Fartcoin price fell by 8% as investors shifted towards this cryptocurrency

Fartcoin price fell 8% over the past 24 hours to trade at $1.70 as of 11:26 PM EST, with trading volume down 22% to $525 million.

Fartcoin price can recover

the Fartcoin price On the 4 hour time frame earlier formed A rounded bottom pattern, and took advantage of it to rise above the $1.56 resistance level.

However, after the hack, Fartcoin price fell sharply, currently sitting near $1.70. FARTCOIN price appears to be testing previous resistance, which has now turned into support at around $1.56, according to engadget. GeckoTerminal data.

Retesting this level is crucial, as maintaining it may indicate a continuation of the uptrend.

Fartcoin price is now trading well above the 50 and 200 period simple moving averages on the 4-hour chart, indicating that FARTCOIN could still enter into an upward move.

Meanwhile, the Relative Strength Index (RSI) is at 49.36, hovering near the neutral 50 level. This indicates that the momentum is neither strongly bullish nor bearish, and the market may be strengthening as traders wait for more direction.

More importantly, the RSI has cooled significantly from previous overbought levels, making way for another potential upward move.

FARTCOIN eyes $2.5

Fartcoin price is currently at a critical juncture, with $1.56 acting as a strong support level.

If Fartcoin price holds this level, a bounce towards $2.00-$2.20 is likely, with the possibility of a retest of the previous high near $2.50 if bullish momentum resumes.

However, a break below $1.56 could trigger further declines, potentially targeting the 200-period simple moving average around $1.14 as the next major support.

As the price of FARTCOIN declines, investors are also buying a new meme coin called MEMEX Index.

According to cryptocurrency analyst and YouTuber Jacob Burri, who has over 54k subscribers, MEMEX has the potential to be the next 10x cryptocurrency.

The Meme Index generated over $2.7 million

Meme Index (MEMEX) has achieved a significant milestone by raising over $2.7 million during its ongoing pre-sale.

The platform offers four distinct investment baskets – Titan, Moonshot, MidCap and Frenzy – catering to different risk appetites. These baskets range from including tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) to high-potential, high-risk emerging cryptocurrencies.

By holding MEMEX tokens, investors gain access to these curated wallets, simplifying the process of investing in the memecoin sector.

🚨 Meme Indicator is now available in upcoming icons! 🚨@memecoin_index Offering the first ever diversified platform for meme coins, powered by… $mimexGiving unparalleled access to the $120 billion coin market.

Meme Index provides exclusive access to indexes that meet all risks… pic.twitter.com/GsiBBuZOzX

— Best Wallet (@BestWalletHQ) December 27, 2024

A notable feature of Meme Index is its staking program, which currently offers an annual return of around 856%.

You can buy MEMEX tokens on the official website for just $0.0154693 to participate in the pre-sale.

Buy MEMEX here to get the best deal before its price rises in 44 hours.

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