FARTCOIN’s price is attracting attention as its market capitalization exceeds $1 billion, securing its position as the 9th largest meme coin in the market. Despite the recent rally of over 30% in the last 24 hours, technical indicators such as ADX and BBTrend show weak underlying momentum, questioning the sustainability of the uptrend.
While FARTCOIN price could test resistance at $1.29, $1.35 and even $1.40 if the rally continues, a deeply negative BBTrend and low ADX indicate caution. Failure to hold the critical support at $0.92 could result in a sharp decline with a potential downside target of $0.55.
FARTCOIN ADX shows that the current uptrend is not strong
FARTCOIN ADX is currently at 13.1, reflecting weak trend strength despite the token’s significant price increase of over 30% over the past 24 hours.
ADX has remained below 20 since December 27, indicating that although the price is rising, the underlying trend lacks strong momentum.
The Average Directional Index (ADX) measures the strength of a trend on a scale of 0 to 100, with values above 25 indicating a strong trend and values below 20 signaling weak or no trend strength. Even in an uptrend, an ADX of 13.1 suggests FARTCOIN’s rally may be short-lived unless ADX begins to rise, confirming stronger trend dynamics.
In the short term, this could mean that the FARTCOIN price could experience increased volatility or consolidation if further buying pressure does not strengthen the uptrend.
BBTrend for FARTCOIN is still very negative
FARTCOIN BBTrend is currently at -10.9, highlighting underlying bearish conditions despite the recent price surge. The BBTrend index moved into negative territory yesterday after three days of positive territory, indicating that price momentum may not be as strong as the surge suggests.
While the BBTrend does not appear to be deteriorating, its current deeply negative level reflects persistent bearish pressure even as it faces near-term gains.
BBTrend is a technical indicator based on Bollinger Bands that measures the strength and direction of a trend. Positive values indicate upward momentum, while negative values indicate downward momentum. FARTCOIN BBTrend at -10.9 indicates that bearish forces are still dominant, casting doubt on the sustainability of the recent price increase.
For the surge to maintain its momentum, BBTrend will need to return to positive territory, aligning the indicator with upward price action.
FARTCOIN Price Prediction: Will It Reach a New All-Time High?
If the current uptrend continues, FARTCOIN price could rise and test the $1.29 level, with the potential to rise to $1.35 and even $1.40, reaching new all-time highs and causing FARTCOIN to rise in the meme coin rankings.
However, such an upward move will require strong trend confirmation to counter the underlying weakness indicated by recent technical indicators.
As ADX and BBTrend highlight, the current uptrend may lack resilience, raising concerns about a potential reversal. If the FARTCOIN price fails to hold the $0.92 support, it could face a sharp decline, potentially testing $0.55, possibly causing FARTCOIN to lose its status as the 5th largest meme coin on Solana .
