$FARTCOIN hit a 24-hour high at the current price of 0.1735, above the previous high of 0.1691.
After hitting a new high, prices generally take one of three paths:
① Pull back to the previous high, hold above it, then move up another step: strongest
② Churn around the previous high: turnover as the market waits for direction
③ Quickly fall back below the previous high and fail to reclaim it: a bull trap
For now, the price is still above the previous high. Let’s see whether it follows path ① or ②.
After hitting a new high, prices generally take one of three paths:
① Pull back to the previous high, hold above it, then move up another step: strongest
② Churn around the previous high: turnover as the market waits for direction
③ Quickly fall back below the previous high and fail to reclaim it: a bull trap
For now, the price is still above the previous high. Let’s see whether it follows path ① or ②.