Fartcoin Surges 8.34% to Nearly $1 Billion Market Cap
Fartcoin Overview
- Current price: $0.9167, with an 8.34% increase in the last 24 hours.
- Market capitalization: $916.76 million, highest since January 2025.
- Recent breach of resistance at the 20-day EMA of $0.88421.
Whale Activity
- A wallet recently acquired 1.06 million Fartcoins for $1 million USDC at $0.944, indicating strong buying interest.
- 73% of users on Polymarket predict a $1 billion fully diluted valuation (FDV) before July.
Price Analysis
- Trading above the midline of the Bollinger Bands at around $0.888.
- Tightening bands suggest potential volatility; lower support at $0.82 and upper resistance at $0.95.
- MACD indicates a possible bullish crossover, which could drive prices above $0.95 towards $1.00.
Technical Signals
- RSI at 57 indicates bullish momentum, allowing room for further price increases.
- Key Fibonacci extension targets include:
- $1.095 (1.618 Fib)
- $1.280 (2.618 Fib)
- $1.465 (3.618 Fib)
- $1.579 (4.236 Fib)
- Break above $1 could lead to renewed market interest and price discovery.