FARTCOIN has experienced a sharp price increase of over 30% in the past 24 hours, propelling its market cap to $1.2 billion and trading volume to $435 million. Despite this surge, technical indicators present a mixed outlook on the sustainability of this trend.

The ADX indicator remains low, indicating weak momentum, while the Ichimoku Cloud suggests potential resistance on the horizon. The future movement of FARTCOIN towards $1.99 or a possible pullback hinges on the strength of buying pressure to maintain the current trajectory.

The FARTCOIN DMI chart reveals an ADX level of 18.2, reflecting moderate momentum in recent days. The rise in +DI to 26.4 and decline in -DI to 19.3 demonstrates a shift towards bullish sentiment, in alignment with the coin's recent price surge. However, the ADX still sits below 25, signifying the need for sustained buying pressure for the trend to continue.

In terms of the Ichimoku Cloud analysis, FARTCOIN faces challenges as it navigates a transition phase with potential resistance indicated in the near term. Although short-term momentum appears to be strengthening, a complete break above the cloud is required to confirm a trend shift.

The current price range for FARTCOIN is between $1.13 support and $1.3 resistance, with a potential target of $1.61 on the horizon. Breaking above this level could propel FARTCOIN towards $1.99, marking a significant increase. However, caution is advised as indicators suggest the current rally may not be sustainable in the long run.

Monitoring critical support levels will be vital in determining the future direction of FARTCOIN in the short term. As market conditions continue to evolve, the coin's ability to maintain momentum will be crucial in sustaining its upward trajectory.