The meme-driven Solana asset FARTCOIN is showing signs of a festive recovery today, bouncing back after a period of intense bearish pressure. The token is currently benefiting from a relief rally as it attempts to reclaim its standing above key psychological levels.
Today’s Price Movement
• Daily High: $0.2963
• Daily Low: $0.2755
• Current Price: Approximately $0.2920, marking a steady 4.3% increase over the last 24 hours.
Trading Signal: The "Counter-Trend Bounce"
While the long-term daily and 4-hour charts remain technically bearish, short-term indicators suggest a localized bottom has formed.
Signal Status: Moderate Buy (Scalp/Short-term) The 1-hour RSI is currently hovering near 46, signaling that the previous "oversold" exhaustion is turning into buying momentum. For active traders, a decisive break and hold above $0.30 would confirm a trend reversal toward the $0.32 resistance zone.
Risk Management: If you are looking to enter, keep a tight stop-loss around $0.2710. A drop below this level would invalidate the current recovery and likely lead to a test of the $0.26 liquidity pocket.
#MemeCoinSeason #BullishMomentum #TradingSignals #BinanceSquare
