The price of FARTCOIN reached a new all-time high on December 20, with its market capitalization rising to $1.2 billion. However, the token has since seen a sharp correction, and its market capitalization now stands at $882 million after a 30% drop in the last four days. However, it began to recover its trend, rising 33% in the last 24 hours.
Despite the pullback, technical indicators such as RSI and BBTrend highlight a combination of signals, suggesting both bearish pressure and rebound potential. As FARTCOIN price approaches key resistance and support levels, its next move will depend on whether buyers regain control or the downtrend persists.
FARTCOIN RSI is currently neutral
FARTCOIN’s Relative Strength Index (RSI) is currently at 53.5, a significant increase from 36 just a day ago. This rapid rise indicates a sharp increase in buying momentum, as the token moves from a weak or oversold market position to a more neutral zone.
The change suggests that buyers have aggressively re-entered the market. This move could potentially reverse recent bearish sentiment and set the stage for a more balanced or bullish outlook.
FARTCOIN RSI. Source: TradingView
The RSI is a momentum oscillator that measures the speed and magnitude of price changes on a scale of 0 to 100. An RSI above 70 typically indicates an overbought condition, indicating the possibility of a price correction , while an RSI below 30 suggests an oversold condition. often precedes a rebound.
With FARTCOIN RSI at 53.5, it is in a neutral range, indicating that the token is neither overbought nor oversold. In the short term, this suggests there is room for further bullish movement if the buying momentum persists. However, the market may stabilize as it approaches higher RSI thresholds, close to 70.
FARTCOIN BBT trend is currently very negative
FARTCOIN’s BBT trend is currently at -25.45, marking its lowest level since December 7, indicating significant bearish momentum. This deeply negative value suggests that selling pressure has intensified, pushing the coin into a strongly bearish state.
These low BBTrend levels reflect seller-dominated market conditions, with little evidence of immediate bullish activity to counter the downtrend.
FARTCOIN BBTrend. Source: TradingView.
BBTrend, or Bollinger Band Trend, is a momentum indicator derived from Bollinger Bands that measures the relationship between the price of an asset and the midpoint of its bands. Positive BBTrend values indicate bullish momentum, while negative values highlight bearish conditions.
With FARTCOIN BBTrend at -25.45, the token is firmly in a bearish zone, suggesting that the downward pressure is likely to persist in the near term. However, if this trend begins to stabilize or reverse, it could signal the start of a recovery, but until then, bearish sentiment is expected to dominate.
FARTCOIN Price Prediction: Can FARTCOIN Return to $1 Levels Soon?
FARTCOIN is facing strong resistance at $0.92, which serves as a critical level for its near-term price trajectory. If this resistance is broken, it could indicate a change in market sentiment. This would allow FARTCOIN price to rise further and test the next significant level at $1,299.
This scenario represents a potential 50% upside from current levels, highlighting the potential for substantial gains if bullish momentum intensifies. This would continue FARTCOIN’s momentum as one of the most relevant meme coins in recent days.
FARTCOIN price analysis. Source: TradingView
On the other hand, technical indicators such as BBTrend and RSI suggest that the current bearish trend may persist.
If the bearish pressure continues, FARTCOIN price could see a sharp correction, falling to its nearest strong support at $0.55. This would represent a potential drop of 36%.
