🚨 Fartcoin Frenzy: The Stinky Rise to $0.64? 🤑

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  • Hold onto your nose, Fartcoin traders might just have a reason to smile (short-term, at least)!
  • The three-month downtrend? Yeah, that’s so last season… or at least, it’s trying to be.

Fartcoin [FARTCOIN], the memecoin that’s been clearing rooms with its volatility, seems to be on a mission to establish an uptrend. And why not? Bitcoin [BTC] has been having a bit of a grumpy week, which, in a twisted turn of events, pushed FARTCOIN into a 40% correction. Silver linings, right? 🌫️

The corrective move ended on March 31st, and since hitting those dismal lows of $0.383 on April 1st (no fool’s joke, unfortunately), FARTCOIN has been on a tear, up a whopping 35%. Who needs April showers when you can have Fartcoin flowers blooming? 🌼

Fartcoin Bulls: The Wind Beneath Its Wings

Peeking at the 1-day chart, it’s clear Fartcoin is trying to turn over a new leaf – or should we say, a new gas cloud? 🌫️ The 20 and 50-day moving averages had a lovely bullish crossover dance on March 28th, and since then, the 20DMA has been the reliable significant other, providing dynamic support to the price.

Now, let’s talk money moves: the CMF (that’s Cash Flow Magic for you non-financial wizards 🔮) briefly popped above +0.05, signaling some serious cash inflows, but then quickly returned to its coy, neutral self. Meanwhile, the OBV (On Balance Volume, for those in the know 🤫) is on the cusp of surpassing those late February highs, indicating buying pressure is on the rise, albeit not overwhelmingly so… yet. 🤔

All this financial wizardry means one thing: the odds of a bullish reversal are looking stronger than a fart in a small room. 🚽 FARTCOIN has already flipped the $0.3615 resistance into support – a big deal, trust us. Next on its agenda? Likely flipping the $0.619 level to support as well.

Zooming in on the 4-hour chart, we’ve got a possible range formation that’s been unfolding over the past week. That mid-range level at $0.508? It’s been a support superstar in the past and might just become a resistance hero in the hours to come.

The H4 chart’s CMF is feeling a bit meh due to that dramatic pullback from $0.63 to $0.39, which marked the range’s extremes. BUT, in recent hours, the price has bounced back with gusto, propelling the RSI above the neutral 50 mark – a clear sign of bullish momentum. Bulls, take note: flipping that $0.508 mid-range level to support soon could be your green light to go long.

Lastly, the Fartcoin liquidation heatmap (because, why not? 🤷‍♂️) reveals significant liquidity at $0.556, $0.6, and $0.64. The takeaway? It’s more likely FARTCOIN will make a stinky ascent towards $0.64 in the coming days rather than a smelly plummet towards $0.38. So, traders, anticipate a rally towards that short-term range high at $0.63, and maybe, just maybe, higher. 🚀

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2025-04-02 07:07