according to the materials from the site - By Coindoo.com
The gradual wallet buying strategy, usually employed by institutional players, involves trying to attract investments without shaking up the market. Given that the asset is already showing growth, the chosen moment has sparked new optimism among traders betting on a breakout.
Technical analysts note the growing strength of the token. Chart observers point out what they believe is the ideal situation for the continuation of the bullish trend, and prominent figures like Maison Ghost suggest that a rise to $2 could happen sooner than expected. Some are eyeing even higher targets, referencing bullish candlestick patterns and increased network activity.
Meanwhile, the token's user base continues to expand. Data shows that Fartcoin currently has over 446,000 unique wallets — an unusual level of popularity for a meme coin. This surge in popularity is seen as a key factor that could push the rally beyond typical hype cycles. Although earlier this month, major holders transferred millions from Fartcoin to other tokens, the recent return of whale wallets is changing sentiment once again. It remains unclear whether this renewed interest will lead to a sustainable rally, but momentum seems to be picking up quickly.
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