Meme coin FARTCOIN, based on the Solana blockchain, has shown the best performance in the market in the past 24 hours with a 30% growth, surpassing other top cryptocurrencies. This price surge happened while the overall market only improved by 2%. FARTCOIN managed to break free from a downward trend line that previously kept its price on a declining path. This downward pattern emerged when traders started selling and taking profits after the price hit $2.74 on January 19. However, the increased demand for FARTCOIN and breaking through this trend line indicate a reduction in selling pressure and the market control shifting to buyers. Additionally, the rise in FARTCOIN’s open profit index shows an increase in traders’ confidence, strengthening the bullish outlook. Currently, this cryptocurrency’s open profit index has reached $221 million with a 28% increase in the past 24 hours. If FARTCOIN can maintain its upward momentum above the broken trend line, further growth is possible, potentially surpassing the $1 range and reaching $1.05. However, if traders start profit-taking, this upward trend may reverse, causing the price to fall back below the descending trend line and drop to $0.40. You can monitor the prices of all tokens and cryptocurrencies live and in real-time on the instant digital currency price page.
