Fartcoin Price Surges 15%, Yet Traders Prefer a Fresh Solana Trading Bot ICO for Potential 100-fold Profits
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The Fartcoin price is shooting up, rising a whopping 15% in just 24 hours to $1.2463 at 11:40 a.m. EST, with a reduced trading volume that slipped 10% to $438 million.
Is Fartcoin Bouncing Back?
After facing roadblocks in late May, Fartcoin took a nose-dive to find basic support around $0.89. This helped the price to bounce back, forming a rounded bottom pattern, typically considered a bullish reversal pattern. However, Fartcoin currently seems to be running into some resistance at the $1.43 upper level.
Interestingly, despite this, the drop may be just what the Fartcoin doctor ordered, as the price now remains comfortably above both the 50-day and 200-day Simple Moving Averages (SMAs), an indicator that buyers are still calling the shots.
Meanwhile, Fartcoin is experiencing a bit of drama between the bears and the bulls, with the Relative Strength Index (RSI) hovering around the 50-midline mark, currently at 52. The Moving Average Convergence Divergence (MACD) is also optimistic, with the blue MACD line crossing above the orange signal line and the green bars on the histogram backing up this positive outlook.
FARTCOIN/USD Chart Analysis (Tradingview)
Fartcoin Price Forecast
According to the Fartcoin/USD chart analysis on the 1-day timeframe, the price might be gearing up for a bullish comeback from this support, aiming for the $1.48 resistance. It's possible that this surge will shape the handle part of the cup and handle pattern, which is often associated with a bullish predictor. More pressure from the bulls could then see Fartcoin soaring to the $1.99 peak.
On the flip side, if the bears seize control at this point, the price of Fartcoin could take a dip to create some cushion around the $1.00 support level.
In the meantime, keen investors are turning their attention to a swanky new ICO called Snorter Token (SNORT).
Is Snorter Token the New Sensation?
Snorter Token has caused quite the buzz with its charming aardvark mascot and is built on the lightning-fast Solana blockchain. The token has pulled in a colossal $948,487 since its presale launch, thanks in part to some powerhouse whale purchases worth over $200,000.
Snorter's main draw is its promise to provide swift trades with minimal fees, making it a dream come true for retail traders looking to join the meme coin frenzy. The bot offers transactions that take sub-second turnarounds, allowing traders to get in on new tokens ahead of the big players.
Snorter also leaves its competition in the dust when it comes to fees. By holding the SNORT token, traders can slash execution fees from 1.5% down to 0.85%. Not too shabby! Plus, Snorter comes equipped with MEV protection, rug-pull detection, copy-trading, and a live dashboard to help track your portfolio and profits with ease.
On top of its trading features, annual staking rewards currently stand at a mouthwatering 324%. The rate decreases as more investors sign up, making it a strategic move to stake early. You can snap up tokens on the official website at a discounted rate of $0.0951 using SOL, ETH, BNB, or directly with a bank card.
The countdown is on, folks! Get in while you can.
Get Snorter Token
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- Investors should watch the developing situation with Snorter Token, an exciting new ICO built on the Solana blockchain that already raised $948,487 during its presale, offering swift trades, low fees, and impressive features like MEV protection, rug-pull detection, copy-trading, and a live dashboard.
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