3 Cryptocurrencies That Reached All-Time Highs Today — December 13

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As a seasoned crypto investor with over a decade of experience navigating the tumultuous seas of digital assets, I find myself intrigued by this recent uptick in altcoins bucking the broader market downtrend. The meteoric rise of Fartcoin (FARTCOIN), Fasttoken (FTN), and Gigachad (GIGA) has caught my attention, with each token hitting new all-time highs today.

Despite a slight downturn in the broader cryptocurrency market, several altcoins have bucked the trend, hitting new all-time highs today.

BeInCrypto has analyzed three standout tokens, with Fartcoin (FARTCOIN) leading the charge.

Fartcoin (FARTCOIN)

During the early hours of Friday’s Asian trading, the meme coin FARTCOIN reached an unprecedented peak of $0.73. Currently, it’s being traded at $0.63, representing a 12% drop from its highest point.

Today marks the sixth consecutive daily peak in seven days, indicating a consistent rise in the popularity of FARTCOIN, largely driven by meme coin craze. The configuration of FARTCOIN’s Moving Average Convergence Divergence (MACD) aligns with this optimistic forecast.

Currently, the MACD line (which is represented in blue) sits above its signal line (represented in orange). When this pattern occurs, it’s generally interpreted as a bullish sign. This setup implies that the asset’s price might keep climbing. Such a crossover is typically viewed as a buy signal, indicating stronger buying pressure.

If the current pattern continues, FARTCOIN’s price could regain its peak value and even surpass it. Conversely, if there’s a significant increase in sellers, the price of FARTCOIN might dip down to approximately $0.56.

Fasttoken (FTN)

The digital currency Fasttoken, which operates on the primary blockchain network Bahamut, reached a record peak value of $3.26 today. Despite experiencing a 1% decrease in value since then, Fasttoken maintains a strong positive trend or bullish inclination.

This is confirmed by its rising Chaikin Money Flow (CMF). As of this writing, FTN’s CMF is at 0.71.

The Capital Movement Function (CMF) tracks the flow and balance of an asset over a designated timeframe, usually 21 days. If the CMF exceeds zero, it indicates that the asset is experiencing more buying activity than selling activity, suggesting a bullish or optimistic trend. This positive reading may indicate a possible price increase in the future.

If the rally continues, FTN could regain its maximum historical value of $3.26, potentially transforming it into a support base and climbing higher. On the other hand, if there’s an increase in selling activity, the value of this altcoin might drop significantly to $2.67.

Gigachad (GIGA)

Today, the Solana-based humorous cryptocurrency GIGA reached its peak of $0.080. However, it has experienced a decrease of 8%, currently trading at $0.074 as we speak.

Nevertheless, token accumulation persists among market participants, as reflected by GIGA’s rising Relative Strength Index (RSI). At the time of writing, this is at 66.23.

The Relative Strength Index (RSI) of an asset helps determine when it’s overbought or oversold. This index scores between 0 and 100, where figures above 70 imply the asset is overbought, suggesting it might need to be corrected. Conversely, values below 30 hint that the asset could be oversold, potentially leading to a rise or rebound.

The RSI value of 66.23 for GIGA suggests it’s approaching overbought territory. Despite ongoing bullishness, higher RSI values may hint at an impending reversal or pause. If there’s a dip, the meme coin could drop to approximately $0.063.

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2024-12-13 16:49