Fartcoin (FARTCOIN) surged over 19% in the past 24 hours, extending its weekly gains to more than 44% as the broader memecoin market capitalization climbed above $34.81 billion. The token now trades near the $0.22 resistance zone, where a previous double‑top pattern formed. Technical indicators show strong capital inflows, with the Chaikin Money Flow at 0.40 and the Cumulative Volume Delta indicating traders purchased over 40.76 million FARTCOIN tokens on Binance Futures. A similar pattern breakout in August produced an 80% gain, suggesting a possible 40% rise from current levels if history repeats.
Fartcoin (FARTCOIN) rose more than 19% in the past 24 hours, bringing its weekly gains past 44%. The move followed a broader memecoin market resurgence of over 7% today, with the sector’s capitalization surpassing $34.81 billion.
Among the top 200 cryptocurrencies by market cap, FARTCOIN ranked seventh in daily gains and fourth among top memes. Market sentiment has shifted as Bitcoin remained above $85,000.
The token is currently trading toward the $0.22 resistance zone, where it had previously formed a double top. That pattern was followed by a falling wedge that lasted a month.
After a breakout on September 17, FARTCOIN entered a strong uptrend. Its Chaikin Money Flow reading stood at 0.40, indicating capital inflows, while the Cumulative Volume Delta reinforced buying activity.
According to the CVD data, traders bought over 40.76 million FARTCOIN tokens on the Binance Futures market at the time of reporting. A similar pattern breakout in the first three weeks of August resulted in an 80% gain.
If history repeats, FARTCOIN’s price could rise another 40% from its current market price. However, if bears at the $0.22 supply zone outweigh the bulls, the breakout may take longer.
The Futures Volume Bubble Map was overheating, indicating a sharp increase in leveraged long positions. Whale activity was concentrated in the futures markets, according to CryptoQuant data, while both spot volume and spot average order size remained neutral.
Institutional involvement appeared on the spot side. HTX moved 842,000 tokens to its cold wallet, indicating accumulation in anticipation of appreciation above the buying price of $0.18.
On the other hand, Indodax deposited 603,000 tokens to its hot wallets to meet trading demand. Wintermute moved a combined 1.7 million FARTCOIN to address active liquidity. This institutional accumulation and liquidity provision could help steer the memecoin past the $0.22 resistance.
