Fartcoin, one of the prominent Memecoins of the last period in the crypto currency market, had entered the radar of investors with a 130 percent increase in recent months. However, the 6 percent depreciation in the last 24 -hour period made the search for short -term direction even more pronounced. Token, which has a market value of approximately 544 million dollars, has entered the lens of investors with technical analysis data. Both price movements and volume data indicate that the token is approaching a new breaking process.
What do RSI, Macd and Bollinger bands say?
Fartcoın’s 4 -hour graph offers complex signals in terms of technical indicators. While the RSI (Relative Power Index) value is 56, this value shows that there is no significant superiority on the purchase and sale side. In other words, the current price range stands out as a balance zone between buyers and sellers.
When the Bollinger bands are examined, the price is stuck around the middle band around $ 0.51. This contraction increases expectations that the price can be touched and recovered. In terms of technically, this region is accepted as a critical threshold for both a new rise acceleration and the continuation of the decline. The MACD indicator also offers contradictory signals for investors; Although the blue line appears on the signal line, it may seem like a positive signal, but the contraction in the histogram indicates that the momentum slows down.
Warnings from experts: Risk of “M” formation
Ali Martinez, one of the prominent names among crypto money analysts, pointed out that a potential “M” formation has occurred in 12 -hour graphics for Fartcoin. In case of this formation, the price may fall to $ 0.21. According to Martinez, it is of great importance that investors closely follow this graphic structure.
On the other hand, Crypto General Analyst said that the price is consolidated in the area below $ 0.58, and that this situation could lead to a strong price reaction in the near term. According to him, Fartcoin is currently experiencing a phase where procurement pressure in the market is reduced. However, this stagnation can also cause upward breakage with a sudden increase in volume. Crypto General says that the token may have a $ 10 price target for long -term potential.
The most ideal purchase zone is 0.50–0.52 dollars range
According to market data, Fartco’s strong purchasing support, especially in the $ 0.50–0.52 dollar band, is found. According to analyzes published by Cryptorobotics, the token is likely to test $ 0.65 thanks to the purchase orders concentrated in this range. However, this scenario is directly connected to the course of the general crypto money market.
The 17 percent decrease in the 24 -hour transaction volume is another remarkable element. This decline shows that investors are getting cautious and a wavy course is expected in price movements. In addition to technical indicators, transaction volume and investor interest are among the main factors that will determine the direction of Fartcoin.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
