Fartcoin (FART) Price Plunges 8% as New Meme Coin Meme Index (MEMEX) Presale Garners Over $2.7 Million

The Fartcoin price has plunged 8% in the last 24 hours to trade at $1.70 as of 11:26 p.m. EST on a 22% drop in trading volume to $525 million.

The price of Fartcoin has dropped 8% over the past 24 hours, bringing it down to $1.70 at 11:26 p.m. EST, according to data from GeckoTerminal. This comes as trading volume has plunged 22% to $525 million.

Fartcoin Price Poised for a Recovery

On the 4-hour timeframe, the FARTCOIN price recently formed a rounding bottom pattern, which it used to propel itself above the $1.56 resistance.

However, following this breakout, the price of Fartcoin has undergone a sharp retracement, currently hovering around $1.70. According to data from GeckoTerminal, it appears that the price of FARTCOIN is testing a previous resistance level, which has now become support at $1.56.

The retest of this level is crucial, and if it holds, it could indicate a continuation of the bullish trend.

On the 4-hour chart, the price of Fartcoin is now trading well above both the 50-period and 200-period Simple Moving Averages (SMAs), suggesting that FARTCOIN could still be poised for a bullish move.

Meanwhile, the Relative Strength Index (RSI) is at 49.36, which is close to the neutral level of 50. This indicates that momentum is neither strongly bullish nor bearish, and the market may be consolidating as traders are waiting for the next directional move.

Importantly, the RSI has cooled off significantly from previous overbought levels, opening up the possibility for another bullish move.

FARTCOIN Eyes $2.5

The price of Fartcoin is now at a critical juncture, with $1.56 serving as a strong support level.

If the price of Fartcoin manages to hold this level, a rebound toward $2.00-$2.20 is likely, with the potential to retest the previous high around $2.50 if bullish momentum resumes.

Nevertheless, a breakdown below $1.56 could lead to further declines, with the 200-period SMA at around $1.14 potentially acting as the next major support level.

As the price of FARTCOIN is declining, investors are also flocking to a new meme coin called Meme Index (MEMEX).

According to crypto analyst and YouTuber Jacob Bury, who has over 54k subscribers, MEMEX has the potential to be the next 10x crypto.

Meme Index Presale Surges Past $2.7 Million

Meme Index (MEMEX) has hit a significant milestone by raising over $2.7 million during its ongoing presale phase.

The platform boasts four unique investment baskets—Titan, Moonshot, MidCap, and Frenzy—catering to varying risk appetites. These baskets span from featuring established tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) to showcasing emerging, high-potential and high-risk meme coins.

By holding MEMEX tokens, investors can access these curated portfolios, which simplifies the process of investing in the meme coin sector.

🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.

Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX

— Best Wallet (@BestWalletHQ) December 27, 2024

A standout feature of Meme Index is its staking program, which currently offers an annual percentage yield of approximately 856%.

You can purchase MEMEX tokens on the official website for as low as $0.0154693 to participate in the presale.

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