Fartcoin Price Surges 60% to Reach $1.11 with $2 Target Ahead
The total crypto market cap has risen to $3.26 trillion, reflecting a 1.99% intraday increase. Meme coins are recovering, with the following notable price changes:
Fartcoin's market cap reached $1.12 billion as it reclaimed the $1 psychological level. Key points include:
- Price dropped from $1.61 to $0.67 before a recovery to $1.11.
- This rebound confirms a bullish breakout above local resistance and the 50% Fibonacci level.
- A positive crossover occurred between the 20 and 200 EMA lines, indicating potential short-term gains.
- The 4-hour RSI is nearing overbought levels, suggesting a buying opportunity.
Fartcoin faces resistance at the 61.80% Fibonacci level of $1.15. A close above this level may lead to further gains toward a target of $2. Key support levels are established at $1 and $0.94.
Recent whale activity enhances confidence in Fartcoin. Trader 8TSfB exchanged 789K WIF tokens for 1.04 million Fartcoins ($1.15 million). This trader reports profits of $2.17 million from other meme coin investments, reinforcing their strategy.
Indicators suggest Fartcoin could breach the $2 mark, indicating a strong bullish outlook.