Fartcoin has surged 35% in the last 24 hours, marking a significant step in its ongoing recovery following several months of stagnation.
Fartcoin (FARTCOIN) has experienced a 35% increase in the past day, currently trading at $0.52, with a trading volume of $164 million. This rise is particularly notable as it signals a strengthening recovery from a lengthy period of consolidation that followed a decline from its all-time high of $2.48 on January 19.
The price of FARTCOIN began its rebound from the $0.20–$0.30 range, where it had remained stable from February until mid-March 2025. On March 19, the price jumped over 30%, climbing from $0.297318 to $0.395195.
Throughout this consolidation phase, trading volume remained fairly consistent, indicating that sellers had exhausted their momentum while accumulation was beginning to take place. March 24 marked a pivotal moment as FARTCOIN broke beyond $0.60, signaling the initiation of a breakout.
After briefly exceeding $0.60 on March 24, the price later retraced to around $0.40–$0.45. Buyers soon stepped in, prompting a steady ascent supported by rising volume, which culminated in today’s jump to $0.53. The Relative Strength Index currently stands at 59.26, nearing bullish territory without reaching overbought conditions. Moreover, the Moving Average Convergence Divergence indicator shows that momentum favors the bulls, with the MACD line (0.03618) positioned above the Signal Line (0.02951).
This breakout positions FARTCOIN close to local resistance levels of $0.60–$0.70. A sustained breakthrough above these levels could solidify a complete trend reversal, with potential for the price to test significant resistance around $1.20 – $1.30, a level established during the recovery attempts after the crash from the all-time high in January.