April 2, 2025
Bulls Gain Momentum
FARTCOIN showed signs of reversing its bearish trend, with a bullish crossover between the 20-day and 50-day moving averages on March 28th.
The 20DMA provided support, and while the CMF briefly spiked above +0.05, it returned to neutral. The OBV was close to surpassing late February highs, indicating rising buying pressure and a potential bullish reversal.
Source: Coinglass
FARTCOIN surpassed $0.3615 resistance, turning it into support. The next target was likely $0.619.
Liquidation Concerns
The 4-hour chart showed a range formation, with $0.508 serving as a potential resistance. The CMF was subdued after the pullback, but the RSI bounced above neutral 50, signaling bullish momentum. Bulls hoped to flip $0.508 to support, triggering long opportunities.
The liquidation heat map showed key liquidity at $0.556, $0.60, and $0.64, with little liquidity below the price. This suggested that FARTCOIN was more likely to climb toward $0.64 than fall back to $0.38. A rally toward $0.63 and beyond seemed probable.
