FARTCOIN (FARTCOIN), which earlier today registered as one of CoinMarketCap’s top gainers with a surge of nearly 20%, continues its impressive performance and is now trading at $1.29, reflecting a 16.64% increase over the last 24 hours.

This sustained momentum comes after the exciting news that Coinbase has added FARTCOIN to its FUTURES offerings and its official listing roadmap, a development that has clearly ignited investor enthusiasm.

As of the time of writing, FARTCOIN’s market capitalization has further expanded to $1.29 billion, mirroring its current price and showcasing a substantial increase in its overall valuation. Complementing this, the 24-hour trading volume has seen a significant leap of 53.13% to $263.0 million, indicating robust trading activity and heightened investor interest. The Fully Diluted Valuation (FDV) also stands at $1.29 billion, consistent with its current market cap.

With a circulating supply of 999.99 million FARTCOIN out of a total and maximum supply of 1 billion FARTCOIN, the token exhibits a high level of liquidity and transparency in its supply metrics. The volume-to-market cap ratio over 24 hours is currently at 20.29%, suggesting healthy trading against its market size.

Diving into the Technicals: A Mixed Bag with Bullish Tendencies

While the Coinbase news is a clear catalyst, a closer look at FARTCOIN’s technical indicators reveals a nuanced picture that continues to evolve:

Double-Top Formation: The FARTCOIN chart earlier exhibited signs of a double-top formation. This pattern can, at times, suggest that the price might encounter strong resistance and could experience a decline after reaching two peaks. Traders should remain vigilant regarding this potential development.
SMA Breakout and Strong Support: On a more bullish note, FARTCOIN has successfully broken out from its 30-day Simple Moving Average (SMA) at $1.239, which is a positive indicator for short-term price momentum. Furthermore, it has established strong support at $0.88, suggesting a resilient floor that could mitigate significant pullbacks.
RSI Not Overbought: The Relative Strength Index (RSI) is currently indicating that FARTCOIN is not yet in the overbought zone. This suggests that there could be additional room for upward price movement before the asset becomes technically overextended.
Resistance and Next Targets: Looking ahead, if the current bullish trend persists, FARTCOIN could target a breakout above the $1.63 resistance level. Should it overcome this hurdle, market observers believe it could potentially reach a peak of $2.50 this week.

Community Momentum and Future Outlook

The immediate future of FARTCOIN’s price action appears to be heavily influenced by the ongoing positive sentiment generated by the Coinbase announcement. The “Coinbase Effect,” where a listing or even consideration for listing on a major exchange like Coinbase leads to significant price appreciation, is clearly at play. This phenomenon is often driven by increased visibility, accessibility to a wider investor base, and a perceived stamp of legitimacy.

The post FARTCOIN Surges by Nearly 20% Following Coinbase Listing Roadmap Inclusion appeared first on Coindoo.

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Filed under: Bitcoin - @ June 10, 2025 1:18 pm