Why Fartcoin Price May Rally to a New High | Airdrop Alert Pro

Solana-based meme token FARTCOIN has surged 20% in the past 24 hours, becoming the market’s top gainer. The coin is currently trading at $1.45, just below its all-time high of $1.61.

With a bullish technical setup, FARTCOIN is likely to retest its peak and rally beyond it in the short term.

Fartcoin bull run drives price higher

FARTCOIN’S BALANCE OF POWER (BoP) reflects the bullish bias that meme coins currently enjoy. As of this writing, the indicator is in an upward trend at 0.53.

An asset’s balance of payments measures the strength of buyers and sellers in the market during a specific period. Like FARTCOIN, the positive and rising balance of payments indicates increasing buying pressure in the market. It signals bullish momentum and the potential for a continued upward trend in asset prices.

especially, FARTCOIN price rises In the past few days, it has far surpassed the Ichimoku Cloud. As of press time, same corner The price is trading above this key indicator’s leading spans A and B, which form dynamic support levels at $1.10 and $0.87 respectively.

Ichimoku Cloud tracks the momentum of asset market trends and identifies potential support/resistance levels. When an asset trades above this cloud, it means it is in an uptrend. In this case, the cloud acts as a dynamic support area, enhancing the likelihood of a continued upward movement as long as the price remains above it.

FARTCOIN Price Prediction: Are New All-Time Highs Coming?

FARTCOIN MAY REVIEW ITS All-time high $1.61 If this upward trend continues, in the short term. If buying pressure builds further, a move to new all-time highs is possible.

However, this bullish outlook will be invalidated if the sell-off resumes. In this case, the price of FARTCOIN would plummet to $1.03.