Fartcoin Flashes Vertical Accumulation Pattern, Is $3 Price Next?

Fartcoin price is primed for a significant upward rally, targeting a new all-time high of $3 in the coming weeks. A notable accumulation pattern has emerged, accompanied by a sharp increase in futures trading volume, which recently surged to $2.4 billion. 

As bullish momentum continues to build, the Solana-based meme coin is positioning itself for a potential breakout to a new all-time high.

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

Fartcoin currently trades at $1.5475, up over 10.17% on the day, and remains in a strong uptrend that follows a well-defined vertical accumulation pattern.

This pattern, which often signals a bullish market where the price is rising steadily, extends 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 volume 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.

Given the volume-backed Fartcoin price progression and the little historical resistance around the Fibonacci extension levels at $1.9938 (0.705) and $2.2102 (0.79), 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.

Fartcoin Futures Trading Volume Accelerates to $2B

According to data from Coinglass, Fartcoin’s derivatives activity has intensified, with trading volume accelerating by 40% to $2.4 billion and open interest increasing by 18% to $701 million. 

This uptick further highlights growing market participation and bullish sentiment.  The 1.04 slightly bullish long-to-short ratio validates our aforementioned smart money accumulation, where investors are steadily driving momentum without being euphoric.

Fartcoin Spot Trading Yet to Launch on Binance, Coinbase, and Robinhood

Despite being backed by a strong community and posting consistent growth since its launch, including gains of 335% over the past three months, 376% over six months, and an impressive 2,985% over the past year, Fartcoin remains notably absent from major spot markets like Binance, Coinbase, and Robinhood. 

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 posted 65.21% monthly gains to reach its current price of $178. If this momentum continues to build up, Fartcoin, known for its correlated price behavior, will likely follow suit and rally.