FARTCOIN Surges 17% as Whales Accumulate Amid Bullish Momentum and Key Resistance Challenges

FARTCOIN recorded one of its strongest rallies in the last 24 hours with a 17.19% increase, contributing to an impressive 105% run over the past month. The surge is primarily driven by three whales, whose collective purchase of approximately $5.6 million signaled strong institutional interest. This action has catalyzed further buying among spot traders, who added around $1.74 million over four consecutive weeks. Additionally, growing activity in the derivatives market—with a 22% rise in new contracts and an increased Open Interest now valued at nearly $560 million—reinforces the bullish sentiment. However, despite these positive trends, the market faces technical resistance around the $1.169 level, posing a potential short-term brake on the upward movement. Analysts suggest that breaking through this resistance could pave the way for targets near $2.47, potentially resulting in a 134% increase, assuming sustained demand and limited selling pressure.