Breaking Through Key Resistance
After trading in a tight range for weeks, FARTCOIN’s bulls mustered enough momentum to shatter the $1.53 resistance level. The decisive break was confirmed on the hourly chart, where a surge in buy orders pushed the price to a daily high of $1.59 before a modest pullback.
Record Trading Volume Fuels Rally
Trading volume rocketed to new highs, with on-chain data showing over $120 million changing hands in the last 24 hours. This influx of liquidity underscores renewed investor confidence as retail traders and institutional players alike jump back into FARTCOIN.
Whales Accumulate at Lower Levels
Large holders have taken advantage of recent dips to steadily increase their FARTCOIN positions. The top 10 wallets saw a collective inflow of 8.7 million tokens, signaling that whales anticipate further upside potential heading into the next earnings update.
Futures Open Interest Reaches New Heights
Derivatives markets are also heating up, with open interest on major exchanges climbing to an all-time high. This surge in futures OI suggests that traders are increasingly leveraging their exposure, pointing to robust speculative interest in FARTCOIN.
Outlook and Key Levels to Watch
Looking ahead, FARTCOIN faces its next major hurdle at $1.75. A sustained break above this zone could trigger a fresh wave of buying, propelling the meme token toward the $2 mark. Conversely, failure to hold $1.53 could spark a retracement back toward $1.40.
Market participants will keep an eye on volume trends and whale behavior for clues on the token’s next directional move.
