FARTCOIN Rallies 24% on Whale Activity and Eyes $1.80 Breakout
FARTCOIN, a Solana-based meme token, surged over 23–24.5% in 24 hours to around $1.56, breaking the $1.53 resistance after consolidating between $1.20 and $1.33 for three months. Twenty-four-hour trading volume climbed to $556–576 million, while open interest on derivatives hit a record $1.05 billion, up $250 million in two days. Major whale trades shaped recent price swings: an initial sale of 1.459 million FARTCOIN for 10,509 SOL (locking in about $963,000 profit) and later offloading 4.76 million FARTCOIN for over 1 billion PUMP tokens, triggering a 10% dip and spiking PUMP volume. These whales have since reaccumulated and now control more than 50% of the token’s supply, hinting at coordinated liquidity management and a potential short squeeze above the critical $1.80 resistance. Technical indicators—including a rounded bottom pattern, rising RSI (67), MACD momentum and positive order‐flow deltas—confirm growing bullish momentum. Holding above $1.52–$1.53 could propel FARTCOIN toward its $2.48 all-time high, while a drop below $1.45 risks a revisit of the $1.38–$1.40 accumulation zone. Overall, FARTCOIN’s breakout aligns with wider meme token momentum and signals sustained bullish sentiment among traders.
Bullish
The surge in FARTCOIN price, backed by record open interest and heavy whale reaccumulation, indicates strong short-term momentum. Whale trades have both pressured and supported levels, but their control of over 50% supply suggests potential for a coordinated short squeeze above key resistance at $1.80. Bullish technical patterns—a rounded bottom, rising RSI and MACD, and positive order-flow deltas—further support an upward trajectory. If FARTCOIN holds above $1.52–$1.53, it could retest its $2.48 all-time high, reflecting sustained trader confidence. Conversely, a drop below $1.45 may trigger profit-taking and a pullback to the $1.38–$1.40 zone, but the overall outlook remains positive.