FARTCOIN has been on a notable price recovery trend for the past three months, bouncing back from losses incurred in January and February. Despite this positive trend, the altcoin has not yet reached a new all-time high (ATH), leaving its path to achieving one uncertain.

The Moving Average Convergence Divergence (MACD) indicator is signaling a possible slowdown in bullish momentum that has been driving FARTCOIN's recent rally. The bullish crossover that has lasted for over three and a half months is approaching its end, with a potential bearish crossover on the horizon. This MACD shift could trigger a reversal, leading to a downturn in FARTCOIN's price.

Given the current market conditions, which are not particularly favorable for meme coins, this trend reversal is gaining attention. Investors and traders may react to this changing momentum, creating downward pressure on the price in the short term.

On a larger scale, the Chaikin Money Flow (CMF) indicator shows signs of weakening, with outflows from FARTCOIN becoming more apparent. This indicates that investors might be taking profits and preparing for a potential peak in the current price action.

If this trend of outflows continues, FARTCOIN could face increased selling pressure, resulting in a decline in price in the days ahead. FARTCOIN is currently trading at $1.38, with a significant distance of approximately 97% from its ATH of $2.74. Breaking the $2.74 level is essential for a new ATH, but factors suggest a higher likelihood of a price decline.

In case FARTCOIN fails to maintain the key support level at $1.20, the uptrend would be invalidated, potentially leading to a drop to $0.91. However, a bullish shift in market conditions could help FARTCOIN surpass the $1.54 resistance and secure $2.00 as support, signaling a potential move towards forming a new ATH.

The article provides an analysis of FARTCOIN's price trajectory, highlighting potential trends and challenges the altcoin may face in the near future.