The context: Fartcoin is a crypto token which is part of the category of the same corners, digital assets mainly based on speculation and having little or not at all of use. While many assets accuse an important decline in their price and their volumes of transactions due to recent problems of the crypto market, Fartcoin has increased in these two same areas, attracting impressive purchasing orders. Fartcoin in contrast to the fall of the market The upward dynamic of Fartcoin is currently obvious, fueled by a sharp increase in the volume of transactions. By reflecting on the recent trend of the same corner, the crypto trader “Rookiexbt” noted in a post on X on March 7 that Fartcoin displays “a growing volume while the world collapses”, adding that “no other piece acts in this way. The volume of Fartcoin transactions amounts to $ 363 million at the time of writing this article, with a jump of more than 80 % in the last 24 hours. Price and volume of Fartcoin transactions. Source: Santiment When the price of an asset increases in parallel with its volume of transactions, this testifies to a strong market interest and a solid conviction behind the course movement. The high volume of Fartcoin transactions confirms that this is generalized participation rather than isolated transactions that support its increase. This combination is thus a bullish signal, suggesting that the trend could benefit from the momentum necessary to continue. In addition, the configuration of the parabolic stop and reverse indicator (SAR) of the token supports this upward perspective. At the time of writing the article, the points of the Momentum indicator are below the Fartcoin course on his daily graph. Fartcoin price analysis. Source: TradingView As a reminder, the parabolic indicator SAR of an asset identifies the potential direction of the trend and its possible reversals. Thus, when its points are placed under the price of an asset, the market is in an upward trend. This indicates that the price of an asset is increasing and that its progression could be maintained. Continuation of the rise or sudden turnaround of the course? The two-digit rally of Fartcoin pushed it beyond the key resistance of $ 0.54, which he had struggled to cross in the past two weeks. Thus, if demand is strengthened, this price level will solidify in a support floor, and the rally of the same corner could continue. In this case, the price of Fartcoin could increase to $ 0.73. Fartcoin price analysis. Source: TradingView On the other hand, a break from the support floor of $ 0.54 could lead to a drop in the price of the same corner to $ 0.34. Morality of history: the noisiest cryptos survive the Krach. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.
