FARTCOIN, a memecoin on the Solana blockchain, has returned to the spotlight following its listing on Coinbase, which caused a sharp price rise.
Coinbase Listing and Its Impact
The listing of FARTCOIN on Coinbase on June 11 triggered a sharp price increase. FARTCOIN is currently trading around $1.36, which is a 56% increase from approximately $0.87 on June 5. The trading volume over the last 24 hours reached $145.81M, a 41.15% increase from before. The balance between the number of buys (116,453) and sells (119,974) indicates active price discovery.
Whale Activity
Whale activity in the market has shown aggressive trends. A new wallet identified as '3NgFx6' accumulated 1.68 million FARTCOIN (~$2.48M in SOL) shortly after the Coinbase listing. Another wallet deposited $40.42M in USDC on HyperLiquid, placing coordinated buy orders for FARTCOIN. Additionally, large wallets that accumulated over 6 million FARTCOIN near $1 earlier this year have not moved, indicating strong hands.
Technical Analysis and Predictions
FARTCOIN maintains a well-defined uptrend that began in late March. After reclaiming $1.00 in April, the price has formed a bullish flag near the $1.64–$1.67 resistance zone. Major EMA indicators confirm ongoing trend continuation with potential upside. Predicted levels from $1.20 could lead to a rise towards $1.85 or higher, but a drop below $1.10 would necessitate a reevaluation of the current situation.
The current dynamics of FARTCOIN indicate a potential for further growth, especially backed by whale activity. However, key levels to watch are $1.64–$1.67 as resistance and $1.10–$1.20 for support.
