Fartcoin ($FART) has recorded a remarkable price rise over the past couple of months. However, as per the well-known crypto analyst Ali, amid Fartcoin’s staggering 550% surge over 2 months, TD Sequential Indicator signifies an impending profit-taking. The crypto analyst took to social media to share insights into the current overview of Fartcoin (FART) in the crypto market.
The TD Sequential (Tom DeMark Sequential) is a technical analysis indicator designed to identify potential trend reversals and time market entries and exits. It was developed by Tom DeMark, a well-known technical analyst.
Despite 550% Surge in Fartcoin’s Price TD Sequential Highlights Concerns of Looming Profit-Taking
According to Ali, Fartcoin ($FART) has made a staggering 550% profit throughout the last 2 months. Even then, the current technical indicators highlight a potentially upcoming profit-taking event. In this respect, the crypto analyst pointed toward TD Sequential indicator, which is now showing a sell signal. This signal reportedly indicates the likelihood of an approaching profit-taking wave a the early $FARTCOIN investors endeavor to lock gains.
In addition to this, in line with the market data, the price movements of Fartcoin against Tether ($USDT) express an impressive rally on Binance. Particularly, its high and low price levels stand at 1.2890 $USDT and 1.1106 $USDT respectively. In this respect, the crypto token is enjoying a bullish sentiment amid the growing positive sentiment among investors.
Continuous Bull Run or Likely Pullback Remains to Be Determined
Nevertheless, although Fartcoin ($FART) has surged by 550%, the TD Sequential indicator raises concerns over potential profit-taking. Hence, this denotes a position and could lead to either direction. Meanwhile, the traders will keep watching whether $FART sustains bullish trajectory or plunges into a pullback.
