FARTCOIN price has climbed 7% in the last 24 hours, recovering its $1 billion market cap and now sitting at $1.1 billion, placing it as the 91st largest crypto and a top 10 biggest meme coin. Technical indicators like the DMI and BBTrend show a shift from bearish to bullish conditions, with increasing buying pressure and improving sentiment.

The EMA lines signal a potential golden cross, pointing to the possibility of an uptrend that could push FARTCOIN toward new all-time highs at $1.61. However, critical support at $0.92 must hold to avoid a potential correction of up to 51%.

FARTCOIN DMI Shows the Trend is Shifting

FARTCOIN DMI shows its ADX at 29.5, down from 41.1 four days ago. This indicates a decrease in trend strength as the market shifts from a downtrend to an uptrend.

The +DI has risen sharply to 30.6 from 13 two days ago, showing increased buying pressure, while the -DI has dropped to 13.2 from 28.7, indicating reduced selling pressure.

This shift suggests buyers are gaining control, supporting the formation of the uptrend, but sustained momentum will be needed for further upward movement.

FARTCOIN BBTrend Is Now Positive

FARTCOIN BBTrend is currently at 0.48, turning positive for the first time since January 8 after hitting a negative peak of -59.9 on January 12. This shift into positive territory signals a transition from bearish to bullish conditions, indicating improving market sentiment as meme coins rebound after recent corrections.

The BBTrend, or Bollinger Band Trend, measures price deviations relative to Bollinger Bands to evaluate trend strength and direction. Positive values indicate bullish momentum, while negative values reflect bearish trends.

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Author: Tiago Amaral