$FARTCOIN (#Fart ), one of the unconventional stars of the meme coin universe, was at the center of the rising altcoin wave in the market in July. Currently trading around $1.15, Fartcoin is signaling a strong rally, targeting $1.24 in the short term, then $1.64, and ultimately $3. This high-energy token from the Solana network is poised for a new bull run, fueled by both technical analysis data and investor interest. ๐ Key Technical Levels and Indicators:
Current price: $1.156669
24-hour trading volume: $868.12 million
Market capitalization: $1.16 billion
24-hour upside: 8.97%
Critical support: $Fartcoin
Resistance levels to watch:
๐บ $1.24 (first breakout target)
๐บ $1.47 (medium-term resistance)
๐บ $1.64 (post-breakout target)
๐ $3.00 (main psychological resistance)
According to popular analysts like Crypto Feras and Alva, if the #Fartcoin price closes above the local downtrend line, there will be no major obstacles to the rise.
๐ฅ $754 Million Open Interest: This Is Not a Joke!
According to Coinglass, a crypto derivatives market analysis platform, open interest in Fartcoin futures increased by 8.4%, reaching $754 million. This represents the second-largest open interest volume in the meme coin universe after Dogecoin.
This figure demonstrates investors' confidence in the upward trend and their preference for aggressively leveraged long positions. A much stronger upward breakout is possible for the FARTUSDT pair, particularly if the volume density test in the $1.21-$1.24 range is successfully passed.
๐ง Analyst Views: Will the Uptrend Continue?
๐ฃ๏ธ Crypto Feras (Explanation via X):
"If the price breaks above the downtrend line, the breakout is confirmed. Closes at $1.24 and above could initiate a new rally."
๐ฃ๏ธ Alva:
"A breakout of the dominant downtrend could trigger a major upward reversal. However, the $1.21-$1.24 area should be supported by positive volume."
๐ While technical indicators like the RSI and MACD are starting to produce bullish signals, past whale sell-offs are still making investors cautious.
๐ Whale Danger and Public Sentiment
Fartcoin has rebounded from $1.0091, making it a trending topic on social media and in the crypto community. However, this recovery raises the question of whether major sell-offs are imminent. If the price surpasses $1.30, it could rapidly climb to $1.47, fueled by investor interest.
However, investors are closely watching whales circulating in wallets during this period. Their sudden selling could disrupt the rally.
๐ Conclusion: Is $3 on the Horizon? The technical structure, increasing open interest, and growing interest on social media for Fartcoin point to a rally. However, critical conditions must be met, such as:
A strong break above the $1.24 level,
Volume support forming between $1.21 and $1.24,
And whale selling remaining limited.
If these criteria are met, Fartcoin investors could advance to closes above $1.64 and ultimately to ambitious targets like $3. Volatility will be high during this period, but the potential is equally significant.
โ ๏ธ WARNING:
Meme coins like Fartcoin carry high risk and high reward potential. Caution should be exercised regarding leveraged trading and short-term fluctuations, and market sentiment should be closely monitored alongside fundamental analysis.