Europhoric sentiment is growing in the crypto markets as Bitcoin is moving up into $90,000 area today. Altcoins are not waiting around and some are continuing their runs. Fartcoin meme crypto is up 21% at the time of writing this article and some are calling for a new ATH. Dive into today’s chart analysis and discover key levels and trends to watch.
last fartcoin shill until $1b+
break $1b and head to new ath
break ath and head to $10b
hot air rises pic.twitter.com/GfewrBPxDM
— RookieXBT
(@RookieXBT) April 16, 2025
“Hot air rises” is what the fartcoin community likes to say and with it meaning that the price will inevitably go up. Is this what will happen soon?
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Let’s dive into today’s technical analysis below.
Fartcoin Meme Crypto New ATH Potential: Chart Analysis
The 1 Day chart is showing us clear signs of a bottom. The increase in volume and the Cup&Handle pattern followed by a Bullish Engulfing candle is something like a coffee with an amazing biscuit or a cake with a cherry on top. In other words – bullish on all possible fronts. Including the change of market structure and setting the beginning of an uptrend again. The way price is coiled and volume is significantly higher than during the sell off from ATH could mean a move to a new ATH.
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Next on the list to analyse is the 12H chart. It gives us a clearer picture of where the volume is distributed. We will see that even better below – on the 4H chart. But here we can already see that the volume of the last pump from $0.80 to $1.10 is not very high. RSI is also topping for the third time. Does that mean buyer exhaustion? Possibly. Though it could be that it is only the start of more serious buying. First we need to see price reclaim the $1.40 level.
Low Timeframe Uptrend and Concluding Notes
For the end – an analysis on the 4H chart. MAs have been beautifully reclaimed. That single retest of MA200 was a deviation and an amazing long entry opportunity. MAs can be neglected, but they do provide these high R:R trade entries, if one is to pay close attention and execute without fear. And with proper risk management, of course.
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Low volume on the last pump can mean seller exhaustion – buyers moved the price easily. Low volume and high RSI requires caution. It is definitely late to get a good entry here. Though a retest of the last red line or of a Moving Average could be a great buy opportunity.
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Fartcoin Meme Crypto Set to Explode: New ATH Soon?
- Key level to reclaim is $1.40 before we can hope for new ATH
- RSI and volume look exhausted on 4H timeframe
- Cup and Handle bottom formed and price is in an uptrend
The post Fartcoin Meme Crypto Set to Explode: New ATH Soon? appeared first on 99Bitcoins.