Fartcoin's price is bubbling back into the spotlight, currently trading at $0.8510 after a remarkable 190% monthly rally.

Fartcoin's price is bubbling back into the spotlight, currently trading at $0.8510 after a remarkable 190% monthly rally. The AI-born meme coin is now attracting significant attention.

Fartcoin’s price has risen sharply this month, gaining 190% since the start of the year. The coin is now trading at $0.8510, and it has hit an all-time high of $2.48, which was set in January.

The coin is also showing signs of strength at a key technical level. It has managed to defend the support at $0.71, showing a 9% increase since bouncing off that level.

However, Fartcoin will need to reclaim the $0.83 region to maintain a bullish outlook. A failure to hold above this critical level could shift the trend back toward bearish territory, making $0.71 an important level to watch.

The cryptocurrency is known for its high liquidity, which scalpers can utilize to benefit from the coin’s rapid price changes, presenting excellent opportunities for short-term traders to maximize their gains.

The crypto analyst Persis10t highlighted that Fartcoin has created the traditional inverse Head and Shoulders pattern, which may be signaling a bullish reversal. According to him, the neckline at around $0.7390, which corresponds to significant Fibonacci, as well as the EMA, is pivotal to Fartcoin’s direction.

Now that the coin is retesting the zone, the $0.77 support is pivotal to ensuring bullish dominance. A break below this level could negate the pattern and shift the trend back toward bearish territory.

However, if Fartcoin manages to stay above the neckline and close above the pattern’s shoulders, it could continue the rally and reach higher price targets.

The crypto analyst also noted that the pattern is visible on the 8-hour chart, which is used by scalpers and arbitrageurs to identify short-term trends and capitalize on rapid price movements.

Moreover, Fartcoin has a total supply of 1 billion tokens, and more than 74.87% of the tokens are already in circulation, with a current market capitalization of $844.84 million and a 24-hour trading volume exceeding $221 million.

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