Breast CoIN’s increase in Fartcoin, Binance Futures transaction volume left behind Ethereum (ETH) and Chainlink (LINK). Fartcoin recorded an impressive transaction volume of $ 1.63 billion in Binance futures. Thus, Fartcoin showed a significant rise in the crypto money market.
Fartcoin passed ETH and LINK and experienced an explosion in the transaction volume!
While Fartcoın’s 24 -hour Spot transaction volume reached approximately 800 million dollars, the market value showed that investor interest increased by climbing for $ 786.32 million. In this process, breast coin recorded a transaction volume of $ 1.63 billion. On the other hand, Ethereum (ETH) reached a volume of $ 180 billion. Chainlink’s 24 -hour volume was $ 59.7 million.
This increasing acceleration in Fartcoin’s market activity is due to a combination of increased liquidity and community participation. The asset is currently exhibiting a solid base with 63,494 owners. This enlargement has strengthened its position among the most traded assets by supporting the rapid rise of Token’s daily trading volumes.
Technical Analysis: Basic resistance and support levels
Crypto analyst Chryzano Ariston evaluated the technical picture of breast coin. During the article, Fartcoin (Fartcoin) is traded between $ 0.7793 and $ 0.7803. This reflects a gain of 1.92 %in the last 24 hours. The volume/market value ratio 1,0293 points to a strong trade that supports liquidity. However, the entity continues to face down pressure and is forced to maintain my momentum.
The graphic indicators in both 4 -hour and daily time periods show that Fartcoin is trying to remain above $ 0.75 support, even if the wider tendency is down. A diminishing trend line creates resistance between $ 1,00 and $ 1.10, a critical obstacle for a breaking. If Fartcoin rises above this range, it can move towards $ 1.50 in the medium term and $ 2.00 in the long term.
20 EMA of $ 0.7731 offers emergency support, while $ 50 EMA of $ 0.9313, 100 EMA of $ 1,0703, and 200 EMA of $ 1,0913 of $ 1,0913. The fact that the price of the breast coin price is below 50, 100 and 200 EMA shows that the decline tendency continues and that Fartcoin has not yet created a clear upward trend. Nevertheless, close to 20 EMA points to a possible jump if the purchase interest continues.
Fartco’s Price Dynamics (January 2025 – January 2025 January) Source: TradingView.Market View: Is there $ 1 on the target?
While high transaction volume and liquidity fuel investor activities, market sensitivity reveals the interest of new purchases. The main obstacle resistance $ 1,00; Fartcoin needs to be on it to point to a permanent recovery. Without a break, it is possible to retreat up to $ 0.75 or even to $ 0.65. To break the rise, the token should exceed $ 1.10 and potentially supplies additional gains. On the contrary, if the investor sensitivity softens, a decrease to $ 0.50 that matches the previous support levels may occur.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
