Fartcoin Price Eyes $3 All-time High as Bullish Pattern Emerges

A notable accumulation pattern has emerged, accompanied by a sharp increase in futures trading volume, which recently surged to $2.4 billion.

Fartcoin price is exhibiting strength as it continues to rally towards a new all-time high of $3, aiming to extend its impressive run of 335% over the past three months.

The Solana-based meme coin is displaying a notable accumulation pattern, which is unfolding despite the lack of Fartcoin listing on major spot trading platforms like Binance, Coinbase, or Robinhood.

This pattern is signaled by a vertical accumulation channel that ranges from late March to mid-May, highlighting a phase of consistent demand, low volatility, and an indication of smart money accumulation.

The high volume nodes on the vertical accumulation channel are an indication of levels where there has been significant trading activity, which means Fartcoin absorbed high trading volumes at $0.5562, $0.9075, and $1.2000, which further confirms the presence of sustained demand and acceptance at higher prices towards the psychological level of $3.

These nodes extended from the Point of Control at $0.2998, a level on a market pattern that indicates where the highest trading futures occurred. If succeeded by two or more HVNs, the Point of Control acts as a foundational support level as well as a signal for strong bullish momentum.

After advancing from the Point of Control to $0.5562 and then to $0.9075 and $1.2000, the price is now encountering resistance at the Fibonacci extension levels of $1.9938 (0.705) and $2.2102 (0.79).

However, considering the volume-backed Fartcoin price progression and the little historical resistance around these Fibonacci levels, the market appears primed for continued upside. As such, the $3.00 mark stands out as both a psychological milestone and a technically supported target.

The Apex Pro analysis further notes that the futures trading volume has also seen a sharp increase, surging by 40% to $2.4 billion, while open interest has risen by 18% to $701 million.

This uptick is signaling an interest from more traders in the market, which is putting more weight on the bullish momentum.

The 1.04 slightly bullish long-to-short ratio is also validating our aforementioned smart money accumulation, where investors are steadily driving momentum without being euphoric.

However, despite being backed by a strong community and posting consistent growth since its launch, including gains of 376% over six months and an impressive 2,985% over the past year, Fartcoin remains notably absent from major spot markets.

A listing on any of these exchanges could serve as a major catalyst for the meme coin’s visibility and ignite further price appreciation by unlocking access to more retail liquidity and institutional investors.

In addition, Solana’s price, whose performance has historically influenced the price trajectory of meme coins built on its layer-1 blockchain, has seen a 65.21% monthly uptick to reach its current price point of $178. If this momentum continues to build up, Fartcoin, known for its correlated price behavior, will likely follow suit and rally.