Fartcoin Drops 12.163% Despite Bullish Sentiment

Fartcoin's latest price was $0.8099, down 12.163% in the last 24 hours. Despite the recent sell-off by several whales, Fartcoin has managed to maintain its upward trajectory, indicating a strong bullish sentiment among investors.

Whale tracker Lookonchain identified significant sales of Fartcoin in the past few days, which initially raised concerns about a potential plunge in the meme token's value. However, the token has continued to climb, suggesting that it may have entered a new phase of price discovery.

The momentum behind Fartcoin is so strong that several Crypto Twitter profiles are predicting that it will soon surpass the $1 mark, with some even suggesting that this is the last chance to buy it below this level. The token's 30-period average has been above the 200-period for almost a month, which could indicate an impending selloff.

Additionally, the Relative Strength Index (RSI) for Fartcoin topped 75 a few days ago and remains high, another sign of relative overbuying. Despite this, the token is still 62% down from its all-time high of $2.48, leading some to argue that it is still undervalued.

If the recent tariff situation stabilizes further, Fartcoin could potentially reach $1.50 in the next month or so. The meme coin has outperformed major crypto assets and currently ranks as the market’s top gainer over the past day, with an assessment of the FARTCOIN/USD one-day chart showing that the meme coin now trades well above its Ichimoku Cloud.

The Leading Spans A and B, which comprise the momentum indicator, sit beneath Fartcoin’s price, forming dynamic support levels at $0.68 and $0.59, respectively. This setup suggests that Fartcoin remains in a strong uptrend, with the Ichimoku Cloud offering support in case of any pullbacks.

Traders often see this structure as a signal of sustained buying interest and market confidence. Therefore, as long as Fartcoin’s price holds above these leading spans, bullish momentum will likely remain intact. Further, the meme coin’s Relative Strength Index remains below 70, which means it has not yet hit overbought conditions, leaving room for further upside.

This RSI reading signals that Fartcoin is approaching overbought territory but has not crossed the 70 threshold yet. It suggests strong bullish momentum and hints at further price gains before buyers’ exhaustion hits. Fartcoin’s current position above its Ichimoku Cloud signals that it has not just broken through key resistance levels but is now trading firmly in bullish territory.

This indicates a clear shift in market sentiment, with buyers stepping in aggressively to support the rally. If bullish pressure remains, Fartcoin could continue its rally and climb toward $1.16. However, a resurgence in profit-taking activity could invalidate this bullish projection.

If sell-side pressure spikes, Fartcoin could shed some of its gains and fall to $0.74. If the support floor fails to hold, Fartcoin risks plunging below the Ichimoku Cloud to exchange hands at $0.19. Despite the potential for a pullback, the overall sentiment surrounding Fartcoin remains bullish, with many investors optimistic about its future prospects.