Can FARTCOIN Price Sustain its Rally Amid Rising Market Risks?
The value of the meme coin FARTCOIN has surged 27% in the past week. This bullish run peaked on January 2, with the coin hitting an all-time high of $1.47 during that day’s trading session.
However, this surge comes at a price: Markets rise volatility Now threatening further gains for the meme coin.
FARTCOIN Earnings at Risk as Volatility Spikes
Evaluation of BeInCrypto FAT/USD The one-day chart shows that the altcoin is currently trading above the upper limit of its Bollinger Bands indicator.
This indicator measures an asset’s price volatility and identifies overbought or oversold conditions. It consists of three lines: Simple Moving Average (middle band) and the two bands (upper and lower bands) represent the standard deviation above and below the moving average.
When an asset’s price breaks above its upper limit, it signals a surge in volatility because its current value has deviated significantly from its average level. It also indicates that the asset may be overbought and in need of a price correction.
also, FARTCOIN’s Average True Range (ATR) It hit an all-time high of 0.25 on January 2, confirming the surge in market volatility. As of this writing, the indicator stands at 0.24.
ATR is a volatility indicator that measures the average range between an asset’s highest and lowest prices over a specified period. When it rises like this, it indicates a sudden increase in price volatility, indicating increased market volatility.
FARTCOIN Price Prediction: Key Levels to Watch
Generally speaking, increased market volatility increases the likelihood of large price moves, leading to an upward or downward breakout of an asset’s price. Therefore, if bullish pressure persists, FARTCOIN may explode In an uptrend, it regained its all-time high of $1.47 and moved higher.
On the other hand, if sales activity strengthens, memecoin prices will break out of the downtrend, A drop to $0.53 is possible.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.