Fartcoin Surges 22%, Eyes $0.54 Amid Strong Demand
Key Takeaways
Fartcoin has recorded a 22% price increase in the past 24 hours, reaching a new monthly high of $0.517. Trading volume surged to $123 million, while open interest grew by 12.73% to $196.26 million. The question now is whether the memecoin can sustain these gains.
Fartcoin Shows Strong Growth
Within a single day, Fartcoin’s price climbed from $0.40 to $0.517, marking a 22.4% increase. Currently, the coin is trading at $0.495. The rising demand is also reflected in the daily trading volume, which has increased to $123 million. The total trading volume now stands at $1.3 billion.
Open interest, which measures the number of open positions in derivatives trading, has also risen by 12.73% to $196.26 million. This suggests that more investors are betting on continued price gains.
Can Fartcoin Sustain Its Gains?
Analyses indicate that the coin remains in high demand. The Relative Strength Index (RSI), an indicator of market strength, has risen from 41 to 61 over the past ten days. This signals that buyers currently have control over the market.
Additionally, the Directional Movement Index (DMI) shows that the positive DI value has climbed to 25.6, while the negative DI value has dropped to 15. This setup suggests that the current uptrend could continue.
Market Sentiment Remains Optimistic
Another indicator of bullish sentiment is the funding rate, which has remained positive over the past two days. A positive funding rate means that traders are willing to pay a premium to hold their long positions—an indication of growing expectations for higher prices.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Viking Slots: Best Norse-Themed Slot Games
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
-
Online Casinos in Brazil
Reading time: ~ 2 minutes
-
Online Casinos in Russia
Reading time: ~ 2 minutes
The long/short ratio also points to further growth. The proportion of long positions stands at 50.60%, suggesting that the majority of investors anticipate rising prices.
Outlook: Will Fartcoin Reach $0.54?
If Fartcoin continues to see strong demand and closes above $0.50, the price could rise toward $0.54. However, if profit-taking increases, a correction could push the price back down to $0.44.
Our Assessment
Fartcoin is currently showing strong price performance, supported by rising trading volumes and positive market indicators. The bullish sentiment remains intact, but short-term corrections are possible. Investors should closely monitor price movements and watch for potential profit-taking.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency