title: Fartcoin (FART) Price Rise Stalls Despite 550% Surge as TD Sequential Indicator Signals Impending Profit-Taking

Fartcoin ($FART) has recorded a remarkable price rise over the past couple of months. However, as per the well-known crypto analyst Ali

Crypto analyst Ali has shared insights into the current overview of Fartcoin (FART) in the crypto market.

According to the analyst, TD Sequential on the 3-day chart is highlighting a sell signal.

Chart: TradingView

As per the crypto analyst, 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.

However, despite the massive 550% rise in Fartcoin, the TD Sequential indicator is now flashing a sell signal on the 3-day chart. This suggests that a wave of profit-taking could be on the horizon.

According to Benzinga, in 2023, the cryptocurrency market has witnessed remarkable feats, with BTC, the flagship token, aiming for the $50k level. In the mid-year, the crypto sector encountered a setback, largely att to the SEC's lawsuit against major exchange Coinbase (NASDAQ:COIN).

The post Fartcoin’s 550% Rise in 2 Months Could Lead to Profit-Taking, Warns Crypto Analyst appeared first on Benzinga.