FARTCOIN Token Price Drops 31% – Is a Two-Month Low Next?
In the past week, Meme Coin FARTCOIN headquartered in Sorana has been steadily declining. Due to the decrease in demand, it accounted for 31 % of its value in the past seven days.
With the loser of the coin, FARTCOIN seems to be ready to extend it to the price of two months.
FARTCOIN witnesses weaken the demand
Double -digit The value of farting decreases The index of the index of its price has been pushed up for 20 days. At the time of press release, the moving average of this key is a dynamic resistance level at a price of $ 1.04 higher than FARTCOIN. If the demand continues to decline, it will be difficult to surpass this level.
The 20 -day EMA of assets has measured its average transaction price in the past 20 days, making the recent price larger, so as to better reflect the short -term trend. When the price of assets is lower than the average level of the key movement, it marks the weak momentum of weakness and demeanor. This shows that FARTCOIN’s sales pressure is increasing, unless demand is increased, assets may continue to decline.
also, FARTCOIN’s relative strength index decreases (RSI) Reflecting the purchase activities in the market. When pressing, its RSI is 40.22.
This momentum indicator measures the overtime market situation of assets. Its range is between 0 and 100 and the value is higher than 70, which indicates that too much assets and correction. On the other hand, the value under the age of 30 indicates that the assets are exceeded and may witness the rebound.
FARTCOIN’s RSI shows at 40.22 that the assets are located in the loser area, but it has not been oversold, indicating that the momentum is weakened and the sales pressure increases.
FARTCOIN price prediction: Will it sink or surge?
FARTCOIN’s Fibonacci retrospective tool reads The cause coin based on Sorana If the purchase activity is still dissatisfied, the risk drops to $ 0.14 for two months. The last trading of tokens was at a low price on December 3.
However, if the market emotional changes, and Buyers have increased demand For FARTCOIN, they can push their price high for 20 days, the price of EMA dynamic resistance is 1.04 US dollars and increase to $ 1.13.
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