đš Fartcoin Flashes Vertical Accumulation Pattern, Is $3 Price Next? đ
Fartcoin price is primed for a significant upward rally, targeting a new all-time high of $3 in the coming weeks.
A notable accumulation pattern has emerged, accompanied by a sharp increase in futures trading volume, which recently surged to $2.4 billion.
As bullish momentum continues to build, the Solana-based meme coin is positioning itself for a potential breakout to a new all-time high.
Fartcoin currently trades at $1.5475, up over 10.17% on the day, and remains in a strong uptrend that follows a well-defined vertical accumulation pattern.
This pattern, which often signals a bullish market where the price is rising steadily, extends from late March to mid-May, highlighting a phase of consistent demand, low volatility, and an indication of smart money accumulation.
The high volume nodes on the vertical accumulation channel are an indication of levels where there has been significant trading activity, which means Fartcoin absorbed high trading volumes at $0.5562, $0.9075, and $1.2000, which further confirms the presence of sustained demand and acceptance at higher prices towards the psychological level of $3.
These nodes extended from the Point of Control at $0.2998, a level on a market pattern that indicates where the highest trading volume occurred.
If succeeded by two or more HVNs, the Point of Control acts as a foundational support level as well as a signal for strong bullish momentum.
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