FARTCOIN recorded a short-term price increase on March 11, rising nearly 1.8% over the past 24 hours as trading activity expanded across major cryptocurrency exchanges.
The move highlights renewed buying interest in the token following a period of broader weakness in the altcoin market. At the time of writing, Fartcoin is trading around $0.1535, with its 24-hour trading volume reaching $40.49 million, reflecting a 13.07% increase, according to data from CoinMarketCap.
Despite the daily recovery, the token remains under pressure on the weekly timeframe, showing a 5.71% decline over the past seven days.
Fartcoin’s market capitalization currently stands near $153.59 million, posting a modest 1.79% daily increase as market activity strengthens.
Also Read: FARTCOIN Momentum Reset: Can Buyers Drive Price Toward $0.23?
Market Structure Shows Base Formation
The chart of Fartcoin shows two major capitulation moves, each characterized by a -90% drawdown, a pattern often observed near cycle bottoms in highly speculative crypto assets.
After extreme selloffs, markets typically enter a compression phase, where volatility declines, and selling pressure is exhausted.
Price action now shows tight candles, reduced volatility, and stable but lower volume, suggesting supply is drying up. The asset is forming a base around $0.12–$0.18.
According to the crypto analyst Altcoin Sherpa, if accumulation continues, the first upside targets are $0.30, $0.40, and $0.70 as prior resistance levels.
This large area was where prices were moving up in a rush. If the tide continues coming in in sync with assets such as Bitcoin and Ethereum, the targets for the price could be as high as $1.00, $1.40, and $1.60.
Technical Indicators Signal Early Momentum Shift
Momentum indicators indicate the possibility of a trend change. The RSI (14) is at 40.76 with a signal at 39.70, indicating that the momentum is low but rising.
An RSI above 30 indicates that the bearish pressure is decreasing. The recent rise suggests that the buying momentum may improve if the RSI rises towards 50, as per the TradingView chart.
The MACD is also hinting at the emergence of a new bullish trend. The MACD line is at -0.01545, the signal line is at -0.01739, and the histogram is at +0.00194.
The MACD line has crossed the signal line, and the histogram is also rising, which indicates that the bearish momentum is decreasing and could turn into a bullish trend in the short term.
Also Read: FARTCOIN Tests $0.20 Support as Warning Targets Drop to $0.10
