crypto.news 2025-04-01 11:31:49

Fartcoin price surges 35% as recovery gains momentum

Fartcoin has jumped 35% in the past 24 hours, reinforcing its ongoing recovery after months of consolidation. Fartcoin ( FARTCOIN ) is up 35% in the past 24 hours, currently trading at $0.52 with trading volume at $164 million. The surge is noteworthy as it indicates a strengthening recovery from the prolonged consolidation phase which ensued after the price crashed from its all-time of $2.48 high on Jan, 19. The FARTCOIN price started rebounding from the $0.20–$0.30 range, where it has been consolidating from February to mid-March 2025, around March 19, when the price surged over 30% from $0.297318 to $0.395195. During this consolidation period, trading volume was relatively stable, suggesting sellers had exhausted their momentum and accumulation was underway. March 24 marked the turning point, as FARTCOIN surged past $0.60, signaling the start of a breakout. Source: Trading View However, after briefly surpassing $0.60 on March 24, the price bottomed out around $0.40–$0.45. Buyers then stepped in, driving a steady climb with rising volume, culminating in today’s surge to $0.53. Relative Strength Index is currently at 59.26, approaching bullish territory but not yet overbought. Moving Average Convergence Indicator also supports that momentum is on the bulls’ side, with the MACD line (0.03618) above the Signal Line (0.02951). With this breakout, FARTCOIN is now approaching local resistance levels around $0.60–$0.70. A sustained push above these levels could confirm a full trend reversal, with the price potentially testing the major resistance at around $1.20 – $1.30, the level established when the price tried to recover after the crash from ATH in January. You might also like: Fartcoin price forms bullish pattern, signals further gains