FARTCOIN dropped 11% in the last 24 hours due to hitting the resistance level of 1.53 USD and decreasing Open Interest, but still has the potential to rise to 2 USD according to forecasts from derivatives traders.
Although FARTCOIN is experiencing short-term downward pressure, many investors through Hyperliquid believe in a strong recovery, expecting this Token can conquer the 2 USD mark in the near future.
MAIN CONTENT
FARTCOIN encountered strong resistance at 1.53 USD after the rally last week.
The sharp decrease in Open Interest and trading volume puts upward pressure on the price.
Many traders predict that this Token will recover and reach the price range of 2 USD.
What caused FARTCOIN to decrease in value?
FARTCOIN faced selling pressure when it reached the price of 1.53 USD, leading to a sharp drop to nearly 0.80 USD. Open Interest decreased from 1.05 billion USD to 857 million USD and trading volume also halved, indicating a decline in market participation.
The 4-hour chart shows a clear declining signal, while the trading volume to market cap ratio decreases from 1.0 to 0.086, indicating a temporary weakening of liquidity and demand in the market. If the support level of 1.10 USD does not hold, the price may return to around 1 USD or lower.
The founder of CoinGlass shared: “The decrease in Open Interest and trading volume is a warning sign for deeper corrections of FARTCOIN, but this drop also creates opportunities for capital to return when the price is favorable.”
CEO of CoinGlass, 2025
Liquidity developments and the impact from exchanges
In-depth analysis shows that the majority of FARTCOIN's Open Interest is concentrated on the decentralized exchange Hyperliquid with about 342 million USD, double that of Bybit, which ranks second. This indicates that Hyperliquid is an important point for assessing investor sentiment and trading actions on this Token.
Combined with the decrease in trading volume across the market, the concentration of Open Interest at Hyperliquid allows analysts to better track price fluctuations and FARTCOIN's recovery expectations.
Is the opportunity for recovery and a price forecast of 2 USD truly feasible?
According to data from Hyperliquid, most investors expect FARTCOIN to approach nearly 2 USD. The price of 1.939 USD is seen as a critical area, with about 9.56 million USD of short position liquidation value concentrated here, indicating a decisive point in the battle between buyers and sellers.
This could be a sign that investors are taking profits or cutting losses by short-selling, while also being an attractive price for new sellers to enter as they forecast a deeper downtrend. If the price increase is consolidated, FARTCOIN has a chance to return to the 2 USD mark in the short term.
DeFi analyst at Hyperliquid stated: “The price level near 2 USD could be a strategic threshold and the next target if the capital flow returns positively after the correction period.
Hyperliquid expert, 2025
Frequently Asked Questions
What is FARTCOIN and why is it attracting attention?
FARTCOIN is a prominent memecoin in the AI and cryptocurrency space, attracting attention due to the meme trend and strong market growth over the past year.
Why has FARTCOIN decreased in value recently?
FARTCOIN decreased due to hitting the resistance level of 1.53 USD, decreasing Open Interest and trading volume, leading to increased selling pressure.
What is Open Interest and how does it affect FARTCOIN?
Open Interest reflects the total number of open positions; a decrease indicates fewer participants in trading, reducing liquidity and pressure on the Token's price.
Does FARTCOIN have the potential to rise back to 2 USD?
Data and forecasts from traders suggest a recovery potential to reach 2 USD if the upward trend is maintained.
What sources should be monitored to update FARTCOIN news?
It is advisable to monitor major exchanges like Hyperliquid, reports from CoinGlass, and in-depth analyses from cryptocurrency finance experts.
Source: https://tintucbitcoin.com/fartcoin-giu-gia-2-usd-du-giam/
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