TL;DR
- FARTCOIN breaks three-month range with 28% weekly gain, led by meme sector momentum.
- Whale nets $963K selling 1.45M FARTCOIN after July 16 price breakout and strong demand.
- Open interest hits $1.05B, rising $250M in two days, signaling rising trader participation.
FARTCOIN Pushes Higher After Extended Range
Fartcoin (FARTCOIN) rose 23% over the past day, trading at $1.51. The token gained 28% this week, peaking at $1.53. This marks a move out of a price zone that held between $1.20 and $1.33 for nearly three months.
Meanwhile, the rally appears aligned with renewed interest across the meme coin sector, where tokens like FLOKI and BONK have also recorded double-digit gains. According to market watcher Unipcs,
“Fartcoin has been consolidating in the same range for 3 months, and now it finally looks ready to rip hard.”
Chart Patterns Show Strength
The Relative Strength Index is now at 67. This level reflects strong buying but could approach overbought territory. Price action shows $1.53 as a key level to break, with $1.60 as the next target. Support rests at $1.33, with lower zones around $1.20 and $1.00.
The Accumulation/Distribution line has started to rise again, suggesting a shift in buyer activity. A clean move and hold above $1.53 may open the door to another short-term leg higher.
Whale Profit, FARTCOIN OI Soars
Daily volume reached $556 million, showing strong interest. Momentum started earlier in the week after a stretch of sideways trading, pushing prices sharply higher on July 16.
CryptoPotato reported a major whale transaction involving 1.459 million FARTCOIN, sold for 10,509 SOL, valued at approximately $1.57 million. The wallet acquired the tokens three months ago for 5,171 SOL ($606,000), locking in a profit of roughly $963,000.
CoinGlass data shows that Fartcoin’s open interest has reached a new all-time high of $1.05 billion. This is up from $802.6 million just two days prior, signaling increased participation and capital flow into Fartcoin’s derivatives market.
