Fartcoin (FART) Price Poised For A Breakout as Meme Index (MEMEX) Presale Amasses Over $3.1 Million

The Fartcoin price has soared 16% in the last 24 hours to trade at $0.9878 as of 11:30 p.m. EST on a 93% surge in trading volume to $434 million.

The Fartcoin (Fart) price soared 16% in the last 24 hours to trade at $0.9878 by 11:30 p.m. EST, as trading volume surged 93% to hit $434 million.

This comes as the meme coin recorded a 5% gain in the last 24 hours to reach a market capitalization of $102 billion, according to CoinGecko.

Fartcoin Price Poised For A Breakout

The FARTCOIN price experienced a parabolic rise, reaching highs above $2.50, before entering a downtrend.

The Fartcoin price has since been forming a falling channel pattern, indicating a corrective phase. However, a breakout from this pattern could lead to a strong move in either direction.

The upper boundary of the falling channel, currently around $1.20 – $1.30, acts as the primary resistance level. A breakout above this zone could trigger a bullish reversal, according to GeckoTerminal data.

Due to the sustained downtrend within the channel, the price of FARTCOIN has fallen below both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as immediate resistance levels.

Indicating neutral momentum, the Relative Strength Index (RSI) is at 45.39. This suggests that the market is neither overbought nor oversold, leaving room for potential upside movement if buying pressure increases.

Meanwhile, the Moving Average Convergence Divergence (MACD) supports the possible breakout move, as the blue MACD line crosses above the orange signal line, indicating a bullish crossover.

FARTCOIN Price Prediction

The Fartcoin price analysis on the 4-hour timeframe indicates that the price of Fartcoin may be headed towards a breakout.

If FARTCOIN breaks above the falling channel and the $1.20 – $1.30 resistance, we could see a push toward $1.50 – $1.80 in the short term.

Conversely, if the price of FARTCOIN fails to break out and continues downward, key support levels to watch would be $0.80 and $0.60.

As the Fartcoin price soars, investors are also piling into a new meme coin called Meme Index (MEMEX). According to crypto analyst and YouTuber Jacob Bury, who has over 54.8k subscribers, MEMEX has the potential to be the next 10x crypto.

Meme Index Presale Amasses Over $3.1 Million In Presale

The Meme Index presale is gaining momentum as it hurtles towards the $4 million milestone.

A new crypto project is targeting the booming meme coin market with a unique approach, offering investors a diversified entry point to exposure. Meme Index presents a strategic approach to navigating the volatile meme coin sector.

It offers four distinct indexes with different levels of volatility and risk tolerance. These are Meme Titan, Moonshot, Midcap, and Meme Frenzy.

Each basket caters to varying risk appetites, ranging from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking a thrilling investment experience with potentially huge rewards.

🚨 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

MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 734%.

To participate in the presale, you can purchase MEMEX tokens on the official website for just $0.0156557.

Buy soon to lock in the best deal as the price will increase in about 20 minutes.

Buy MEMEX tokens using USDT, ETH or bank card.

Related News