news 
FARTCOIN Ready to Rip? Price Surges 23% in 24 Hours
In a stunning turn of events, Fartcoin (FARTCOIN) has skyrocketed by an astonishing 23% over the past day. This meteoric rise brings the price to $1.51, as per our data. The sudden surge is a significant departure from its previous consolidation, which lasted for nearly three months.
As seen in the chart patterns, Fartcoin’s Relative Strength Index (RSI) now sits at 67, indicating an intense buying spree. If this momentum continues, the token may soon test $1.60 as the next logical target. It is essential to note that the market might become overbought if the price breaches this level.
On the flip side, support can be found at $1.33, with lower zones around $1.20 and $1.00 serving as additional barriers for bears to bounce off.
A key factor in Fartcoin’s explosive growth is a shift in buyer behavior. The Accumulation/Distribution line has started rising again, which typically indicates an increase in demand. A successful test above $1.53 could pave the way for another short-term price increase.
CryptoPotato reported a significant whale transaction, involving the sale of 1.459 million FARTCOIN tokens for 10,509 SOL, worth around $1.57 million. Notably, this wallet had purchased these coins three months ago for 5,171 SOL ($606,000), resulting in an impressive profit of roughly $963,000.
Furthermore, the open interest has reached a record high of $1.05 billion, up from $802.6 million just two days prior. This substantial increase indicates that more traders are participating in Fartcoin’s derivatives market and further underscores the token’s newfound bullish momentum.
As we continue to monitor this situation closely, our analysis suggests that FARTCOIN is primed for a potential breakout.
Source: cryptopotato.com
