Fartcoin ($FARTCOIN) surged 8.3% to $1.63, driven by heightened whale activity and institutional interest, with momentum further amplified by its July 9 listing on Coinbase Germany – potentially exposing the memecoin to 83 million new European traders. Trading volume skyrocketed 77% to $4.4 billion in 24 hours, while futures open interest reached $1.06 billion, signaling robust market participation.
On-chain metrics reveal strong fundamentals: unique wallets surpassed 165,854, while the declining Network Value to Transactions (NVT) ratio indicates accelerating transaction volume relative to market cap – a historically bullish pattern. Despite a $6.07 million whale sell-off earlier this year, FARTCOIN demonstrated resilience with a 104% April rally that outperformed peers like BONK.
Technically, FARTCOIN is forming a bullish cup-and-handle pattern on daily charts. A sustained break above $1.63 could trigger a 36% surge toward $2.17, with analysts like Professor Moriarty eyeing $2.70 longer-term. Critical support sits at $1.55, defended by rising trendlines since May. Indicators show controlled upside potential: RSI holds below 60 while MACD maintains bullish alignment, with order flow data revealing $325k positive delta at $1.63.
