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Fartcoin / Pudgy Penguins

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FARTCOINPENGU_HPJGSA.USD trade ideas

Fartcoin - it is a bit deflatedI was anticipating the price to continue to move up higher when it broke above the previous month high.   However, I need to acknowledge that the daily RSI is showing a clear negative divergence.  4H MACD is also starting to dive into bear territory.  RSI and Stochastic also are pointing downwards. The candle closed below 1.2932 zone (strong resistance/support level) and the recent 4h candle closed below the buy block.   It is still too early to conclude it is the start of the bear trend.  The price is still travelling along the ascending trendline.  I will wait to see what the price will do around $0.95 area where Fib 0.786 meets the trendline.   I intend to hold the tokens for this bull cycle.   I won't be considering to sell the tokens or open a short position.  I will just wait for an opportunity for re-entry. The blue rectangular area in chart might be the area of interest for re-entry.    The most important condition for me personally is that I won't go long when MACD in 4H (time frame I am trading in) and Stochastic in Daily (time frame I get a confirmation from) are not moving upwards.  The angles of these momentum indicators are very important in my experience.   
CRYPTO:FARTCOINUSD
by EbonyFalcon
Fartcoin - Fart is going to blast off The price has been consolidating since 21st Dec. Since 25th Dec, the price had been consolidating in the descending wedge pattern. It broke above it, retested, the top descending trendline and bounced back up. Now, the price is about to break previously week high. All momentum indicators in 4H and Daily are signalling the price to move up. ai16Z and Virtualprotocol both had the very similar set up in Daily chart before they had a parabolic leg up. I think it is a good place to go long. The profit target for me is $2. I don't trade with leverage.
CRYPTO:FARTCOINUSDLong
by EbonyFalcon
Fartcoin ($FART): The Meme Coin Shaking the Crypto WorldIn a world of serious financial protocols and innovative blockchain technologies, Fartcoin ($FART) has emerged as a lighthearted yet lucrative contender in the cryptocurrency space. From its humble beginnings rooted in fart jokes to its current billion-dollar market cap, this Solana-based meme coin is making waves in the market. Let’s explore the fundamental and technical aspects driving its success. A Billion-Dollar Market Cap Without Major Listings Fartcoin ($FART) recently hit a market cap of $1.09 billion, a remarkable achievement considering it has yet to secure listings on major exchanges like Binance or Coinbase. The token’s popularity is largely driven by its unique "Gas Fee" system, where every transaction triggers a digital fart sound, and its ability to gamify the initial token distribution through user-submitted fart jokes and memes. Trading Activity and Market Sentiment The daily trading volume of $FART stands at $221.6 million, with Bitget leading the charge as the most active trading platform. The FART/USDT pair on Bitget alone has recorded a 24-hour trading volume of $21.9 million, showcasing significant liquidity and user interest. Despite a slight dip of 3.9% in trading activity, the token remains resilient in an otherwise bearish crypto market. Performance Metrics - All-Time High (ATH): $1.29 (December 20, 2024) - Current Price: $1.09, reflecting a 15.1% dip from its ATH. - All-Time Low (ATL): $0.02003 (October 30, 2024), marking a staggering 5,380.04% increase to its current price. Fartcoin’s meteoric rise highlights its ability to outperform both the global crypto market (down 8.7%) and the meme coin sector (down 15.3%) in the last week, with a 19% price surge. Circulating Supply and FDV The circulating supply of 1 billion $FART tokens contributes to its fully diluted valuation (FDV) of $1.09 billion. With its emission schedule fully realized, the token has cemented its position as a leading meme coin. Technical Analysis As of now, $FART is trading 29.7% higher, demonstrating robust bullish momentum. The token is forming a bullish pattern that could pave the way for sustained upward movement. Key Support and Resistance Levels - Support: Immediate support is found at the 38.2% Fibonacci retracement level, which presents a strong buy zone for investors. - Resistance: The token’s recent high of $1.29 serves as a key resistance level, and breaking past this point could open the doors to even greater heights. Potential Long-Term Growth Given its strong community backing and unique appeal, Fartcoin is poised for a potential rally to $3 in the long term. Its current trajectory suggests that investors could witness significant gains as the meme coin sector regains traction. What’s Next for Fartcoin? Fartcoin’s rise underscores the power of community-driven projects in the crypto space. With its playful branding, unique tokenomics, and strong market performance, $FART has positioned itself as more than just a joke—it’s a serious contender in the meme coin arena. As the token awaits listings on major exchanges, its accessibility and adoption are likely to increase, further solidifying its position in the market. For now, investors are watching closely to see if $FART can maintain its bullish momentum and hit new all-time highs. Conclusion Fartcoin’s journey from meme to market leader showcases the evolving dynamics of the crypto space. Whether it’s the playful appeal of its "Gas Fee" system or its robust trading activity, $FART has proven that even the most unconventional ideas can find success in the world of blockchain. With strong fundamentals and a bullish technical outlook, Fartcoin might just be the breath of fresh air—or gas—that the meme coin market needs.
Long
by DEXWireNews
FARTCOIN Ready to Go Down?I usually don't cover highly speculative altcoins like CRYPTO:FARTCOINUSD but when I looked at the chart, it looked a clean 5 wave up complete. It looks ready to begin the correction from here. Difficult to say how this correction would unfold, i.e. ABC, WXY, WXYXZ. It should do a minimum of 38.2% retracement of the whole rise, though I would be open to much bigger correction (>50%). Having said that, exercise caution given the highly speculative nature of this coin. This view gets invalidated if the high of 0.92305 is breached.
CRYPTO:FARTCOINUSDShort
by YetAnotherTA