Cryptos That Hit All-Time Highs Today
While the overall cryptocurrency market is down slightly, several altcoins have bucked the trend and hit new all-time highs today.
BeInCrypto analyzed three outstanding coins, with Fartcoin (FARTCOIN) taking the lead.
FARTCOIN
Meme coin FARTCOIN soared to a record high of $0.73 in early Asian trading on Friday. It currently trades at $0.63, down 12% from its peak.
Today’s all-time high is Sixth time in seven daysreflecting a steady rise in altcoin demand, largely driven by memecoin mania. The FARTCOIN Moving Average Convergence Divergence (MACD) setup confirms this bullish outlook.
At press time, the MACD line (blue) is above the signal line (orange). When this momentum indicator sets up in this way, it signals a bullish trend. This suggests that the asset’s price may continue to rise. This crossover is often considered a buy signal and reflects increased buying pressure.
If this trend continues, the price of FARTCOIN will return to its all-time highs and rebound beyond that level. On the other hand, if selling pressure surges, the meme coin’s price could drop to $0.56.
Fast Token (FTN)
Fasttoken (FTN) is the native cryptocurrency of the first-layer blockchain platform Bahamut. It rose to an all-time high of $3.26 today. Although its price has since fallen by 1%, the coin still enjoys a significant bullish bias.
The rise in Chaikin Fund Flow (CMF) confirms this. As of this writing, FTN’s CMF is 0.71.
The CMF indicator measures the accumulation and distribution of assets over a specific period of time (usually 21 days). When CMF is above zero, the asset is experiencing more buying pressure than selling pressure, indicating a bullish trend. Such positive readings usually signal a potential upward trend in prices.
If the rally continues, FTN will revisit its all-time high of $3.26, potentially turning it into support and rising further. Conversely, if profit-taking activity surges, Altcoin Value will plummet to $2.67.
GIGA
Meme coin based on Solana Earlier today, GIGA hit an all-time high of $0.080. It has since witnessed an 8% retracement, resulting in it trading at $0.074 at press time.
However, token accumulation among market participants remains as reflected in GIGA’s rising Relative Strength Index (relative strength index). At the time of writing, the value is 66.23.
An asset’s RSI indicator measures its overbought and oversold conditions. Its value ranges from 0 to 100, with values above 70 indicating that the asset is overbought and needs correction. On the other hand, values below 30 indicate that the asset is oversold and may be due for a rebound.
GIGA’s relative strength index (RSI) is 66.23, indicating that the asset is approaching overbought conditions. While bullish momentum remains strong, higher RSI levels could signal a potential reversal or consolidation. If a pullback occurs, the Meme coin’s value could drop to $0.063.
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.
