- Fartcoin soared 30% this week, proving once again that even fake news can make things stink less. 🗞️💨
- Will the memecoin finally break the $0.60 barrier, or is it just full of hot air? 🌬️💰
Fartcoin [FARTCOIN], the cryptocurrency that smells like opportunity, led the crypto market’s recovery after some “fake news” about President Donald Trump’s tariff pause. Because, of course, nothing says “market stability” like baseless rumors. 🤷♂️
Even after the news was debunked, Fartcoin kept climbing, posting a 40% gain in just 48 hours. Because why let facts get in the way of a good rally? 📈💨
Can Fartcoin Break Out or Just Break Wind?
Since February, Fartcoin has been bouncing between $0.20 and $0.60 like a rubber ball in a wind tunnel. Bulls tried to push past $0.60 in March but failed, proving that even memecoins have their limits. 🐂💨
However, the 50-day Simple Moving Average (SMA) held strong, keeping the coin in a tight consolidation. The On-Balance Volume (OBV) and RSI also suggested that bulls might finally have the wind at their backs. 🌬️📊
If Fartcoin breaks $0.60, it could surge to $0.70 or even $0.80, giving traders a potential 30% gain. But if it falls below the 50-day SMA, well, let’s just say it might be time to hold your nose. 🤢📉
Speculative Interest: The Wind Beneath Fartcoin’s Wings
Fartcoin’s bullish sentiment was also evident in the derivatives market, where it was the second-largest memecoin by trading volume. DOGE had $7 billion in trading volumes, while Fartcoin saw $3.6 billion. Because who doesn’t love a good underdog story? 🐕💨
Open Interest (OI) rates surged to $267 million, showing massive speculative interest. But let’s be honest, this rally was driven by leverage, which means it could all come crashing down faster than a whoopee cushion. 🎈💥
Netflow data revealed that the rally was also driven by spot demand, with over $3 million Fartcoin withdrawn from Kraken in the past week. Whether this momentum will last into Q2 is anyone’s guess, but for now, Fartcoin is riding high. 🚀💨
Read More
- Ludus promo codes (April 2025)
- Cookie Run: Kingdom Topping Tart guide – delicious details
- Unleash the Ultimate Warrior: Top 10 Armor Sets in The First Berserker: Khazan
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Grand Outlaws brings chaos, crime, and car chases as it soft launches on Android
- Grimguard Tactics tier list – Ranking the main classes
- Fortress Saga tier list – Ranking every hero
- Tap Force tier list of all characters that you can pick
- ZEREBRO/USD
- Val Kilmer Almost Passed on Iconic Role in Top Gun
2025-04-09 01:13