Fartcoin Breaks Key Trendline, Could it Boost the Strong Rally Toward $0.96

• Fartcoin surges nearly 8% in 24 hours, showing strong buying interest.
• Weekly gains reach 21.49%, highlighting sustained positive market sentiment.
• The Price breaks the key trendline, forming higher highs and higher lows.
• Indicators suggest weakening bearish momentum and potential trend reversal.

Fartcoin maintains its upward momentum as buying pressure strengthens across the market. The token has risen nearly 7.83% in the past 24 hours, while its weekly performance shows an impressive 21.49% gain, highlighting growing trader interest and consistent positive sentiment supporting its current trend.

At press time, Fartcoin trades at $0.3843 with a 24-hour volume of $150.43 million, reflecting a 24.8% decline. Despite lower trading activity, its market capitalization has climbed to $384.3 million, marking a 7.81% increase as price appreciation continues to drive valuation growth.

Also Read: Fartcoin Emerges as One of the Strongest Gainers With an 11% Upsurge

Fartcoin Chart Signals Renewed Buyer Confidence

The crypto analyst highlighted that a strong recovery structure is forming after a long downtrend that stabilized inside the green accumulation zone near the $0.20 area. Price broke above a descending trendline, signaling a momentum shift. Since the breakout, candles have shown higher highs and higher lows, indicating renewed buyer confidence. Current trading near $0.41 reflects strengthening demand.

There are multiple levels of resistance visible in the above image. The initial one is at $0.4756. A strong breakout at the same point may unleash strong bullish momentum. The red projection forecasts volatility. Still, the trend points to the upside. There is significant resistance at around $0.7467. There was strong selling activity at the same point in the past. A breakout to that point may certainly happen.

If the buyers retain control, the range for the final target comes close to $0.9611 without any prolonged corrections. There seems to be a continuous upward movement in the chart despite slight corrections in the shorter term. The bullish case would remain in place if the price resides above the previous trendline without falling back into the green region of the demand zones.

Indicators Suggest Bearish Pressure Weakening

The RSI index is at 42.31, very close to the signal line of 41.54. This may well be the beginning of a positive trend change. Although the change occurred when the RSI was below the middle level of 50. The change in trend may show a weakening of bearish pressure. Investors have started to re-enter the market.

The MACD is still negative with a smaller histogram, meaning that the bearish momentum is slowly losing strength. The MACD is at -0.17256, while the signal line is at -0.13475. These indicators are in a bearish crossover. They both started to show a positive curve, meaning that the trend is losing strength. This trend may result in a bullish crossover in the coming weeks.

Also Read: Fartcoin Critical Resistance Ahead: Eyes $1.53 Amid Market Rebound