Fartco (Fartcoin) has emerged as one of the most explosive Solana Meme currencies in recent weeks, wandering from $ 0.51 to more than $ 1.15.
While Memecoin has seen significant fluctuations in the short term, today it represents a new increase of 4.8 %, thus the price reaches $ 1.08. Moreover, the broader trend is still intact, as the escape continues to rise more than 122 % on the graph for 30 days and about 30 % last week. The data on the series indicates that despite yesterday’s withdrawal, merchants remain active, with a volume of $ 185 million in size 24 hours.
This basic procedure pushed the maximum of the Fartcoin market above $ 1.07 billion, where it was placed second between the Solana Meme currencies, only behind the Trump code, according to Coingecko data:
The open interest decreases Ferkoen, but the bulls still have a fireplace
While the size has decreased about 9 %, a slight boost is visible in the derivative markets. The open interest of Fartcoin (OI) increased by 5.5 % to 577 million dollars, indicating a reflection of yesterday’s profits or relaxation in the situation.
However, liquidation data shows that Longs still dominates, with nearly $ 2 million in long qualifiers over the past 24 hours, compared to $ 1.1 million in short pants.
It seems that the best traders on Binance have been divided, but those in situations tend for a long time, with 1.23 to the maximum size depending on the size of the position. Meanwhile, social feelings remain strong, as viral memes and FOMO posts have turned against society’s participation on platforms such as X. Technically, Memecoin, which is based in Solana, turned to one dollar level to temporary support after starting from multiple resistance areas.
If the bulls are defending this area and the wider Solana momentum continues, it may be a re -test of $ 1.20 and perhaps $ 1.40 on the cards. However, with MFI a light decline and OI decrease, a short-term unification between 0.95-1.10 dollars remains between 0.95-1.10 dollars. If Mimi is a season to descend again, Fartcoin has managed to quickly re-enter the price detection mode-but at the present time, then all eyes on whether the psychological brand could exceed $ 1.
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