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FARTCOIN – How THESE indicators could decide its move to $1.40 – Crypto News

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6 months ago

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Key Takeaways

Fartcoin is trying to reclaim the monthly and yearly open after a heavy sell-off. Is the Pumpfun founder’s teased update a true catalyst?

Fartcoin [FARTCOIN] is making a comeback attempt after a sharp correction, now hovering near the monthly and yearly open. 

The move follows speculation about a major announcement from the Pump.fun founder, which has stirred renewed optimism across the memecoin ecosystem. 

As the leading coin on the Pump.fun platform, FARTCOIN’s performance is often tied to community buzz and ecosystem developments. 

Therefore, reclaiming those key levels could ignite another leg up, especially if speculation turns into an actual catalyst.

Is rising Open Interest enough to confirm bullish conviction?

Open Interest jumped 6.02% to $743.22 million at press time, indicating that traders are re-entering the market after recent capitulation. 

This rise shows increased risk-taking, yet without excessive leverage, which suggests a more sustainable buildup. 

That said, Funding Rates remained flat at +0.005%, highlighting cautious sentiment. The absence of aggressive long positioning implies cautious optimism rather than FOMO-driven chasing. 

Should the price break higher, a spike in Funding could signal growing conviction. But for now, traders are staying hedged until momentum confirms follow-through.

Will this double bottom formation spark a breakout to $1.40?

Fartcoin printed a classic double bottom structure around the $0.88 level, a formation typically associated with bullish reversals.

 Price has already rebounded off this zone, now pushing toward the psychological $1.00 barrier. 

The True Strength Index (TSI) is rebounding from deeply oversold territory, which supports the potential for a sustained move. 

Moreover, volatility remains controlled, with ATR steady at 0.13. If price clears $1.00 and holds above it, the path toward $1.40 opens up. 

However, rejection at this zone could delay further upside and trigger another consolidation phase.

Source: TradingView

Are top holders preparing for a rally while smart money exits quietly?

Nansen data reveals that the top 100 Fartcoin holders added over 100 million tokens in the past 30 days. 

Meanwhile, Exchange Balances surged by 24.8%, suggesting tokens are flowing back into CEX wallets—typically a bearish signal.

Interestingly, whale and smart money cohorts declined by -23.7% and -40.3%, respectively. 

The divergence between retail optimism and whale exits raises concerns about whether the recent uptick is a trap or a true reversal.

In summary, Fartcoin is showing early signs of recovery, supported by a bullish chart setup and retail accumulation. However, neutral Funding Rates and ongoing whale exits introduce caution. 

While a breakout toward $1.40 is possible, sustainability will depend on whether ecosystem hype translates into real buying pressure and if key resistance levels flip to support in the coming days.

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