- FARTCOIN has surged 11% and is showing bullish momentum, with key indicators like the RSI and Squeeze Momentum pointing toward a potential breakout
- If it breaks the $1.20 resistance, the meme coin could rally to $1.42, but failure to hold above $1.02 may signal a bearish reversal.
FARTCOIN, the meme coin known for its wild price swings and viral presence, is making headlines again. The cryptocurrency has surged 11% in the past 24 hours, bouncing back from the $1.00 mark and currently trading at $1.12.
This rebound could mark the beginning of a recovery after a tough June, and technical indicators now point to the possibility of a new rally.
Bullish Signals Emerge
Two key technical tools are flashing bullish: the Relative Strength Index (RSI) and the Squeeze Momentum Indicator. The RSI has crossed above the neutral line for the first time in two weeks, indicating renewed buying pressure and a shift toward bullish sentiment. This movement suggests that FARTCOIN could be gaining strength and preparing for another breakout.
Meanwhile, the Squeeze Momentum Indicator shows signs of a market “squeeze,” a setup that often precedes a breakout move. The histogram on the chart also reveals that bearish momentum is fading, signaling that the meme coin might be gearing up for a substantial upward move. The last time these conditions appeared, FARTCOIN experienced a significant surge.
Resistance at $1.20: The Key to the Rally
FARTCOIN is now eyeing a crucial resistance level at $1.20. A successful break above this level would confirm the current bullish momentum and open the path toward the next major target at $1.42. Achieving this would not only help the coin recover from its recent downturn but also restore investor confidence.
Securing $1.20 as a support level is critical for a sustained rally. If the coin can hold above it, traders may see further gains and a renewed upward trend. This could position FARTCOIN as one of the most-watched meme coins in the current market cycle.
Caution Still Warranted
Despite the bullish signs, caution remains. If selling pressure intensifies, especially near the $1.20 resistance, FARTCOIN could retrace back below $1.02. A drop below this level—and especially below $1.00—would invalidate the bullish outlook and suggest that the recent pump may have been short-lived.
In the worst-case scenario, the price could fall to $0.91, testing investor patience and potentially resetting bullish momentum altogether.
FARTCOIN’s latest price action shows promise, with technical indicators and market sentiment hinting at a potential rally. However, the next few days will be crucial. If the meme coin can break through $1.20 and hold its ground, the road to $1.42—and possibly beyond—could be within reach.
But if it fails, the hype could quickly deflate, taking the coin back to lower levels. Traders should keep a close eye on resistance and support lines as the next move unfolds.