Solana-based meme coin Fartcoin has experienced a surge of 30% in the past 24 hours, outperforming major cryptocurrencies. This rally comes as the broader market sees a modest 2% rebound. Fartcoin has broken above a descending trendline, indicating a potential shift in momentum. The surge in demand and the break above the trendline suggest a bullish trend reversal, with sellers weakening and buyers gaining control. The open interest has also increased by 28%, indicating increasing trader confidence and potential for further price gains. Sustained momentum and buying pressure could propel Fartcoin to new heights, potentially reaching $1.05. However, if profit-taking occurs, the bullish outlook would be invalidated, and the token's price could fall to $0.40.



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