The post Fartcoin Price Prediction After Hitting ATH: Will It Hit $2? appeared on BitcoinEthereumNews.com.

Fartcoin price continued its strong surge this week, rising for five consecutive days, and reaching its highest level on record. Its volume and futures open interest have risen, and it has flipped a crucial resistance level, raising odds that it will hit $2 soon. Fartcoin Price As Futures Open Interest Hits A Record High Fartcoin price has been in a strong uptrend, transforming it into the fifth-biggest Solana meme coin in the industry with a market cap of $1.4 billion. This surge has been accompanied by higher volume in the spot market and soaring. According to CoinGecko, its 24-hour volume rose to $244 million, its highest level since December 20th. At the same time, its futures open interest rose to a record high of over $136 million. That is a remarkable increase since the figure stood at less than $20 million on December 22. These are signs that Fartcoin price is gaining momentum, possibly as the fear of missing out (FOMO) continues. Fartcoin Open Interest Fartcoin Token Technical Analysis Fartcoin price has soared by over 8,800% from its November lows, and technicals point to more gains in the near term. The daily chart shows that the token has already crossed an important resistance level that presented it with substantial risks. It rose above the resistance point at $1.3050, which was the highest swing on December 20 and 25 last year.  By moving above that level, Fartcoin managed to invalidate the formation of a triple-top pattern whose neckline was at $0.5760. This pattern is similar to a double-top, with the only difference being that it has three peaks. In most periods, an asset that has formed a triple-top usually crashes.  In Fartcoin’s case, it rose above the triple-top and then retested it. A break and retest is a situation where an…

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Filed under: News - @ January 3, 2025 3:26 pm