Fartcoin (FARTCOIN) Deep Analysis
1. Major Trend (Macro Trend):
From October 2024 (price $0.02) → January 2025 (ATH $2.62) → April 2025 (current price $1.01).
This means it has corrected about -60% from the highest peak.
But still x50 compared to the initial price.
→ The trend is still upward in the long term, just in a "cooling down" phase.
2. Important Support and Resistance:
3. Technical Indicators:
RSI: Neutral (47) → not overbought/oversold, meaning it is ready to go either way depending on volume.
MACD: About to cross upwards → there is a small bullish signal.
Volume: Currently normal, no crazy pump, meaning the movement is natural.
4. Market Sentiment:
Fartcoin falls into the hybrid memecoin category, like a combination of meme + fundamental because there are utility features in its ecosystem (NFT, staking).
This means that although it started as a joke, there is a reason for people to hold it long term as well.
But still: very sensitive to trending topics / viral news.
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Practical Buy/Sell Strategy
BUY:
Start averaging in (DCA) if the price approaches $0.90.
Add to position if there is a large bullish candle (strong volume).
SELL:
Partial sell at $1.20–$1.30 (recoup capital).
If it breaks and has a valid breakout, hold to $1.50–$1.60 for full take profit.
CUT LOSS:
If there is a strong breakdown below $0.80 (protect your capital bro).