FARTCOIN’s price has risen more than 30% in the last 24 hours, bringing its market cap back to $1.2 billion and trading volume to $435 million. Despite this strong surge, technical indicators show mixed signals about the trend’s sustainability.
The ADX remains low, suggesting weak momentum, while the Ichimoku Cloud indicates potential resistance ahead. Whether FARTCOIN continues rising toward $1.99 or faces a pullback depends on whether buying pressure remains strong enough to sustain the current move.
FARTCOIN DMI Signals Trend Weakness
FARTCOIN DMI chart shows its ADX at 18.2, which has remained at that level over the past few days. The ADX (Average Directional Index) measures trend strength, with values below 20 indicating weak momentum, while readings above 25 suggest a stronger trend forming.
When ADX surpasses 40, it signals a strong trend in either direction. Since ADX is still under 20, it suggests that while an uptrend is forming, the overall momentum is not yet fully confirmed.
However, the +DI has risen sharply to 26.4 from 12 in just two days, while the -DI has dropped from 28.6 to 19.3, signaling a clear shift toward bullish control. This suggests that buyers are gaining strength while selling pressure is weakening, aligning with FARTCOIN 30% price increase in the last 24 hours. However, ADX is still below 25, signaling the current trend could not last that long.
If ADX starts rising above 25, it would confirm a stronger trend, reinforcing further bullish momentum. For now, price action suggests an uptrend, but sustained buying pressure will be key to maintaining the move.
FARTCOIN Ichimoku Cloud Shows Challenges Ahead
FARTCOIN, now the third biggest meme coin on Sola
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Author: Tiago Amaral
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