The meme cryptocurrency Fartcoin (FART) rose sharply by 13.46% in 24 hours to $0.2183, boosting its market cap to $218.36 million as trading volume expanded 48.77% to $48.48 million. On-chain data pointed to significant whale accumulation, but the asset remains confined within a broader descending trend channel on daily charts, with technical resistance halting further gains.
Fartcoin surged 13.46% in 24 hours to $0.2183, lifting its market capitalization to $218.36 million as participation accelerated. Trading volume expanded 48.77% to $48.48 million, confirming fresh capital entered the market during the rally.
Buyers first defended the $0.20–$0.21 support region before driving the price toward $0.22, where the advance slowed. On-chain data showed a $155,000 wallet accumulation executed through multiple swaps shortly after the move began.
The daily chart shows Fartcoin trading inside a clearly defined descending channel that has shaped price behavior for months. Resistance stands near $0.32, while a broader supply ceiling appears around $0.47.
The RSI was at 43, signaling recovery from prior weakness but not strong bullish control. Price also failed to sustain acceptance above $0.22, showing hesitation near short-term pressure.
Liquidation data shows $93,550 in long liquidations compared to $45,830 in shorts. This imbalance highlights a leverage shift following the rally, with markets clearing stretched positioning after the rapid move.
A Binance FARTCOIN/USDT heatmap highlighted bright yellow leverage clusters between $0.208 and $0.210, positioned directly beneath the current price. Additional stacked liquidity extended toward the $0.19–$0.20 region, forming dense downside targets.
Markets frequently gravitate toward high-density leverage zones during consolidation phases. The heatmap shows that downside liquidity currently outweighs upside targets, increasing the probability of a controlled sweep below support.
Whale-driven demand sparked volatility, yet the descending channel still restricts sustained upside expansion. Dense downside liquidity below $0.21 increases pullback risk before any confirmed breakout attempt.
