FARTCOIN Rises 30%, Tries to Recover the $1 Billion Market Cap

FARTCOIN price reached a new all-time high on December 20, with its market cap surging to $1.2 billion. However, the token has since experienced a sharp correction, with its market cap now sitting at $882 million after a 30% decline over the last four days. However, it started to recover its trend, rising 33% in the last 24 hours.

Despite the pullback, technical indicators such as RSI and BBTrend highlight a mix of signals, suggesting both bearish pressure and the potential for a rebound. As FARTCOIN price approaches key resistance and support levels, its next move will depend on whether buyers regain control or if the downtrend persists.

FARTCOIN RSI Is Currently Neutral

FARTCOIN’s Relative Strength Index (RSI) is currently at 53.5, up significantly from 36 just a day ago. This rapid increase indicates a strong surge in buying momentum, as the token transitions from an oversold or weak market position into a more neutral zone.

The shift suggests that buyers have re-entered the market aggressively. This movement could potentially reverse recent bearish sentiment and setting the stage for a more balanced or bullish outlook.

FARTCOIN RSI. Source: TradingView

RSI is a momentum oscillator that measures the speed and magnitude of price changes on a scale from 0 to 100. An RSI above 70 typically indicates an overbought condition, signaling the potential for a price correction, while an RSI below 30 suggests an oversold condition, often preceding a rebound.

With FARTCOIN RSI at 53.5, it is in a neutral range, indicating that the token is neither overbought nor oversold. In the short term, this suggests room for further upward movement if buying momentum persists. However, the market may stabilize as it approaches higher RSI thresholds closer to 70.