FARTCOIN Delivers
Christmas Rally with 60%
Price Increase — What
Comes Next
Christmas Day appears to be raining gains for cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, but most
especially for a meme coin that has recently caught the attention of the
broader market—Fartcoin (FARTCOIN). In the past 24 hours, the price of
FARTCOIN has increased by 60%, outperforming every other meme coin in the top
100.
As a result, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s market cap has regained and surpassed the $1
billion market cap again. But what comes after this?
Fartcoin Sees Bullish Sentiment, Renewed Demand
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Yesterday, Fartcoin s price was $0.74 after a recent correction. During
the same period, however, BeInCrypto predicted , using several indicators,
that the meme coin could soon climb to the $1 billion market cap again.
Less than 24 hours later, FARTCOIN’s value rose to $1.20, and its market cap
is now $1.20 billion. According to our findings, this significant bounce could
be linked to improved sentiment around the token and rising demand.
On December 22, the token s Weighted Sentiment dipped into negative
territory. Weighted Sentiment gauges market perception of a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. A
positive reading reflects bullish comments, while a negative reading indicates
bearish sentiment.
Fartcoin Weighted Sentiment. Source: Santiment
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As shown above, the sentiment reading has bounced back into the positive
region, indicating that most remarks about FARTCOIN are now optimistic. If
this trend continues, the token’s value could climb higher and potentially
reach a new all-time high in the short term.
Furthermore, the Chaikin Money Flow (CMF) revealed that demand also soared due
to the positive sentiment around the meme coin . The CMF measures the flow of
money in or out of a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, helping to identify the level of
accumulation (buying) and distribution (selling).
When the CMF rises, it indicates a good level of buying pressure. Conversely,
a decline in the indicator’s rating• Рейтинги » Рейтинг suggests selling pressure. Based on the
daily chart, the CMF reading has significantly jumped, signifying a sustained
Fartcoin price increase in the short term. Fartcoin Chaikin Money Flow.
Source: TradingView
FARTCOIN Price Prediction: $2 Target Now Close
Meanwhile, a close look at the 4-hour timeframe shows that FARTCOIN faced
resistance at $1.25. The inability to break through this hurdle pulled the
price back to $1.20
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However, Bull-Bear Power (BBP) suggests that the retracement might not last
long. BBP shows whether the strength of buyers (bulls) outpaces that of
sellers (bears) or the other way around.
A positive reading favors bulls, while a negative one indicates strong bearish
pressure. Since it is the latter, the FARTCOIN price increase might continue.
If validated, the Solana meme coin might surpass the highest level of the wick
at $1.30 and probably climb toward $2. Fartcoin 4-Hour Analysis. Source:
TradingView
On the flip side, if selling pressure increases with bears in control, this
might not happen. Instead, FARTCOIN could decline to $0.88, invalidating the
Christmas rally in the process.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
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