FARTCOIN Price Gains 30% With Weak Indicators | Airdrop Alert Pro

With FARTCOIN’s market capitalization exceeding $1 billion, FARTCOIN’s price has gained increasing attention, solidifying its position as the ninth largest meme token in the market. Despite a recent surge of more than 30% in the past 24 hours, technical indicators such as the ADX and BBTrend point to weak underlying momentum, casting doubt on the sustainability of the uptrend.

While FARTCOIN price could test resistance at $1.29, $1.35 or even $1.40 (if the rally continues), the heavily negative BBTrend and lower ADX suggest caution. Failure to hold the key support at $0.92 could result in a sharp decline, with potential downside targets as low as $0.55.

FARTCOIN ADX shows that the current uptrend is not strong

fart coins ADX is currently at 13.1, reflecting the weaker trend strength, despite the coin’s price rising significantly by more than 30% in the past 24 hours.

ADX has remained below 20 since December 27, indicating that although prices are rising, the underlying trend lacks strong momentum.

The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100, with values ​​above 25 indicating a strong trend and readings below 20 indicating a weak or non-existent trend. Even within the context of an uptrend, an ADX of 13.1 suggests that FARTCOIN’s rally may be short-lived unless ADX begins to rise, confirming stronger trend momentum.

In the short term, this could mean that FARTCOIN price could face a rise volatility Or consolidation unless further buying pressure solidifies the uptrend.

FARTCOIN’s BBTrend remains very negative

fart coins BBTrend is currently at -10.9, highlighting the underlying bearish conditions despite the recent price surge. BBTrend shifted into negative territory yesterday after remaining positive for three consecutive days, suggesting price momentum may not be as strong as the spike suggests.

While BBTrend does not appear to be deteriorating, its current deeply negative value reflects continued bearish pressure, even in the face of short-term gains.

BBTrend is a technical indicator derived from Bollinger Bands that measures the strength and direction of a trend. Positive values ​​indicate upward momentum, while negative values ​​indicate downward momentum. and fart coins BBTrend is -10.9, indicating that bearish forces remain dominant, casting doubt on the sustainability of the recent price gains.

To maintain upward momentum, BBTrend needs to move back into positive territory, bringing the indicator in line with the upward price trend.

FARTCOIN Price Prediction: Will It Hit an All-Time High?

If the current upward trend continues, FARTCOIN Price A rise is likely to test the $1.29 level, with the possibility of further gains to $1.35 or even $1.40, setting a new all-time high and moving FARTCOIN up in the global rankings Meme Coin.

However, this uptrend requires strong trend confirmation against potential weakness suggested by recent technical indicators.

As highlighted by ADX and BBTrend, the current uptrend may lack sustainability, raising concerns about a potential reversal. if FARTCOIN Price If it fails to hold support at $0.92, it could face a sharp decline and potentially test $0.55, potentially costing FARTCOIN its fifth-largest status Meme Coin on Solana.