Here’s why Fartcoin (FART) price is rallying
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Fartcoin (FART) has captured attention in the crypto world over the past 24 hours, surging 12.1% while the broader crypto market gained only 0.5%.
The rally follows a 17.9% weekly increase, though the token remains 24.7% below its 30-day highs.
Whales’ bet on Fartcoin
One of the biggest drivers behind Fartcoin’s recent surge is large-scale whale activity.
On-chain data indicates that top wallets have accumulated more than 100 million FARTCOIN (valued at roughly $30 million) since late October, according to Nansen.
This surge in accumulation coincides with a 25% rise in exchange inflows, a pattern that points to strategic buying during market dips rather than opportunistic selling.
This trend carries meaningful implications for market dynamics.
Whale accumulation typically reduces sell-side pressure and has historically preceded price rallies in low-float meme coins.
In addition, the expanding community, now exceeding 165,000 holders, adds a layer of retail-driven stability, helping the asset better absorb volatility while maintaining momentum during periods of heightened trading activity.
Solana meme coin buzz
Fartcoin’s rally is also tied to broader sentiment in the meme coin sector.
Despite extreme fear gripping the overall crypto market, Fartcoin has moved in line with other Solana-based memes such as BONK and WIF.
Notably, traders are increasingly chasing high-beta tokens, particularly as the Bitcoin (BTC) dominance dips, creating opportunities for tokens like Fartcoin to outperform.
This surge amid fear cycles highlights how memecoins can attract investors looking for asymmetric gains.
However, underlying market conditions present risks. Stablecoin inflows have declined by over 10% monthly according to CryptoQuant, and recent $1.7 billion BTC liquidations add fragility to the market.
In addition, Fartcoin’s turnover ratio of 0.63 indicates that while interest is high, price swings could be dramatic and sudden.
Fartcoin price outlook
Technically, Fartcoin has climbed to the top of a multi-month descending channel that has historically acted as a strong resistance level.
Looking at the short-term indicators, they suggest a neutral-to-bullish bias.
Fartcoin’s price has reclaimed its seven-day EMA at $0.249, the RSI sits at 51.75, and the MACD histogram, while positive, still sits close to the middle line, with the MACD line and signal line still below zero.
If Fartcoin breaks above the descending channel, it could open the path toward $0.35 or even $0.40.
Conversely, another rejection at this resistance would likely trigger a pullback into the channel, making the next move critical in defining the short-term trend.
Moving forward, eyes are on whether trading volumes can sustain above $150 million per day and whether whale positions remain open on HyperLiquid.
The post Here’s why Fartcoin (FART) price is rallying appeared first on Invezz
In This News
Coins
$ 87.21K
-1.87%
$ 137.50
-1.00%
$ 0.00...973
-0.47%
$ 0.359
-3.89%
$ 0.0000591
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In This News
Coins
$ 87.21K
-1.87%$ 137.50
-1.00%$ 0.00...973
-0.47%$ 0.359
-3.89%$ 0.0000591
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The market is bleeding – So why are Solana and XRP ETFs doing well?
Solana Exchange Traded Funds (ETFs) Positively Differentiate from the Market! Institutional Interest Grows! Here Are the Details
Here’s why Fartcoin (FART) price is rallying
Share:
Fartcoin (FART) has captured attention in the crypto world over the past 24 hours, surging 12.1% while the broader crypto market gained only 0.5%.
The rally follows a 17.9% weekly increase, though the token remains 24.7% below its 30-day highs.
Whales’ bet on Fartcoin
One of the biggest drivers behind Fartcoin’s recent surge is large-scale whale activity.
On-chain data indicates that top wallets have accumulated more than 100 million FARTCOIN (valued at roughly $30 million) since late October, according to Nansen.
This surge in accumulation coincides with a 25% rise in exchange inflows, a pattern that points to strategic buying during market dips rather than opportunistic selling.
This trend carries meaningful implications for market dynamics.
Whale accumulation typically reduces sell-side pressure and has historically preceded price rallies in low-float meme coins.
In addition, the expanding community, now exceeding 165,000 holders, adds a layer of retail-driven stability, helping the asset better absorb volatility while maintaining momentum during periods of heightened trading activity.
Solana meme coin buzz
Fartcoin’s rally is also tied to broader sentiment in the meme coin sector.
Despite extreme fear gripping the overall crypto market, Fartcoin has moved in line with other Solana-based memes such as BONK and WIF.
Notably, traders are increasingly chasing high-beta tokens, particularly as the Bitcoin (BTC) dominance dips, creating opportunities for tokens like Fartcoin to outperform.
This surge amid fear cycles highlights how memecoins can attract investors looking for asymmetric gains.
However, underlying market conditions present risks. Stablecoin inflows have declined by over 10% monthly according to CryptoQuant, and recent $1.7 billion BTC liquidations add fragility to the market.
In addition, Fartcoin’s turnover ratio of 0.63 indicates that while interest is high, price swings could be dramatic and sudden.
Fartcoin price outlook
Technically, Fartcoin has climbed to the top of a multi-month descending channel that has historically acted as a strong resistance level.
Looking at the short-term indicators, they suggest a neutral-to-bullish bias.
Fartcoin’s price has reclaimed its seven-day EMA at $0.249, the RSI sits at 51.75, and the MACD histogram, while positive, still sits close to the middle line, with the MACD line and signal line still below zero.
If Fartcoin breaks above the descending channel, it could open the path toward $0.35 or even $0.40.
Conversely, another rejection at this resistance would likely trigger a pullback into the channel, making the next move critical in defining the short-term trend.
Moving forward, eyes are on whether trading volumes can sustain above $150 million per day and whether whale positions remain open on HyperLiquid.
The post Here’s why Fartcoin (FART) price is rallying appeared first on Invezz
In This News
Coins
$ 87.21K
-1.87%$ 137.50
-1.00%$ 0.00...973
-0.47%$ 0.359
-3.89%$ 0.0000591
Share:
In This News
Coins
$ 87.21K
-1.87%$ 137.50
-1.00%$ 0.00...973
-0.47%$ 0.359
-3.89%$ 0.0000591
Share:
Read More
The market is bleeding – So why are Solana and XRP ETFs doing well?