Key Takeaways
Why is Fartcoin rising again?
Whales accumulated 33 million tokens and Spot Netflows turned negative, showing renewed confidence and reduced selling pressure.
Can this uptrend continue?
The Stochastic RSI’s bullish crossover and 64% long dominance suggest buyers may push toward EMA20 at $0.59.
After dropping to a low of $0.17, Fartcoin [FARTCOIN] rebounded sharply, defending the $0.4 support before rising to $0.45 and stabilizing near $0.43 at press time. It marked a 25.24% daily gain.
Its market cap climbed 28.39% to $470 million, signaling renewed inflows after a volatile week.
But what’s behind the memecoin’s recovery?
Fartcoin whales turn buyers again
On the 11th of October, after panic selling earlier in the crash, whales returned to accumulate as prices steadied.
Data from Nansen showed the top 100 addresses boosted their balances by 27.57%, adding about 33 million tokens.
Source: Nansen
Typically, when large holders turn to accumulation, it signals a shift in market sentiment, as they become optimistic again. Historically, increased buying pressure from this group has preceded higher prices.
At the same time, exchange data confirmed the accumulation trend.
According to CoinGlass, Fartcoin’s Spot Netflow turned negative after being positive for two consecutive days.
Source: CoinGlass
As of this writing, Netflow was -$1.03 million, indicating increased outflows. Often, a higher buying pressure on exchanges precedes higher prices as upward pressure mounts.
Derivatives interest builds
Importantly, as the market rebounded, investors rushed into the market to take a strategic position in the futures market.
According to CoinGlass, Derivatives Volume surged 23.7% to $1.41 billion while Open Interest soared 24% to $249 million. In total, Futures recorded $422.8 million in inflows compared to $416.2 million in outflows in 24 hours.
Source: Coinglass
Most of this activity came from the long side.
According to Coinalyze, Fartcoin Long/Short Ratio hit 1.82, with 64% of open positions favoring longs — showing strong speculative optimism for further price recovery.
Source: Coinalyze
Momentum indicators hint at upside
According to AMBCrypto, FARTCOIN rebounded as whales turned to accumulating, accompanied by demand for futures positions.
For that reason, the memecoin’s Stochastic RSI made a bullish crossover, rising to 23, although it remains oversold.
Such setups often mark early reversal points if buying momentum sustains. If bulls maintain pressure, the next key resistance lies near the EMA20 at $0.59, followed by EMA50 at $0.71 — both aligning with pre-crash zones.
Source: TradingView
However, a shift in sentiment, with sellers retaking the market again, Fartcoin could retrace to $0.4, with $0.32 as critical support.
