Falcon Finance rose 6.6% in 24 hours but remains 80% below its all-time high.
The EMA crossover and rounding bottom pattern suggest a potential breakout.
Holding $0.13 support could lift FF toward $0.30, while failure risks a drop.
The Falcon Finance (FF) price has bounced, registering a 6.60% increase in the last 24 hours.
This comes amid a sideways price trend in the market. Despite the short-term rebound, the token still trades about 80% below its all-time high, which it reached on Sept. 29.
From a technical standpoint, FF appears ready to recover part of its recent losses. However, a quick return to its previous peak remains unlikely in the near term.
However, the token has recently bounced off the lower support line, suggesting that buyers are defending key levels.
Further, this also indicates that short-term selling pressure may be easing.
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Adding to the optimism, the 20-day Exponential Moving Average (EMA) (blue) has crossed above the 50-day EMA (yellow), forming a bullish crossover.
This position typically signals the early stages of a potential trend reversal, indicating improving momentum.
If buying volume continues to rise, FF’s price could attempt a breakout above the channel’s upper trendline, potentially setting up a short-term rally.
If validated, the altcoin will likely retest the resistance near $0.18. However, it is also important to note that bulls must defend the $0.13 support for this to happen.
Following the recent rebound, Falcon Finance has sparked mixed reactions among market participants.
Some analysts believe the price could extend its rally, citing improving technical momentum and rising short-term interest.
However, others remain skeptical about the move’s sustainability, arguing that short-term speculation may drive the recovery more than strong fundamentals.
If bullish sentiment outweighs the bearish remarks, FF’s price might increase. However, if demand doesn’t follow, it could be challenging to achieve.
FF Price Prediction: Tough Road
On the 4-hour chart, the Falcon Finance price has formed a rounding bottom pattern. This move is viewed as a bullish reversal signal, indicating a gradual shift from selling pressure to renewed accumulation.
Supporting this outlook, the Moving Average Convergence Divergence (MACD) has printed a bullish crossover, suggesting rising momentum and improving sentiment.
If this momentum holds, FF’s price could break above the resistance at $0.20, potentially paving the way for a move toward $0.24.
In a highly bullish environment, the token might even extend its rally toward $0.30, reclaiming a stronger technical position.
However, despite the improving structure, a full recovery to the all-time high remains unlikely in the short term.
Should selling pressure intensify, momentum may reverse, dragging FF below $0.12.
A failure to sustain the rounding bottom pattern could also lead to a pullback toward the lower boundary, delaying any sustained breakout attempt.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
