FARTCOIN technical Outlook.
$FARTCOIN struggles at the 200-day EMA
Fartcoin edges lower by 1% from the 200-day EMA at $0.9309 at press time on Thursday, struggling to extend the 6.76% gains from the previous day. The intraday pullback halts the two straight days of recovery, reflecting a slowdown in the falling wedge breakout rally on the daily chart.
If Fartcoin exceeds the 200-day EMA at $0.9309, it could extend the rally to the 50% retracement level, which is drawn from the July 22 peak at $1.6900 to the September 2 low of $0.6835, at $1.0748.
The RSI holds a steady move above the halfway line at 54, suggesting a bullish incline. At the same time.
Looking down, if Fartcoin extends the intraday pullback, it could retest the $0.6839 support floor.
