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Cryptocurrency News Articles

Fartcoin Price Prediction: Fartcoin (FART) Price Could Continue Soaring

Dec 20, 2024 at 02:42 pm

The Fartcoin price has soared 38% in the last 24 hours to trade at $1.25 as of 11:06 a.m. EST on a 29% jump in trading volume to $273 million.

Fartcoin Price Prediction: Fartcoin (FART) Price Could Continue Soaring

The price of Fartcoin (CRYPTO: FRT) soared 38% over the last 24 hours to $1.25 at 11:06 a.m. EST on Monday.

Fartcoin price soared 38% to trade at $1.25 on Monday.

The trading volume surged 29% to reach $273 million.

Fartcoin price is now up 290% year-to-date.

The price of the meme coin witnessed a strong bullish trend in recent sessions. A prominent pattern in the chart is a parabolic curve, which often indicates rapidly accelerating price action, typically driven by high investor enthusiasm.

The price of Fartcoin recently breached several support levels, with clear bounce points at $0.77 (50-day Simple Moving Average (SMA) and $0.42 (200-day SMA).

The breakout from these levels triggered a sharp rally, culminating in the current Fartcoin price of $1.2527, as per data from GeckoTerminal.

The support zones have shifted higher, with immediate levels now around $1.00 and $0.77.

The Relative Strength Index (RSI) is currently at 69.41, approaching overbought levels (above 70). While this indicates potential exhaustion in the short term, it also reflects intense buying pressure.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains in bullish territory, with the MACD line (blue) positioned above the signal line (orange).

The continuous upward divergence between these lines supports the bullish case, signaling sustained momentum.

Based on the current technical setup, the price of Fartcoin is firmly in a bullish trend, with the potential for further upside. If momentum sustains, the bulls could target the next major resistance anticipated around $1.50 to $1.70, driven by psychological levels and the continued parabolic pattern.

Conversely, a break below $1.00 would indicate weakening momentum, with further support at $0.77 (50-period MA) and $0.42 (200-period MA).

Meanwhile, investors are rushing to buy Crypto All-Stars (STARS), which ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, says has the potential to soar 10X after its launch.

Crypto All-Stars Presale Surges Past $24.9 Million – Less Than 8 Hours Left

Crypto All-Stars has raised almost $25 million as investors rush to buy the first-ever staking platform for multiple top meme coins – and now there are less than 8 hours left before its presale ends.

Degens are rushing to buy STARS, won over by its innovative MemeVault protocol that allows meme coin fans to stake top tokens to generate a passive income stream.

Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and Bonk can currently stake these cryptos on the platform and earn passive income in the form of STARS.

What Is Crypto All-Stars?

Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥

This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!

— web3telepath (@web3telepath) August 15, 2024

While the current line-up enables staking for holders of around a dozen meme coins, the team says Crypto All-Stars will soon expand to welcome more into the fold.

Until this happens, traders can stake STARS tokens for a huge 156% annual percentage yield (APY).

Currently, STARS is available for just $0.0016782. Buy before the presale ends in less than 8 hours.

Purchase STARS from its official website here using BNB, USDT, or a bank card.

News source:insidebitcoins.com

Disclaimer:info@kdj.com

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Other articles published on Dec 20, 2024