The Solana-based meme coin FARTCOIN has shown unexpected performance over the past month. This altcoin has risen nearly 250% in the past 30 days, ignoring market difficulties.

However, buyer fatigue may soon appear, which could trigger FARTCOIN holders to realize profits.

FARTCOIN Enters Overbought Zone

FARTCOIN's three-digit rally pushed the meme coin's price above the upper band of the Bollinger Bands (BB) indicator. This indicates an overbought state.

The BB indicator identifies overbought or oversold conditions and measures the price volatility of an asset. It consists of a simple moving average (middle band) and two bands (upper and lower) representing standard deviations above and below the moving average.

When the price breaks through the upper band, it means the current value of the asset significantly deviates from the average, entering an overbought state and requiring a price adjustment.

This pattern suggests that FARTCOIN's current price level may not be sustainable, increasing the possibility of a short-term correction.

Moreover, the token's Relative Strength Index (RSI) reading confirms it is almost in an overbought state. At the time of reporting, this momentum indicator was located at 69.09.

The RSI indicator measures the overbought and oversold market conditions of an asset. It ranges from 0 to 100. Above 70 indicates an asset is overbought and needs a price decline, while below 30 indicates the asset is oversold and may rebound.

At 69.09, FARTCOIN's RSI signals that the meme coin is almost overbought. The upward momentum may weaken, and a price correction could be near.

Reach $1.16? Or Return to $0.37?

If the current momentum disappears, FARTCOIN may experience a short-term correction and lose some recent gains. In this case, the Solana-based asset could retest support at $0.74.

If it fails to maintain support, the downtrend could intensify, continuing to fall to $0.37.

However, if FARTCOIN maintains its upward trend, it could rise to $1.16.