FARTCOIN: Price Prediction and Analysis

Bittime - FARTCOIN is a meme coin that is experiencing a significant price increase. In the last 24 hours, the price of FARTCOIN rose 23%, accompanied by a 47.27% jump in trading volume to $699 million (around IDR 11.45 trillion). So, what is the FARTCOIN price prediction? Check out the review here!

The increase was fueled by the popularity of Solana blockchain-based meme coins, including the recently launched $TRUMP. This trend strengthens market optimism regarding FARTCOIN's growth potential. 

However, what actually influences the price of FARTCOIN, and how is its price movement predicted? Here's the review.

FARTCOIN Price Bullish?

FARTCOIN's bullish trend is clearly visible on the 4-hour chart. The price is currently trading at $2.18 (around Rp. 35,700), registering a 23% increase in the last 24 hours. 

by rising channel formed shows a stable price increase structure with higher highs And higher lows.

The main support for this trend is the success of price breaking through two important levels: 50-day Simple Moving Average (SMA) at $1.11563 (around Rp. 18,186) and 200-day SMA at $1.04702 (around IDR 17,076). These two SMAs now function as dynamic support that strengthens the momentum of price increases.

Read also: Top 5 Best Memecoins on the SUI Network, Check Before Pumping!

However, indicators Relative Strength Index (RSI) is at 68.11, approaching the overbought area (70+). While this indicates strong bullish momentum, the potential for a correction or consolidation remains. 

Additionally, indicators Moving Average Convergence Divergence (MACD) also shows a bullish signal, with the MACD line above the signal line (0.17 vs 0.13) and a widening positive histogram, indicating increasing buying pressure.

FARTCOIN Price Prediction

In the short term, FARTCOIN price is expected to continue to respect the pattern rising channel. Key resistance levels is in the $1.90–$2.00 range (around Rp. 30,970–Rp. 32,600). If the price manages to break this level, the next target will be psychological level at $2.50 (around Rp. 40,750).

Conversely, if a correction occurs, key support levels was at $1.70 (around IDR 27,710). If prices fall further, 50-day SMA at $1.11 (around Rp. 18,093) will be stronger support.

Read also: Recommended 7 Trump Memecoins for January 2025: Which Hold?

Conclusion

FARTCOIN shows great potential in the cryptocurrency market, especially as a meme coin that has strong support from its community. With technical indicators supporting a bullish trend, the opportunity for price increases is still open.

However, crypto market volatility remains a risk factor to be aware of. Investors are advised to conduct a thorough analysis before making a decision, keeping in mind the potential short-term correction that may occur.

FAQ About FARTCOIN

1. What is FARTCOIN?

FARTCOIN is a popular blockchain-based meme coin with a strong community and large trading volume.

2. Why is the FARTCOIN price going up?

The FARTCOIN price surge was triggered by the bullish trend of blockchain-based meme coin Solana, including the launch of the $TRUMP coin.

3. Is FARTCOIN suitable for long term investment?

FARTCOIN has great potential, but the high volatility of meme coins requires careful risk analysis and consideration.

How to Buy Crypto on Bittime

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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

coinmarketcap, Fartcoin Price Prediction: FARTCOIN Surges 19% As Solana Meme Coins Skyrocket On $TRUMP Coin Frenzy, While This Pepe Rival Closes On $52M, accessed January 20, 2025.

coinmarketcap, FARTCOIN Coinmarketcap, accessed January 20, 2025.

Author: Y