- FARTCOIN is showing bullish potential within a key chart pattern that could trigger a 21% rally.
- However, mixed trader sentiment and strong selling pressure may still pull the asset lower.
After a lackluster week that saw an 8.49% dip, FARTCOIN is stirring renewed interest following a 1.55% recovery in the past 24 hours. Yet, despite forming a historically bullish pattern on the chart, the memecoin finds itself at a crucial tipping point between breakout and breakdown.
On the 4-hour timeframe, FARTCOIN is trading within a symmetrical triangle—a setup often associated with impending upward momentum. Currently hugging the triangle’s support zone, the asset sits at a make-or-break level. If bullish momentum takes over, a 21% rally toward $1.47 is in play.
Also read: PEPE Trading Volume Hits $500M While ChowWow ($CHOW) Presale Heats Up in Meme Coin Market
However, this bullish scenario is being challenged by conflicting trader behavior. Data from CoinGlass shows that spot traders have offloaded $1.1 million worth of FARTCOIN, potentially stalling any upside move or even triggering a breakdown from support.
The derivatives market paints an equally divided picture. On Binance and OKX, the Funding Rate stands at a healthy 5.1%, signaling strong long interest. Traders on these platforms are betting on a rebound, paying premiums to keep their long positions open. In contrast, ByBit traders are leaning bearish, with a negative Funding Rate and a dominant Open Interest (OI) of $135.63 million, overshadowing the combined $92.69 million from Binance and OKX.
Despite this, the overall Open Interest Weighted Funding Rate remains positive at 0.0130%, suggesting that bulls, for now, hold the upper hand.
Technical indicators further validate the cautious optimism. The Accumulation/Distribution (A/D) line remains in the red but is trending upwards—implying slow but steady accumulation. Meanwhile, the Money Flow Index (MFI) signals fresh liquidity inflows, reinforcing potential buying pressure.
Ultimately, FARTCOIN’s next move hinges on whether buyers can overpower lingering bearish sentiment. If momentum holds, a breakout rally is likely. If not, the asset may face renewed downward pressure.
The chart says “go,” but the market still whispers “maybe.” Keep your eyes on the triangle’s edge—FARTCOIN’s next big move is imminent.