestone, Will It Break $5 in the Coming Weeks?
The post Fartcoin’s Strong Uptrend Points to $2 Milestone, Will It Break $5 in the Coming Weeks? appeared on BitcoinEthereumNews.com.
Fartcoin has captured the attention of crypto traders once again, inching closer to its all-time high at the $2 mark. With bold expectations targeting $5, it’s a coin on the rise. Over the past month, Fartcoin has posted impressive performance figures — up 3% on the day, 25% for the week, and a staggering 50% monthly gain. These bullish signs have investors optimistic about its potential upside. Fartcoin (FARTCOIN) Price Analysis Analysts observed a bearish pullback on the 4-hour chart from BingX as Fartcoin peaked at $1.31 before dipping to $1.12 — a 2% drop that sparked concerns of a deeper correction. Source – 99Bitcoins YouTube Channel This movement pushed the price below the 50/200 EMAs, signaling a potential sell-off, with support identified at $1.08 and resistance at $1.30. However, in a swift and surprising turn, the market quickly reversed course. Fartcoin bounced back strongly, surging past prior resistance and reaching $1.41, flipping the bearish outlook into a bullish one within just a few hours. This sharp recovery restored confidence among traders and signaled renewed upward momentum. Zooming out, the price action of Fartcoin from the first week of May until now shows a clear pattern of strong recovery and sustained bullish momentum. Early in the month, the token experienced a significant decline, falling from slightly above $1.10 to a low near $0.90 amid a period of selling pressure and negative sentiment. But starting on May 8, this bearish phase sharply reversed, with a steep and continuous rally that pushed the price beyond its previous highs. Over the following days, Fartcoin entered a strong bullish phase, climbing above $1.30 while forming higher highs and higher lows — a classic sign of an uptrend. The price then stabilized, with healthy consolidation and minor retracements, maintaining firm support around the $1.30 level.…
Filed under: News - @ May 12, 2025 7:28 pm