FARTCOIN eyes $1.3 after 28% rally, but first, bulls must hold…
Main Idea
Fartcoin (FARTCOIN) surged 28% to $1.10, driven by retail accumulation and increased futures trading, but faces potential resistance from profit-taking whales.
Key Points
1. Fartcoin rallied 28% to $1.10, with spot trading volume surging 127% and market cap exceeding $1 billion.
2. Retail buyers drove the rally, with positive buy-sell delta and increased futures activity (OI up 22.8%, Long/Short Ratio at 2.20).
3. Whales took profits, offloading 32.75 million tokens, while spot netflow remained positive for three days.
4. Technical indicators (Stochastic RSI at 76, bullish crossover, MA breakout) suggest potential for further gains if retail demand persists.
5. Key resistance levels to watch are $1.2 and $1.39, but whale exits pose a risk to the uptrend.
Description
Fartcoin rallied 28% as retail investors returned to accumulate the memecoin.
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