BYBiT

06/12 16:42

According to analysis, the Fartcoin market is curr

According to analysis, the Fartcoin market is currently overheating, with buyers and sellers battling for dominance.

As such, the market lacks strength as the upward momentum is weakening as it’s not supported by actual demand.

On the daily chart, FARTCOIN reached $1.50 but closed lower—another sign that sellers overwhelmed attempts to reclaim control.

Therefore, if the buying pressure builds, especially from whales as observed above, the market will see a trend reversal to the upside.

If buyers retake control of the market, Fartcoin will retest $1.54 and eye $1.6 resistance.

Conversely, if selling pressure builds at this level outpacing buyers, a short-term correction will emerge. Thus, we could see Fartcoin drop to $1.20 or even $1.07 before attempting another leg up.

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