The post Coinbase Listing Fuels Whale Accumulation, Will Fartcoin Break Above $1.65? appeared first on Coinpedia Fintech News
- FARTCOIN surges after Coinbase listing, gaining over 56% in a week.
- Whales accumulate aggressively, injecting over $45M into FARTCOIN.
- Technical indicators and structure suggest consolidation near $1.65 resistance.
- Momentum remains bullish, but traders must watch key levels and leverage exposure.
Coinbase Listing Draws Fresh Momentum
Fartcoin (FARTCOIN), a memecoin on the Solana blockchain, has re-entered the spotlight after its listing on Coinbase.
The listing, which went live June 11, triggered a rapid price surge and positioned FARTCOIN among the top trending tokens across meme asset categories.
Currently trading around $1.36, FARTUSD has climbed from approximately $0.87 on June 5, marking a 56% gain over the past 7 days.
On-chain data on Nansen shows 24-hour volume spiking to $145.81M, a 41.15% increase with buy volume at $74.62M and sell volume close behind at $71.19M, reflecting active two-way trading. Notably, the number of buys (116,453) and sells (119,974) remain balanced, suggesting ongoing price discovery rather than a blow-off top.
Trading volume and Open Interest confirm strong engagement from traders across spot and derivatives markets.
Whales Position Aggressively
Whale activity reinforces bullish sentiment. A new wallet identified as “3NgFx6” accumulated 1.68 million FARTCOIN (~$2.48M in SOL) shortly after the Coinbase listing. On the same day, another wallet deposited $40.42M in USDC on HyperLiquid, placing coordinated buy orders for FARTCOIN and HYPE. These inflows reflect growing institutional confidence in the token’s mid-term upside.
Importantly, wallets that accumulated over 6M FARTCOIN near $1 earlier this year have not moved, suggesting strong hands are still in control.
Technical Setup: Structure and Indicators
FARTCOIN maintains a well-defined uptrend that started in late March. After reclaiming $1.00 in April, the price has formed a bullish flag, pausing under the $1.64–$1.67 resistance zone, historically rejected in March and May.
Major EMAs (20/50/100/200) remain aligned to the upside, confirming trend continuation. Recent price action shows minor profit-taking near $1.40, but the structure remains intact above $1.10.
The RSI has pushed above 59, showing bullish momentum with room to climb before overbought conditions set in. Meanwhile, the MACD just crossed bullish on the daily, reinforcing potential upside.
Futures Outlook
Futures Open Interest recently reached a record $ 815 M. Combined with a positive funding rate (0.0224%) and increasing daily volume, the data reflects heavy long interest, yet not at overheated levels. Liquidations remain manageable and do not indicate forced exits.
Key Levels to Watch
- Resistance Zone: $1.64–$1.67 — Major breakout point
- Support Zone: $1.10–$1.20 — Retest of previous breakout range
- Breakdown Zone: Below $1.10 — Would shift structure into consolidation mode
Fartcoin Price Prediction
If FARTUSD holds above $1.20 and builds volume near $1.40, a move above $1.65 could lead to a rally toward $1.85 or higher. The RSI and MACD favour this scenario, especially with whales accumulating on dips.
However, failure to reclaim $1.65, especially under growing OI, may trigger a long squeeze. A drop below $1.10 would open the door for a correction back to the $0.90–$1.00 base.
Will FARTCOIN Break Above $1.65?
For traders, FARTCOIN is at a technical inflection point. Momentum is building across spot and futures markets, backed by whale accumulation and trend-aligned indicators.
A breakout above $1.65 could confirm continuation, while a break below $1.10 would force a reassessment. Until then, FARTCOIN remains a high-conviction candidate for breakout trading — but precision is key.
