Fartcoin Meme Cryptocurrency Poised for Growth: New All-Time High Coming Soon?
Uptrend feelings are escalating within the cryptocurrency markets as Bitcoin ascends towards the $90,000 mark today. Altcoins are not lagging behind, with several of them maintaining their upward momentum. Fartcoin, a meme digital currency, has increased by 21% as this article is being composed, with some speculating about a potential new all-time high (ATH). Explore today’s chart insights to uncover crucial levels and trends to monitor.
last fartcoin shill until $1b+
break $1b and head to new ath
break ath and head to $10b
hot air rises pic.twitter.com/GfewrBPxDM
— RookieXBT
(@RookieXBT) April 16, 2025
The saying “Hot air rises” is gaining momentum among the fartcoin community, hinting that the price is bound to increase. Could this be imminent?
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Let’s take a look at today’s technical analysis below.
Fartcoin Meme Crypto New ATH Potential: Chart Analysis
The daily chart reveals unmistakable signs of a rebound. The surge in volume coupled with the Cup & Handle pattern, along with a Bullish Engulfing candle, is akin to pairing coffee with a delightful pastry or a cake garnished with a cherry. In simpler terms – there’s a bullish outlook across various fronts including a shift in trading market structure marking the onset of a fresh uptrend. The way the price is packaged and the volume significantly surpassing that during the price drop from ATH suggest a potential leap to a new ATH.
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Next, we’ll review the 12-hour chart. It provides a more detailed view of volume distribution. We will gain further insights below from the 4-hour chart. However, here we can already observe that the volume during the latest pump from $0.80 to $1.10 is fairly low. The RSI is also at a peak for the third time. Does this indicate buyer fatigue? Possibly. Though it might also just mark the beginning of more significant purchases. First, we need to see the price regain the $1.40 threshold.
Low Timeframe Optimistic and Concluding Thoughts
Lastly, we’ll analyze the 4-hour chart. The moving averages have been splendidly reclaimed. That single retest of the MA200 was a deviation and an excellent entry point for longs. Moving averages can sometimes be overlooked, but they offer valuable high risk-reward trading opportunities if one remains diligent and executes confidently. Of course, proper risk management is essential.
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The low volume during the recent surge may suggest seller burnout, as buyers pushed the price up easily. However, low volume combined with a high RSI indicates a need for caution. It may be too late to get an optimal entry at this stage. Nevertheless, a retest of the previous red line or a Moving Average might present a good buying chance.
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Fartcoin Meme Crypto Set to Explode: New ATH Soon?
- Key level to reclaim is $1.40 before we can hope for new ATH
- RSI and volume look exhausted on 4H timeframe
- Cup and Handle bottom formed and price is in an bullish
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