Fartcoin price holds above key moving averages as cup and handle formation hints at another rally

Fartcoin is on the right track to recover the psychological level of $ 1 because it firmly holds above key mobile averages, defying wider macroeconomic uncertainty.

Fartcoin (Fartcoin) was recently under the spotlight, constantly emerging as the biggest winner in CoinMarketcap and Coingecko despite the widest macroeconomic uncertainty because of Trump’s prices. Trading currently at around $ 0.92, Fartcoin is up 7% in the last 24 hours, 60% in last week and 160% in last month. He now returns to the key psychological resistance at $ 1 – a level he approached for the last time at the end of January.

After closing below the bar of $ 1 on March 28 with a daily fence at $ 0.80, Fartcoin Price made some brief attempts to recover the level. However, after March 31, the decline resumed while the price continued to slip below $ 1 until it finally reached the bottom at $ 0.20. This level appeared as a key support zone and seems to mark the bottom of the cup part of a cup and manipulation in development – a model of classic optimistic continuation graph which often precedes a significant gathering.

Throughout March, the EvenThe price gradually climbed, taking up lost ground while it ended the right side of the cup. Then, a brief consolidation followed, with a shallow withdrawal in the range of $ 0.85 to $ 0.90, shaping what seems to be the start of the handle.

If Fartcoin recovers and then manages to maintain the psychological level of $ 1.00 with an increasing volume, it could trigger a bullish continuation movement. Key mobile mediums, including the 20 -day exponential mobile average and the 50 -day simple mobile average, still support this upward perspective. A bullish crossing between the two occurred on March 24, signaling a reversal of potential trend, and since then, the price has remained firmly above the two averages.

Adding to the bullish feeling, the relative force index is 69.29, just below the overheating threshold of 70. The move above 70 could confirm the force of the break, although it also increases the possibility of a profit taking in the short term. However, as long as RSI remains high without diverging from the price, he still supports the case of an upcoming rally.