Key Takeaways
Fartcoin’s rally is fueled by whale accumulation, a cup-and-handle breakout, rising Funding Rates, and spot buyer dominance. A mild short bias could trigger a squeeze if bulls reclaim $1.43 with conviction.
Fartcoin [FARTCOIN] has drawn whale attention after a major investor withdrew $2 million USDT from Binance and accumulated 1.56 million FARTCOIN at an average of $1.28.
This aggressive buy action occurred just as the memecoin began breaking a descending channel. Such whale entries often precede major price movements, especially when aligned with key technical breakouts.
The move adds a strong bullish undertone to FARTCOIN’s short-term market structure, setting the stage for a potential upward continuation if follow-through volume sustains.
Will a breakout fuel the next price surge?
Technically, FARTCOIN’s chart formed a textbook cup-and-handle setup, breaching the handle’s descending trendline and reclaiming $1.2675 as support.
With price now targeting $1.4298 resistance and aiming at $1.60, the breakout could gain momentum. However, if the price falls below the breakout zone, the bullish thesis could quickly collapse.
Source: TradingView
Are traders leaning long again?
Derivatives activity echoed this shift. FARTCOIN’s OI-Weighted Funding Rate stood at +0.0097%, reflecting a subtle shift toward long positioning across derivatives platforms.
While the uptick isn’t extreme, it still marks a trend toward bullish bias, without yet veering into overheated territory.
Momentum building under the surface
Interestingly, the Spot Taker CVD over the last 90 days showed dominant market buy pressure.
This metric measures the difference between market buys and sells, and its current dominance in favor of buys aligns with the whale activity and technical breakout.
Typically, when spot demand outpaces supply at key resistance zones, it reinforces the validity of a bullish setup.
Therefore, this uptick in Taker Buy Dominance suggested that the price action is being supported by real demand rather than just speculative leverage.
Can a short squeeze push FARTCOIN even higher?
Here’s where things get interesting.
FARTCOIN’s Long/Short Ratio stood at 0.9279, with shorts making up 51.87% of positions.
While not extreme, this slight short dominance could backfire. If bulls push above $1.43, short liquidations could amplify price acceleration—a potential short squeeze setup in play.
Conclusively, FARTCOIN appeared poised for further upside as multiple bullish signals converge—whale accumulation, a classic cup-and-handle breakout, positive funding, and dominant taker buy volume.
While short positions slightly outweigh longs, this imbalance could act as fuel for a potential short squeeze.
If bulls maintain momentum and reclaim $1.43, FARTCOIN may rally toward the $1.60 mark, solidifying this breakout as a launchpad for a broader bullish trend.
