- Fartcoin recovered from March lows of $0.21 to the current $1.28, establishing a clear uptrend with higher lows
- Bullish Supertrend reading of 0.9048 confirms positive short-term momentum
- Price remains above the 200-day EMA (0.6822), signalling a long-term trend reversal.
The Fartcoin price analysis reveals a bullish scenario and indicates its recovery may continue in upcoming sessions. Prices for Fartcoin dropped from $1.80 in January to $0.21 in March 2025. Nevertheless, after that, the cryptocurrency has consistently shown a pattern of increasing lows and highs.
According to CMC data, Fartcoin price is trading at $1.28 with an intraday surge of 11%, suggesting bullishness. On the technical chart, the Supertrend indicator is now at 0.9048 and shows a bullish signal, having turned positive in April. According to this Supertrend reading, the market is likely to continue moving up in the short to medium term.
The MACD oscillator is slightly below zero but is now stabilizing following the recent rally. The histogram suggests the bearish trend is fading. Since the MACD and signal lines are very close, a bullish crossover could occur if the current consolidation moves up.
Will Fartcoin Price Break Above the $2 Level?
Source: TradingView
RSI at 56.74 points to moderate strength on the upside, as it has dropped from overbought levels. Since the RSI line is above the 14 SMA curve (60.60), the price could rise further before it becomes technically overbought once more.
Investors should keep an eye on $1.30, $1.4000, the early May high and $1.00 (psychological support). The $0.6699 mark provides support and corresponds to the important technical level set in late April.
Fartcoin appears to be consolidating after rising from its lows in Q1 and could continue to rise if the broader market stays positive. If the price breaks above $1.40, traders should be ready for a test of the January highs, whereas a fall below $1.00 could result in a decline to the 200-day EMA.
Highlighted Crypto News Today:
SEC X Account Hacker Sentenced to 14 Months for Fake Bitcoin ETF Tweet
