- Fartcoin is negotiated at $ 1, marking a loss of more than 8%.
- Daily trading volume increased by 80%.
Cryptography prices opened the day on a lower note, and later, global market capitalization attempted a recovery, increasing 2.69% to 3 dollars. The main assets like Bitcoin and Ethereum try to escape the bear trap. Meanwhile, Fartcoin posted a solid loss of more than 8.94%.
In the early hours, the assets negotiated At a summit of $ 1.11, and gradually, the Bears brought the price to a hollow of $ 0.9763. With a market capitalization of $ 992 million, Fartcoin is negotiated at $ 1. In addition, the daily trading volume has reached $ 221 million. In particular, the market experienced $ 4.15 million in Fartcoin liquidation.
Fartcoin has won around 94.50% in the last thirty days. He started to negotiate himself in the range of $ 0.471 and reached a monthly summit of $ 1.27. The assets failed to maintain the momentum and fell to the current level of negotiation.
Can Fartcoin free himself from the downward trend?
The four -hour trading graph of Fartcoin has regular negative impetus. If the downward trend remains, the price could drop and test the support at $ 0.96. With its potential to push below $ 0.91, the asset could form a cross of death, looking at more inconvenience.
On the contrary, if the Bulls are gaining momentum, the price of the assets could burst towards the increase and test the resistance of $ 1.14. After breaking this level, subsequent resistance could be in the $ 1.26 range. An upward correction will bring the golden cross.
In addition, the technical analysis of Fartcoin reports that the line and signal line of the Divergence of Mobile Average Convergence (MacD) are lower than the zero line. It indicates a drop -down price movement.
The Chaikin monetary flow indicator (CMF) found at 0.04 suggests a slight positive purchase pressure, and the capital flows into the assets. Meanwhile, Fartcoin's daily trading volume increased by more than 80.58%.
The daily index on the daily relative force of Fartcoin (RSI) settled at 29.11, which implies that the assets occurred territory on the market. In addition, reading Bull Bear Power (BBP) of -0,1158 stresses that bears have control, showing weakness.
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