FARTCOIN (slang for flatulence) Emerges as an Unlikely Outperformer, but Buyer Exhaustion Could Soon Set In

The Solana-based meme coin FARTCOIN has emerged as an unlikely outperformer over the past month. The altcoin has defied the broader market troubles and surged by nearly 250% in the past 30 days.

Solana-based meme coin FARTCOIN has massively outperformed the market over the past month, fueled by a triple-digit rally that saw the altcoin surge by nearly 250%.

But with FARTCOIN now entering overbought territory, buyer exhaustion could soon set in, potentially triggering a wave of profit-taking among FARTCOIN holders who have enjoyed massive gains.

The Bollinger Bands (BB) indicator, which identifies overbought or oversold conditions and measures an asset’s price volatility, has pushed above the upper band, a sign that the meme coin is overbought.

The BB indicator consists of three lines: a simple moving average (middle band) and two bands (upper and lower) that are typically plotted two standard deviations above and below the moving average.

When the price breaks above the upper band, it means the asset’s current value is moving significantly far from its average, making it overbought and due for a price correction. This pattern suggests that FARTCOIN’s current price level may not be sustainable, increasing the likelihood of a near-term pullback.

Furthermore, the Relative Strength Index (RSI) also confirms that FARTCOIN is nearly overbought. At press time, this momentum indicator stands at 69.09.

The RSI indicator ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound. At 69.09, FARTCOIN’s RSI signals that the meme coin is nearly overbought and its upward momentum may be weakening, putting it in line for a price correction.

If the current momentum fades, FARTCOIN could face a short-term correction that causes it to shed some recent gains and retest a key support level at $0.74.

Should it fail to hold this support, the downtrend strengthens and could continue toward $0.37. However, if FARTCOIN manages to maintain its uptrend, it could continue rallying to reach $1.16.