- Analyst Martinez warns of a potential drop to $0.21 due to an “M” pattern on FARTCOIN’s 12-hour chart.
- Cryptorobotics identifies strong buy pressure between $0.50–$0.52.
- FARTCOIN disobeys bearish predictions, with bullish RSI, MACD, and Bollinger Band signals.
According to popular analyst, Ali Martinez, FARTCOIN’s bullish rally is about to end. Hence, he predicts a sharp decline in the coin’s price.
Martinez identified an ‘M’ pattern formation on the coin’s 12-chart beginning from march 12. He predicted that FARTCOIN’s price could dip to $0.21 if the ‘M’ structure plays out completely.
In contrast to Martinez’s viewpoint, analytics platform Cryptorobotics, identified strong buy pressure within the $0.50 to $0.52 region. The predicted that the token could surge to a local high of $0.65, if it holds above the $0.5 to $0.52 demand zone.
FARTCOIN Fails to Confirm to Bearish Predictions
Meanwhile, the meme-themed token, which dominated discussions in the crypto space when it launched, isn’t showing any signs of exhaustion yet. Its price movement has proven Cryptorobotics’ analysis to be true.
As of this writing, the sixth leading cryptocurrency among the meme-themed cryptocurrency trades at $0.7257, up about 35% over the last 24 hours, according to CoinGecko data. Despite the decline in the broader crypto markets, FARTCOIN continues to gain traction, rising by 212.4% in the last 30 days.
24-Hour Price Chart. Source: CoinGecko
The crypto asset’s market cap is still rising. It is currently at $726 million, more than triple its $200 million market cap of March 10, 2025.
Technical Indicators Support Bullish Momentum
In addition, the coin’s 4-hour chart indicates that its RSI is at 68.33, an indication of a strong bullish momentum. However, it is near 70 and a cross above this mark could signal overbought conditions.
4-Hour Chart MACD, RSI. Source: TradingView
The MACD indicates bullish momentum as the MACD line (in blue) crosses over the signal line (orange). Also, the histogram bars are increasing in size, suggesting an increasing strength in bullish momentum.
CoinGecko data further showed that FARTCOIN’s trading volume has noted an almost 60% increase in the past 24 hours. Furthermore, the Bollinger bands for FARTCOIN shows rising volatility and a clear breakout.
The price has crossed the upper Bollinger band, an indication of strong buying pressure. It also shows a notable sign of rising volatility as there is a continued increase in the distance between upper and lower bands.