FARTCOIN’s price is attracting attention as its market capitalization surpasses $1 billion, securing its position as the 9th largest coin on the market. Despite a recent rise of over 30% in the last 24 hours, technical indicators like ADX and BBTrend reveal weak underlying momentum, casting doubt on the sustainability of the uptrend.
While FARTCOIN price could test resistances at $1.29, $1.35, and even $1.40 if the rally continues, BBT’s deeply negative trend and weak ADX suggest caution. Failure to hold critical 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
FARTCOIN The ADX is currently at 13.1, reflecting the weak trend strength despite the token’s significant price rise of over 30% in the last 24 hours.
ADX has remained below 20 since December 27, indicating that even though the price is rising, the underlying trend lacks strong momentum.
The Average Directional Index (ADX) measures the strength of a trend on a scale of 0 to 100, with values above 25 indicating a strong trend and readings below 20 signaling weak or absent trend strength. Even against the backdrop of an uptrend, an ADX of 13.1 suggests that FARTCOIN’s rally could be short-lived unless the ADX begins to rise, confirming stronger trend momentum.
In the short term, this could mean that the price of FARTCOIN could increase. volatility or consolidation unless further buying pressure solidifies the uptrend.
BBT trend for FARTCOIN is still very negative
FARTCOIN BBTrend currently sits at -10.9, highlighting the underlying bearish conditions despite the recent price surge. The BBT trend moved into negative territory yesterday after remaining positive for three days, indicating that price momentum may not be as strong as the rise suggests.
Even though the BBT trend does not appear to be getting worse, its current deeply negative level reflects sustained downside pressure, even in the face of near-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 suggest downward momentum. With FARTCOIN BBTrend at -10.9, this signals that bearish forces still dominate, casting doubt on the sustainability of the recent price rally.
For the rise to continue its momentum, the BBTrend should move back into positive territory, aligning the indicator with upward price action.
FARTCOIN Price Prediction: Will It Hit a New All-Time High?
If the current uptrend persists, FARTCOIN Price could rise to test the $1.29 level, with the possibility of pushing higher towards $1.35 and even $1.40, hitting new all-time highs and pushing FARTCOIN up the trading leaderboard. coins.
However, such a bullish move will require strong trend confirmation to counter the underlying weakness suggested by recent technical indicators.
As ADX and BBTrend point out, the current uptrend may lack sustainability, raising concerns about a possible reversal. If FARTCOIN Price fails to hold the $0.92 support, it could face a sharp decline, potentially testing $0.55, which could cause FARTCOIN to lose its status as the 5th largest. coin on Solana.
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