Can FARTCOIN Break Out to All-Time-High or Will There Be More Correction?

FARTCOIN has seen a significant price recovery over the past three months, with a prominent upward trend helping this meme coin recover most of the losses it experienced in January and February.

However, despite the recovery, this altcoin has not yet reached a new All-Time-High (ATH), and the path to achieving that remains uncertain.

FARTCOIN may lose its position

The Moving Average Convergence Divergence (MACD) indicator suggests that the price increase momentum driving the recent FARTCOIN rally may soon be exhausted.

After more than three and a half months of an upward trend, the price crossover is near completion, and a price downcross seems imminent. This change in MACD could be a reversal signal, potentially leading to a FARTCOIN price decline.

With broader market conditions not appearing to strongly support the meme coin at this time, this trend reversal is drawing attention. Investors and traders may begin to act on the momentum shift, which could create downward price pressure in the short term.

On a macro scale, the Chaikin Money Flow (CMF) indicator is showing signs of weakness. Currently, CMF is experiencing a significant decline, signaling money flowing out of FARTCOIN.

This suggests that investors are beginning to take profits, potentially indicating that the current price action may be peaking.

These outflows reflect a change in sentiment. Market participants seem to believe that FARTCOIN has peaked at this point. If this outflow trend continues, FARTCOIN may face additional selling pressure, which could lead to a price decline in the coming days.

FARTCOIN price needs a boost

FARTCOIN is currently trading at $1.38, marking a 3-month upward trend that has helped this meme coin recover most of its losses from January and February.

However, the recovery is still far from complete. To achieve a new ATH, FARTCOIN needs to surpass $2.74.

At this stage, FARTCOIN is still about 97% away from its ATH of $2.74. Although a new ATH remains possible, the above factors make a price decline more likely.

If FARTCOIN loses the critical support level of $1.20, the upward trend will be invalidated, and the price could drop to $0.91.

However, if market conditions become positive and remain favorable, FARTCOIN could break through the resistance level of $1.54. Maintaining $2.00 as support would be a strong signal. This would indicate that the meme coin may be on track to surpass and form a new ATH.