Meme coin FARTCOIN has viewed its price skyrocket by 27% correct via the final week. This bullish flee culminated on January 2, with the token reaching a brand novel all-time high of $1.47 all the contrivance via the day’s buying and selling session.
Alternatively, this surge has strategy at a mark: heightened market volatility now threatens the meme coin’s extra gains.
FARTCOIN’s Gains at Risk Amid Surging Volatility
BeInCrypto’s review of the FARTCOIN/USD one-day chart reveals that the altcoin now trades above the upper line of its Bollinger Bands Indicator.
This indicator measures an asset’s mark volatility and identifies overbought or oversold prerequisites. It contains three traces: a straightforward transferring common (center band) and two bands (upper and lower) representing same old deviations above and under the transferring common.
When an asset’s mark breaks above the upper band, it suggests a spike in volatility as its recent price is transferring very much away from its common. It furthermore indicates that the asset can be overbought and due for a mark correction.
Additionally, FARTCOIN’s Average Factual Vary (ATR) touched an all-time high of 0.25 on January 2, confirming the spike in market volatility. As of this writing, the indicator stands at 0.24.
The ATR is a volatility indicator that measures the common vary between an asset’s high and low costs over a specified duration. When it rises worship this, it indicates a surprising elevate in mark motion, signifying heightened volatility within the market.
FARTCOIN Price Prediction: Key Stages to Analysis
On the entire, heightened market volatility will improve the probability of gigantic mark actions, leading to an asset’s mark breaking out in both an upward or downward direction. Because of the this truth, if bullish stress persists, FARTCOIN might well well even score away in an uptrend, reclaim its all-time high of $1.47, and rally extra.
Alternatively, if selling exercise gains momentum, the meme coin’s mark will score away in a downtrend and ought to fall to $0.Fifty three.
