FARTCOIN price is gaining attention as its market cap surpasses $1 billion, securing its position as the 9th largest meme coin in the market. Despite a recent surge 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, the deeply negative BBTrend and low ADX suggest caution. Failure to hold critical support at $0.92 could lead to a sharp decline, with potential downside targets as low as $0.55.
FARTCOIN ADX Shows the Current Uptrend Isn’t Strong
FARTCOIN ADX is currently at 13.1, reflecting weak trend strength despite the token’s significant price surge of over 30% in the last 24 hours.
The ADX has remained below 20 since December 27, indicating that while 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 in the context of an uptrend, an ADX of 13.1 suggests that FARTCOIN’s rally might be short-lived unless the ADX begins to rise, confirming stronger trend momentum.
In the short term, this could mean FARTCOIN price may face increased volatility or consolidation unless further buying pressure solidifies the uptrend.
BBTrend for FARTCOIN Is Still Very Negative
FARTCOIN BBTrend currently sits at -10.9, highlighting underlying bearish conditions despite the recent price surge. The BBTrend shifted into negative territory yesterday after staying positive for three days, indicating that the price momentum might not be as strong as the surge suggests.
While the BBTrend does not appear to be worsening, its current deeply negative level reflects sustained bearish pressure, even in the face of short-term gains.
The 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, it signals that bearish forces still dominate, casting doubt on the sustainability of the recent price increase.
For the surge to maintain its momentum, the BBTrend would need to climb back into positive territory, aligning the indicator with the upward price action.
FARTCOIN Price Prediction: Will It Reach New All-Time High?
If the current uptrend persists, FARTCOIN price could rise to test the $1.29 level, with the potential to push higher toward $1.35 and even $1.40, reaching new all-time highs and making FARTCOIN rise in the ranking of meme coins.
However, such upward movement will require strong trend confirmation to counter the underlying weakness suggested by recent technical indicators.
As highlighted by the ADX and BBTrend, the current uptrend may lack sustainability, raising concerns about a potential reversal. If FARTCOIN price fails to hold the $0.92 support, it could face a sharp decline, potentially testing $0.55, possibly making FARTCOIN lose its status as the 5th biggest meme coin on Solana.
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