Fartcoin (FARTCOIN): Whale buying power ignites the price bounce back.

Fartcoin (FARTCOIN) is regaining its upward momentum, adding 12% during Thursday's session and approaching the upper resistance zone of the descending channel pattern on the daily chart. Data from both the derivatives market and on-chain indicate that the comeback of this meme coin is being supported by large investors – the “whales” that dominate the cash flow. Technically, Fartcoin is assessed to be in a state ready for a breakout, as initial signals indicate that bullish momentum is gradually returning.

Whales increase their buying position in Fartcoin

Retail investor interest in Fartcoin is rising again, coinciding with a short-term recovery and reinforcing expectations that the upward trend of this meme coin could be sustained. According to data from CoinGlass, open contract (OI) for FARTCOIN futures surged 30% to $220.69 million in just the past 24 hours — a sign that a large volume of new Long positions is being opened by traders expecting prices to continue rising.

Fartcoin derivative data | Source: CoinGlassData from CryptoQuant shows that the main driving force behind the strong increase in OI comes from “whales”, as evidenced by the superior average order size. Not only in the derivatives market, large wallets are also actively accumulating in the spot market, signaling high confidence levels among experienced investors.

Fartcoin Derivative Index | Source: CryptoQuantData from Santiment indicates that the wallet group holding between 10 million and 1 billion tokens has increased its ownership ratio to 47.70% of the total on-chain supply, up from 45.87% recorded on Sunday. As large wallets continue to expand their positions, FARTCOIN may face a stronger breakout opportunity, amid a tightening supply and a markedly improved market sentiment — with “smart money” betting heavily on the growth prospects of this meme coin.

FARTCOIN supply distribution | Source: Santiment## Fartcoin strengthens the ability to break through

The recovery of Fartcoin is nearing the important resistance zone of the descending channel pattern on the daily timeframe, around the psychological level of 0.30 USD. If this meme coin built on Solana closes a daily candle above this threshold, the breakout signal will be confirmed, opening up the opportunity for a new uptrend to form.

In a breakout scenario, FARTCOIN could target the 50-day EMA that is sloping down at 0.39 USD, before challenging the 50% Fibonacci retracement level at 0.54 USD — measured from the peak of 1.69 USD on July 22 to the bottom of 0.17 USD on October 10.

FARTCOIN/USDT daily chart | Source: TradingViewTechnical signals are also supporting the possibility of acceleration. The RSI at 48 is gradually moving up to neutral levels, reflecting weakening selling pressure. The MACD line and the signal line of the MACD indicator have formed a bullish crossover, indicating that buying momentum is returning.

Additionally, the ROC has risen above the 0 line and reached a level of 3.54, confirming a positive shift in trend momentum. The ROC's maintenance above the positive zone often indicates that buying pressure is strengthening.

However, risks still exist. If FARTCOIN loses its current momentum, the price could fall back inside the down zone, leading to the risk of revisiting the bottom of 0.22 USD established on Friday.

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