Fartcoin Price Jumps 53% as Whale Activity Signal Potential Breakout – Can the Bulls Retake the $1.63 ATH?

Highlights:

• Fartcoin price soars 53% to $1.09, showing a splendid bullish muscle.
• Its daily trading volume has elevated over 200% to $203M, signaling heightened market activity. 
• With strong bullish sentiment, will the Fartcoin price rally 49%, reclaiming its ATH?

The Fartcoin price has broken out in a splendid show of bullish muscle, surging 53% to $1.09 in the past 24 hours. Its daily trading volume has notably surged by a whopping 204% to $203.81 million, indicating heightened market activity. FARTCOIN is now boasting a 69% increase in a month despite a slight fall of 14% weekly.

The recent rally comes as the whale investors have also been crucial in FARTCOIN’s momentum, with some making sizeable acquisitions on the platform. Recently, one whale bought $3 million worth of Fartcoin tokens, boosting its price.

A #fartcoin whale is buying $3m worth of #fartcoin pic.twitter.com/SmRpKp6Z8a

— Stalkchain (@StalkHQ) January 13, 2025

The whales have continuously accumulated despite the broader market challenges, reflecting their growing confidence in Fartcoin’s potential. Having gathered great momentum and some special features, Fartcoin is now set to reclaim its $1.63 ATH or above to $2.

Fartcoin Statistical Data

Based on CoinmarketCap data: 

• FARTCOIN price now – $1.09
• Trading volume (24h) – $203.81 million
• Market cap – $1.08 billion
• Total supply – 1 billion
• Circulating supply – 999.99 million
• FARTCOIN ranking – #89

Fartcoin price is proving to be one of the best and fastest-growing meme coins with strong community backing. FARTCOIN has quickly recovered amid the market dip, with an over 53% increase in the past 24 hours. If it continues this strong bullish momentum, it’s possible that the meme coin could break through the previous ATH of $1.633 soon.

The bulls have established strong support at $0.75, which coincides with the 50-day Simple Moving Average. If the support floor stays intact at this level, the Fartcoin price could keep the upward movement, rallying to $2 in the short term.

The odds continue to favor the upside, supported by multiple technical indicators. The Relative Strength Index (RSI) is above the mean level of 50, showing rising momentum. Its position at 54.67 shows more room to the north before FARTCOIN can be considered overbought.

On the other side of the fence, the Moving Average Convergence Divergence (MACD) introduces a new bearish outlook on the 1-day chart. A sell signal manifested when the blue MACD line (0.0502) flipped below the orange signal line (0.0892), revealing that declines should be expected before the Fartcoin rebound at $1.63. This impending correction could gain momentum if the MACD continues to drop toward the neutral zone (0.00) and later into the negative region.

Is Fartcoin Price Ready to Retake the $1.63 Level?

With the strong market activities evident in the Fartcoin market, bolstered by the increase in trading volume, the Fartcoin price is bound to rise. Meanwhile, how the Fartcoin price reacts to support $0.75 will likely determine its direction in the short term. As a springboard, this support would allow bulls to build momentum as more traders buy into FARTCOIN, thus creating a suitable environment for a breakout.

Such a breakout will see the bulls reclaim the $1.63 ATH, a 49% surge. In a highly bullish case, the gains could extrapolate to record a new range high of $2. Conversely, if early profit bookings commence in the market, the Fartcoin price will drop.

The MACD also hints at a sell signal, suggesting a looming price correction. The Fartcoin price could fall through if the $0.75 support gives way. Nevertheless, the bullish sentiment for the FARTCOIN price would only be invalidated below this support. Such a move would also indicate a change in market structure.