After Surging by 550% in 2 Months, Is FARTCOIN About to Crash?

By: cryptopotato|2025/05/03 12:30:01
0
Share
copy
TL;DRThe Solana-based meme coin surged in value and popularity in the past few months and even entered the top 100 cryptocurrencies by market cap.After skyrocketing by triple-digits since its March low of under $0.2, is FARTCOIN primed for a major correction now?Well, this is what the TD Sequential indicator suggests. The metric, used to determine the market exhaustion for an underlying asset after it had traded predominantly in one direction for a while, has flashed a sell signal on the 3-day chart, according to Ali Martinez.Thus, the popular technical analyst indicated that investors might start to take profit following the impressive rally.#Fartcoin is up 550% over the past two months, but the TD Sequential is now flashing a sell signal on the 3-day chart, suggesting a potential wave of profit-taking ahead. pic.twitter.com/QiEJHC99At— Ali (@ali_charts) May 3, 2025Recall that the asset soared by 260% at one point on a monthly scale ending on April 11 when it first entered the top 100 alts. Although it exited the elite following a substantial correction later that month, it returned once again shortly after and has remained well within those parameters.A price tag of $1.11 and a market cap of over $1.1 billion mean that FARTCOIN is currently the 85th-largest digital asset by that metric, according to CoinGecko.However, Ali Martinez is not the only popular crypto analyst on X claiming that the asset is due for a correction. Captain Faibik indicated that FARTCOIN’s rising wedge and RSI bearish divergence formation on the 4-hour chart suggests a price slide to $0.72.In contrast, Altcoin Sherpa predicted a price surge to $1.5 or even $2 if the current market structure doesn’t turn out to be a fakeout.Fartcoin: $1.50 or $2 are next levels up as long as current region holds and this isn’t a fakeout pic.twitter.com/yDIDT67dTn— Altcoin Sherpa (@AltcoinSherpa) May 1, 2025The post After Surging by 550% in 2 Months, Is FARTCOIN About to Crash? appeared first on CryptoPotato.

You may also like

NeoSoul announced plans to integrate with the OKX Agentic Wallet, promoting AI agents' participation in the on-chain economy

After the integration is complete, the AI entity will be able to manage on-chain assets, pay service fees, and perform related on-chain operations.

Raising interest rates to protect STRC and selling coins to maintain credit, this time the strategy has chosen the two most expensive paths

The rebound in BTC prices can make all problems simple.

Why Is Bitcoin Lagging Stocks in 2026? AI Stocks, ETF Outflows, and the Nasdaq Rally Explained

Stocks are hitting record highs while Bitcoin continues to lag. Discover why AI stocks are attracting institutional capital and what it means for crypto traders.

Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline

Overview of Important Market Events on June 29

What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

In such a crowded cross-border payment arena, where is the next stop for the future?

Only by stepping into the mud can one have the chance to touch gold.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com