- FARTCOIN formed a bullish inside bar pattern, hinting at a potential move to $2.28.
- Open interest surged past $754M, second only to DOGE among meme coins.
- Positive funding rates and strong buying volume suggest a bullish breakout could be near.
Fartcoin (yeah, that’s the name) is down just a smidge—about 0.68%—sitting around $1.18 as of July 7. Not exactly setting fireworks off. Still, don’t let that little dip fool you. One crypto analyst thinks this might be the calm before a full-on meme-fueled storm.
According to CRG on X, a bullish candle pattern just showed up—one that, if it plays out, could push FARTCOIN way up toward $2.28. Big move, right? Let’s break it down.
Inside Bar Forms, FARTCOIN Flares Up?
So here’s the pattern: an “inside bar.” Basically, it’s when a candle tucks itself neatly inside the range of the one before it. The first candle is the “mother bar,” and the one that follows shows indecision. It’s like the market is holding its breath.
With FARTCOIN, that mother bar stretched from $0.795 to $1.538. That’s a range of $0.743. And if this pattern breaks out above $1.538? According to the math, it could launch the price to $2.28. That’s a 93% move, more or less—if, of course, the pattern holds.
Lately, trading volume’s been leaning bullish. Over the last two weeks, buyers haven’t backed down. If that kind of pressure sticks around, this meme coin could start pumping… and fast. Oh—and Elon Musk saying nice things about crypto again? That didn’t hurt either.
Derivatives Market Hints at Incoming Chaos
Here’s where it gets even more interesting. Open interest (that’s the total value of futures contracts still open) just shot up 8.4%, landing at $754 million. That’s huge for a meme coin. Only DOGE has more right now, which says a lot about how many folks are eyeing FARTCOIN for the next big move.
Funding rates are positive too. That’s a nerdy way of saying traders are mostly betting long—expecting prices to rise. When open interest climbs with price and funding stays green? That’s typically a bullish combo.
Big Bets, Big Potential
So here’s the vibe: analysts are bullish, open interest is climbing, volume’s solid, and the meme coin space is heating up again. There’s no guarantee that FARTCOIN hits $2.28—but if this pattern really plays out and traders keep betting on the upside, the rally could be fast… and messy.
Sometimes meme coins just fade out. Other times? They explode. FARTCOIN might be gearing up for the latter. You’ve been warned.
