- Fartcoin delivers impressive daily and weekly growth.
- Price rebounds sharply from August lows.
- Trading activity and open interest climb strongly.
- Resistance zones could decide the next rally.
Fartcoin has kept up its bullish pace, adding solid gains with the overall crypto market’s strong activity. In the past 24 hours, the token jumped 29.87%, while over the last week, it rose 16.43%.
At the time of writing, Fartcoin is trading at $1.10, with trading activity picking up sharply. With a 24-hour trading volume of $679.05 million, an increase of 136.43%.
Its market capitalization stands at $1.1 billion, reflecting heavier investor interest and stronger participation from traders. The move comes as the coin experiences renewed momentum after a recent pullback.
Fartcoin Chart Patterns Signal Renewed Market Momentum
The token has now moved above its 9-day EMA of $1.04 for the first time in weeks, adding weight to the bullish case. Support has formed near $1.067, close to the mid-Bollinger Band, while the upper band at $1.344 stands as an early target if momentum continues.
Fibonacci levels outline key hurdles ahead: $1.26 at the 0.382 retracement, then $1.34 and $1.39 at the 0.618 level. A break above these zones could pave the way toward the 1.618 extension at $2.19 over time. Technical indicators are firming up, with the RSI at 49.90 and the MACD turning positive, hinting at growing strength.
Also Read: FARTCOIN Breakout Signals Point to $3 Target This Month
Derivatives Data Shows Rising Activity
According to the data from Coinglass, futures market figures add to the bullish outlook. Open interest has climbed 22.92% to $888.26 million, which is a sign of new positions being taken up in the market. It generally signals that traders are preparing for more rises rather than closing out older positions.
However, the OI-weighted funding rate is 0.0226%, suggesting that while participation is increasing, traders remain somewhat cautious. Many are waiting for stronger confirmation before committing to larger positions.
Staying above $1.067 is key to the rally, with a breakout over $1.26 targeting $1.34–$1.39, while a drop risks $1.04 or $0.98. Sentiment is bullish, but the next breakout will decide its longevity.