FARTCOIN recently hit an all-time high, reaching a market cap of $1.2 billion on December 20. However, it faced a sharp correction, with its value dropping 30% to $882 million. Despite this dip, the token surged 33% in the last 24 hours, signaling a possible recovery.
RSI Signals Neutral Momentum
FARTCOIN’s Relative Strength Index (RSI) stands at 53.5, up from 36 just a day ago. This jump indicates strong buying momentum, moving the token from oversold conditions into a neutral range.
The RSI measures price changes on a scale from 0 to 100. Values above 70 signal overbought conditions, often preceding corrections, while those below 30 suggest oversold states that may lead to rebounds.
Currently, FARTCOIN’s RSI indicates room for upward movement if buying pressure continues. However, as RSI nears 70, market stabilization or resistance may occur.
BBTrend Highlights Bearish Pressure
The BBTrend indicator, derived from Bollinger Bands, is at -25.45, its lowest level since December 7. This negative value reflects intensified selling pressure and a strongly bearish market state.
BBTrend evaluates the relationship between an asset’s price and its Bollinger Band midpoint. Negative values suggest bearish momentum, while positive ones indicate bullish conditions.
With FARTCOIN in a bearish zone, a recovery will depend on stabilizing or reversing this trend. Until then, sellers may dominate.
Price Prediction: A Path to $1 or More Decline?
FARTCOIN faces strong resistance at $0.92, a critical level for a bullish breakout. If it surpasses this threshold, the token could rally to $1.299, offering a potential 50% upside.
However, bearish indicators like BBTrend and RSI suggest that downward pressure remains. If selling intensifies, FARTCOIN could drop to its strong support at $0.55, representing a possible 36% decline.
