What's up, people! FARTCOIN. 💨 This memecoin, which made a strong impression with AI cryptocurrencies last year, has been on everyone's lips. Last week it was doing great, rising rapidly, but oh dear! The last 24 hours have turned things upside down and its price has gone down.
Do you remember that it was on a bullish streak? Well, at the close of the news, FARTCOIN fell by 11%, trading at around $1.53. And one wonders, what happened here? 🤔
Well, it seems that the coin hit a strong resistance right at $1.53. It's like hitting a wall and not being able to pass. Furthermore, the trading volume, which is the amount of people buying and selling, dropped significantly, from $1.5 billion to $683 million. That's a brutal drop! 📉 This makes it more likely that the price will continue to fall, perhaps down to $1.10 or even $1.
And to top it off, the open interest, which measures the number of active contracts from traders, has also decreased, indicating that fewer people are actively participating. 🤷♀️
But, watch out! Not everything is lost. Although things look a bit murky, those who know about this, especially those trading on Hyperliquid, still have faith in FARTCOIN reaching $2! Yes, you read that right. It seems that many traders are waiting for the price to rise and are betting on it.
There is a key zone around $1.939, where there are many sell orders waiting. This could mean a fierce battle between buyers and sellers. If the buyers push hard, FARTCOIN could take flight again and reach that coveted $2. 🚀
So, although the coin is in a correction right now, the potential is still there. We will be keeping a close eye to see what happens with this memecoin that has us all intrigued! Will FARTCOIN surprise us and reach $2? Only time will tell!$Fartcoin
