FARTCOIN has shot up by 21% in the last 24 hours, grabbing the spotlight as the leading performer among the top 100 cryptocurrencies, trading at $1.01. This boost is driven by a bullish vibe among traders, showcased by its Long/Short Ratio of 1.04, which reveals a preference for long positions, indicating expectations for continued price hikes.
The growing appetite for FARTCOIN is further reflected by the sizable 28% increase in open interest, signifying a surge in active derivative contracts. This suggests fresh market participation and affirms the robustness of the current upward trend.
The Relative Strength Index (RSI) of FARTCOIN, currently at 59.11, suggests the meme coin is on an upward trajectory without nearing reversal risks. This optimistic sentiment might elevate the coin to its previous all-time high of $1.29.
However, if traders start selling off for gains, the price might drop to $0.48, undermining the bullish outlook.
